BMW swings to Q2 profit versus pandemic hit 2020 By Reuters

© Reuters. A employees member stands close to a BMW M3 GT2 car displayed on the BMW sales space throughout a media day for the Auto Shanghai present in Shanghai, China April 19, 2021. REUTERS/Aly Music

LONDON (Reuters) – BMW on Tuesday posted a better-than-expected second-quarter web revenue versus a loss in the identical interval in 2020 when the German luxurious carmaker was pummelled by the coronavirus pandemic.

BMW posted a web revenue for the quarter of 4.8 billion euros ($5.7 billion), versus a lack of 212 million euros for a similar quarter in 2020. Analysts on common had anticipated web revenue of two.2 billion euros for the second quarter, in keeping with Refinitiv estimates.

($1 = 0.8420 euros)

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