The operating profit (EBIT) improved by almost 50 percent to 2.88 billion euros, which is also significantly better than expected.
(Photo: dapd)
Munich Despite the global semiconductor crisis, BMW significantly increased sales and profits in the summer quarter. The revenues increased compared to the previous year by 4.5 percent to 27.5 billion euros, as the company announced on Wednesday. Analysts surveyed by Refinitiv had expected 25.8 billion euros.
The operating profit (EBIT) improved by almost 50 percent to 2.88 billion euros, which is also significantly better than expected. The carmaker benefited from the higher prices for new and used cars, which were due, among other things, to the scarcity of vehicles due to the lack of chips, it said.
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