BMW Group reported net revenue of €28.6 billion in the second quarter, a 43.1% year-over-year increase despite a semiconductor shortage, according to the company’s press release.
- The German automaker’s profit jumped to €4.8 billion in the second quarter from a loss of €212 million in the same quarter of 2020.
- BMW’s earnings per share were €7.23 in common stock and €7.24 in preferred stock, up from €-0.35 and €0.34, respectively in the second quarter of 2020.
- BMW sold a record 702,442 units globally in the second quarter, a jump from 485,464 units sold in the same period last year.
- The company expects to produce more electric vehicles with electrification set to cover all the product portfolio in the next two years.
BMW’s revenue in the first six months was €55.3 billion, a 28.1% year over year increase BMW is down -4.19%.