BMW’s Q1 was defined by the first-time consolidation of its Chinese JV (BBA), a key driver to the group’s good start to the year. Nonetheless, the underlying automotive EBIT margin (i.e. excluding consolidation effects) was also quite encouraging, supported by the good commercial performance of the group’s high-end models and strong pricing. While the FY outlook remains uncertain given the current industry headwinds, BMW will stick to its 2022 guidance based on this solid Q1 showing.
13 May 2022
First-time consolidation of BBA drives solid Q1 performance
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First-time consolidation of BBA drives solid Q1 performance
Bayerische Motoren Werke AG (BMW:ETR) | 0 0 0.0%
- Published:
13 May 2022 -
Author:
Jorge Velandia | Valentin Mory -
Pages:
3
BMW’s Q1 was defined by the first-time consolidation of its Chinese JV (BBA), a key driver to the group’s good start to the year. Nonetheless, the underlying automotive EBIT margin (i.e. excluding consolidation effects) was also quite encouraging, supported by the good commercial performance of the group’s high-end models and strong pricing. While the FY outlook remains uncertain given the current industry headwinds, BMW will stick to its 2022 guidance based on this solid Q1 showing.