BMW makes a profit of 18.6 billion euros – record dividend for shareholders

BMW X3

The off-road vehicles of the X series were extremely popular with customers.

(Photo: dpa)

Vienna Record high car prices and special effects from China give BMW the best result in the company’s history. The vehicle manufacturer from Munich was able to increase its net profit by 49 percent to 18.6 billion euros in the previous year. Sales also increased sharply, rising from 111 to 143 billion euros, as the group announced on Thursday.

BMW wants its owners to share in the success and is raising the dividend per share from 5.80 to 8.50 euros. In total, the car manufacturer is paying out almost 5.5 billion euros to its shareholders. This corresponds to an increase of a good 43 percent. The siblings Susanne Klatten and Stefan Quandt, who together control around 47 percent of the BMW shares, benefit from this.

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