Although BMW’s revenue from motorcycles fell by 2.7 per cent to £368.7m in its first-quarter financial results to 31 March, the disappearance of losses from its former Husqvarna subsidiary delivered a dramatic increase in sector operating profit, up by a muscular 37.8 per cent to £43.1m. Resultant pre-tax profit rose by 35.1 per cent to £42.3m. As previously reported, the brand’s quarterly bike sales volume increased by 1.5 per cent to a record 24,732 units.
Inevitably, this was a mere speck in the ocean compared to overall BMW Group performance, even though that was somewhat less impressive. Group revenue fell by 4.1 per cent to £14.84bn. Operating profit was down by 4.5 per cent to £1.72bn. Net profit declined three per cent to £1.11bn.
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