(MENAFN)The firm stated on Friday, May 7, that German luxury carmaker BMW's first quarter 2021 net proceeds hit 2.8 billion euros (USD3.4 billion), more than four times the amount -- 574 million euros - reported in the first quarter of 2020.
The "greatly improved level of revenues and earnings" was driven by a mixture of higher sales volume numbers across all areas of the world, particularly in China, according to BMW.
The BMW Group's total incomes increased 15.2 percent to more than 26.7 billion euros. International sales of the firm’s core brand hit 560,543 vehicles, augmenting by more than a third year-on-year.
"The first quarter shows that our global business model is a successful one, even in times of crisis.
We remain firmly on track for continued sustainable, profitable growth," stated Oliver Zipse, chairman of BMW AG's Board of Management.
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