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BMW sees solid revenue growth in first half

2023-08-03 13:58
BERLIN BMW on Thursday reported significantly higher year on year revenues for the first half at 74 billion
BMW sees solid revenue growth in first half

BERLIN BMW on Thursday reported significantly higher year on year revenues for the first half at 74 billion euros ($80.87 billion), due in part to the integration of its Chinese joint venture BMW Brilliance Automotive (BBA) as well as higher sales and pricing.Its earnings before interest and taxes came in at 9.7 billion euros, up 42.6%, but net profit fell to 6.6 billion euros, also due to the impact of integrating BBA the previous year, it said.

($1 = 0.9150 euros)

(Reporting by Victoria Waldersee, Editing by Friederike Heine)