BMW: stock up after final quarterly results.
(CercleFinance.com) - Outperforming the DAX 30 index this morning in Frankfurt, BMW shares are benefiting from the group unveiling its final quarterly results this morning.
The Bavarian carmaker's final Q1 2017 results include sales of 587,237 vehicles (+5.3%), representing total revenues of 23.5 billion euros (+12.4%).
However, operating income grew at a slower pace (+7.7% 2.6 billion euros). The group's main Automotive division reported 6.1% growth to 1.9 billion dollars, which knocked 40 basis points off its margin, which reached 9%.
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