BMW Q1 net profit 2.951 bln eur, down 19.4%
Q1 revenue 36.614 bln eur, down 0.6% (Il Sole 24 Ore Radiocor) - Berlin, 08 May - The German car maker BMW said that in the first quarter net profit fell 19.4% to 2.951 billion euros as revenue slipped 0.6% to 36.853 billion. Currency-adjusted revenues increased slightly, the company noted.
Earnings before tax (EBT) dropped 18.9% to 4.162 billion euros. The EBT margin was 11.4%, down from 13.9% a year earlier by but above the full year target of more than 10%.
The company confirmed its full year guidance.
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(RADIOCOR) 08-05-24 08:29:23 (0170) 5 NNNN