BMW lifts outlook, warns inflation and supply issues not over
BMW lifts annual outlook with improved EBIT margin despite supply chain and inflation challenges. Competitors like Mercedes-Benz follow suit. Solid growth expected in deliveries, but shares drop 3.97%. Full quarterly results on Aug. 3. First-half group margin at 12.6% and automotive EBIT margin at 10.6%. BMW sales up 4.7% YoY.
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