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Munich (dpa) - The car manufacturer BMW is becoming more confident, but remains cautious in view of the risks.
The DAX group is sticking to its annual forecast despite a jump in profit in the first quarter.
The bottom line was almost fivefold compared to the previous year's period, which was weak due to the corona, to 2.8 billion euros, as the company announced on Friday.
The group turnover climbed by 15 percent to 26.8 billion euros.
After the strong start to the year, the Munich-based company is now aiming for a profit margin before interest and taxes in the important car business at the upper end of the range of 6 to 8 percent planned for the year, as it was said.
As already known, the operating margin rose from 1.3 to 9.8 percent in the first quarter.
However, continued volatility is to be expected in the further course of the year, explained the management around CEO Oliver Zipse.
BMW expects fewer disruptive factors due to the corona pandemic as the vaccinations progress, but is still concerned about negative effects and also expects further burdens from higher raw material prices.
After the strong start to the year, rival Daimler had significantly increased its profit prospects for the Mercedes-Benz car and van division.
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© dpa-infocom, dpa: 210507-99-503454 / 2
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