May 04, 2023 / 08:00AM GMT
Maximilian Schöberl - Bayerische Motoren Werke Aktiengesellschaft - Head of Corporate & Governmental Affairs
(inaudible) will have the opportunity to ask questions. Now let me hand over to our CFO, first, Nicolas Peter.
Nicolas Peter - Bayerische Motoren Werke Aktiengesellschaft - CFO & Member of the Board of Management of Finance
Thank you, Max. Good morning, ladies and gentlemen. As expected, the BMW Group started 2023 with a solid performance. Group earnings came in at around EUR 5.1 billion with a Group EBT margin of 13.9%. After the first 3 months of the year, the Automotive segment delivered an EBIT margin of 12.1%. We achieved this in the face of persistently volatile conditions that geopolitical and macroeconomic situation remains tense. Inflation and interest rates remain at a high level in many markets. The same applies to material and commodity prices.
Sales of our fully electric vehicles increased dynamically in the first 3 months of the year, just under 65,000 units were sold, an increase of over 83% compared to
Q1 2023 Bayerische Motoren Werke AG Earnings Press Conference Transcript
Feb 12, 2024
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