BMW’s H1 results were very solid, with sales volumes reaching a record level for a first half and revenues and EBIT beating expectations. Automotive margins and cash generation were exceptionally strong as the company proved capable of handling the current industry headwinds. In spite of this, management is concerned by the risks from the semiconductor crisis and rising raw material costs as they extend into H2, opting to stick to its conservative automotive EBIT FY targets.
04 Aug 2021
H1 21: a strong first half, but BMW sticks to conservative guidance
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H1 21: a strong first half, but BMW sticks to conservative guidance
Bayerische Motoren Werke AG (BMW:ETR) | 0 0 0.0%
- Published:
04 Aug 2021 -
Author:
Jorge Velandia -
Pages:
3
BMW’s H1 results were very solid, with sales volumes reaching a record level for a first half and revenues and EBIT beating expectations. Automotive margins and cash generation were exceptionally strong as the company proved capable of handling the current industry headwinds. In spite of this, management is concerned by the risks from the semiconductor crisis and rising raw material costs as they extend into H2, opting to stick to its conservative automotive EBIT FY targets.