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3/16, 7:36 AM (Source: TeleTrader)
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BMW St.-1.36%

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BMW Vz.-1.37%

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BMW's 2021 revenue rises 12.4% to €111.24 billion

German carmaker BMW said on Wednesday its 2021 revenue increased by 12.4% to reach €111.24 billion, with automotive deliveries to customers expanding by 8.4% to 2.52 million units. BMW's net profit skyrocketed 223% to €12.46 billion, with earnings per share of €18.77.

"We see 2021 as clear evidence that successful transformation pays off. The strong result we achieved in financial year 2021 is the outcome of our consistent strategy - with an open-technology approach and the right products at the right time," noted BMW Chairman Oliver Zipse.

Commenting on the 2022 outlook, BMW has revised down its car deliveries so they are now projected to be similar compared to 2021 due to the geopolitical tensions caused by the Ukraine-Russia conflict.

Baha Breaking News (BBN) / ND