BMW has reported sales growth in all significant regions of the world, in particular in China, and all brands in prelimnary figures for the first quarter of 2021.
The company also said that positive price and mix effects, as well as high demand for pre-owned cars, also led to Q1 results that exceeded market expectations.
Based on preliminary figures for the first quarter 2021, Automotive segment EBIT is €2,236 million (Q1 2020: €229 million), Financial Services segment EBT is €787 million (Q1 2020: €484 million) and Group EBT is €3,757 million (Q1 2020: €798 million). The Automotive segment EBIT margin is 9.8% (Q1 2020: 1.3%).
The positive operating performance and the continued focus on working capital management lead to the free cash flow of €2,522 million (Q1 2020: -2,218 million) in the Automotive segment, also exceeding market expectations.
Further details will be published in the Quarterly Statement for the period to 31 March 2021 on 7 May 2021.