BERLIN: German luxury carmaker BMW said Friday that earnings rose sharply in the first three months of the current year, driven by a rebound in sales as the market recovers from the coronavirus pandemic.
First-quarter revenues were up 15% at €26.8 billion as unit sales grew by 33% to 636,606, the carmaker said. “The significant recovery of the markets, which began in mid-2020, continued to gain momentum during the first three months of the year.” Looking ahead, the carmaker cautioned that the coronavirus pandemic “will continue to influence the course of business for the BMW group throughout the current financial year − both directly and indirectly.”
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