BMW Group reports revenues up 9.0%, EBIT up 32.0% in 2023
The BMW Group announced 2023 financial results. Group revenues increased 9.0% y/y to EUR 155.5 billion, EBIT was up 32.0% to EUR 18.5 million and annual net profit decreased 34.5% to EUR 12.2 billion.
In addition to full consolidation of BMW Brilliance Automotive Ltd. (BBA), revenues were primarily driven by higher s