BMW surpassed pre-Covid earnings in 2021

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BMW additional than doubled pre-covid-19 earnings in 2021 to 16 billion euros ($17.67 billion), the automaker stated on Thursday, as better selling prices and powerful product sales of the cars greater profits despite offer chain constraints.

The high quality carmaker, which sold a history 2.52 million automobiles in 2021 even immediately after semiconductor shortages, reported a 10.3% earnings margin for the 12 months, its best since 2017.

However, earnings in advance of fascination and taxes (EBIT) in its automobile segment took a 4.2% strike in the fourth quarter thanks to the worldwide chip scarcity, which the automaker has so much weathered far better than rivals, causing a decrease in deliveries of 14.2%.

Quarterly web income for the group came in at 2.25 billion euros ($2.46 billion), a third increased than previous year but effectively under 2019 stages of 5.02 billion euros ($5.48 billion).

BMW’s revenues enhanced 12.4% from final calendar year to 111 billion euros ($121.15), with net revenue achieving a document superior of 12.46 billion.


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