(Finance) – The group bmw recorded a drop in net profit in the first half to 6.62 billion (-50%), while revenues rose by 12.4% to 74.072 billion euros. The Ebt is equal to 9.351 billion (-42.1%).
Deliveries are up 4.7% to 1.214 million vehicles.
The data compares with the first half of 2022 conditioned by the consolidation of the Chinese joint venture BMW Brilliance (BBA) which had a positive impact of 7.7 billion euros.
“We are preparing the group for the future while maintaining a high level of profitability,” says CEO Oliver Zipse.
Earlier in the week, the BMW Group improved its EBIT margin guidance for the automotive segment for the full year 2023 to 9-10.5% (previously: 8% to 10%) and the RoCE for the automotive segment at 18-22% (formerly: 15% to 20%).