At the car manufacturer BMW, business is picking up again.
Thanks to unexpectedly good sales figures and lower costs, more money is flowing into the till - despite Corona.
Munich - The Munich-based car
manufacturer BMW
* generated higher free cash inflows in its core business than expected in the third quarter.
From July to September, the free cash flow in the automotive segment amounted to 3.065 billion euros, the company announced on Monday evening.
It was said that this exceeded current market expectations.
In the previous year,
BMW AG had
everything to do with
BMW
, MINI * and
Rolls-Royce
*
Free cash inflows of 714 million euros still reported.
The recovery was mainly due to the faster than expected recovery in several markets, which led to higher sales growth.
In addition, fixed costs and investments have been further reduced.
At the same time,
BMW
confirmed
the existing forecast.
However, the outlook is subject to the proviso that the corona pandemic will not lead to further impairment of ongoing business, it said.
The group did not initially provide any further details.
The
BMW
Group
plans to
publish the
corresponding figures
on November 4th.
Plug-in vehicles are perfect for commuters.
By mid-2021 we will have 4100 #charging points at our German locations, so that #electric cars have easy access to power.
Around half of them will be accessible to the public.https: //t.co/pLwicvyepf#BMWGroup #ElectrifYou pic.twitter.com/VrJGTjlyuj
- BMW Group (@BMWGroup) October 19, 2020
BMW: Strong sales figures in the third quarter
BMW
had
significantly improved
sales in the third quarter thanks to strong sales in
China
and Europe *.
According to the figures published on October 7th, Bavaria recently increased its sales by 8.6 percent to 675,680 units despite Corona.
From January to September, the Bavarians sold a total of 1.638 million
BMW
, Mini and Rolls-Royce
vehicles worldwide
.
That was 12.5 percent less than a year ago.
Business at
BMW
picked up
particularly in China
.
The bottom line was that in the third quarter, the group posted an increase in sales of a good third to 230,612 vehicles.
In Europe, too, things went up.
However, at 7.1 percent, the increase was well below the booming business in Asia.
You can find analyst comments on the announcement and further reactions here tomorrow morning (October 20th).
* Merkur.de is part of the Ippen-Digital network.