BMW confirms outlook, but says rest of 2021 to be volatile
Sales in China almost doubled in the first quarter versus the same period in 2020
BMW said its first-quarter results received a boost from the sale of previously leased vehicles, in particular in the US market
BMW reiterated its full-year profit margin outlook on Friday, but said that it expected the rest of the year to remain volatile and that rising raw material costs could hurt earnings moving forward.
The German carmaker said that sales of its electrified vehicle models more than doubled in the first quarter, when it also benefited from higher prices and strong demand in China.