BMW Trading forecasts and signals

BMW has completed the 1st half of the year with good financial indicators. Net profit reached the amount of 7.6 billion euros, which is 13 times more than the same indicator a year earlier. Earnings per share increased by 11 euros to 11 euros 50 euro cents. The carmaker's half-year revenue reached 55.4 billion euros, which is 28% more than in the 1st half of 2020. The company sold 1 million 340 thousand cars in the reporting period, exceeding last year's figure by 39%. The most popular cars were Rolls-Royce and Mini. Their sales have doubled. BMW sales increased by almost 40%. According to the results of the 2nd quarter, the company's net profit amounted to 4.8 billion euros. At the same time, a loss was recorded in April-June of the previous year. Quarterly revenue jumped by 43% year-on-year to 28.6 billion euros. BMW's press release notes that this year the company is showing good growth rates both in terms of profit and sales. Demand for premium cars remains ...