BMW offsets low deliveries with increased prices for higher Q3 profits
newscatcher
2021-11-03 07:30
BMW offsets low deliveries with increased prices for higher Q3 profits
BERLIN (Reuters) – German automaker BMW reported third-quarter earnings before interest and taxes of 2.88 billion euros ($3.33 billion) on Wednesday, beating analysts' expectations of 2.34 billion euros, as it offset reduced deliveries with higher prices.The company's net profit was 2.58 billion euros, with an EBIT margin in its automotive division of 7.8%.'A better product mix and good price setting of new vehicles alongside a stable pricing trend of used vehicles strengthened the financial performance of the business,' a company statement said.

https://wsau.com/2021/11/03/bmw-offsets-low-deliveries-with-increased-prices-for-higher-q3-profits/

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