Start of production of the all-electric BMW i5
Milan Nedeljkovic, Production Director at BMW, shows the all-electric BMW i5.
(Photo: dpa)
The Munich carmaker BMW has raised its forecast after a sales increase in the first half of the year. In the car business, a return of nine to 10.5 percent can now be expected, the company announced on Tuesday. So far, Munich had predicted eight to ten percent here. On the basis of the solid operating performance in the first half of the year, a positive business development can also be expected in the second half of the year. “This is based on a consistently good order situation and the likely better availability of its premium vehicles.”
In the first half of the year, the return on sales before taxes was 12.6 percent, and a profit margin of 10.6 percent was generated in the car business. The main drivers are the higher sales volume, an advantageous product mix and a good price situation with opposing negative currency effects and higher material and warranty costs.
BMW could not score with investors with its numbers and the forecast increase. The stock fell more than 5 percent.