02 Aug 2016
Q2 16 was better than Q1
While passenger car delivery growth stagnated at almost 6% in both quarters (to 557,605 in Q1 and to 605,534 in Q2), BMW achieved better revenue and profit growth numbers in the last quarter. As a result, H1 revenue was up by 2.3% to almost €46bn, EBIT increased by 2.7% to €5.18bn, and net earnings by 10% to €3.59bn. Whereas sales were only marginally ahead of our projected €45.7bn, EBIT was clearly higher (we had expected €4.8bn) and net earnings slightly higher (€3.50bn).