Frankfurt (Germany), Apr 20 (EFE) .- The German car manufacturer BMW, which also has the Mini and Rolls-Royce brands, has multiplied the operating profit in its car business almost tenfold to 2,236 million euros (229 million euros). euros in the first quarter of 2020).
BMW, which on May 7 will publish the balance until March and has given preliminary figures, reported last night that it has increased sales in all regions, especially in China, and of all its brands.
It has also sold more expensive models and increased demand for second-hand vehicles.
The profit before tax of financial services improved between January and March to 787 million euros, 62.6% more than a year earlier.
The group’s profit before tax has almost quintupled to 3,757 million euros (798 million euros in the first quarter of 2020).
The operating profit margin in the automotive segment has recovered and is 9.8% (1.3% in the first quarter of 2020).
The free cash flow of the automobile segment had an inflow of 2,522 million euros in the first quarter, compared to an outflow of 2,218 million euros a year earlier.
(c) EFE Agency
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