BMW beats expectations with first-quarter earnings

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

German luxury carmaker reports sales growth in all major regions of the world, most notably China. FMTNews

FRANKFURT: German luxury carmaker BMW on Monday posted preliminary pre-tax earnings of €3.76 billion for the first quarter, well ahead of expectations, as the industry recovers from its coronavirus shock.

Analysts surveyed by Bloomberg had expected earnings before tax to come in far lower, at €1.8 billion, while Factset gave an estimate of €2.5 billion. But BMW said last month that a recovery had begun in the second half of 2020 and continued to gain momentum, as countries eased pandemic restrictions and demand rebounded sharply in key market China.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 5. in BE

Belgique Dernières Nouvelles, Belgique Actualités