BMW
BMW Motorrad delivered 42,592 motorcycles and scooters to customers worldwide in the first three months of 2021; at +22.5%, that was its best-ever sales result for a first quarter.
"This sales growth underpins BMW Motorrad's successful growth strategy. Its strong product offering with a variety of different models and the market launch of various new products, both provide key elements for the continued success of BMW Motorrad".
Profit from BMW's motorcycle division grew by a massive 87.5% for the first quarter (up to € 135m from € 72m) as the company lapped the pandemic-induced collapse in sales seen throughout the motorcycle industry in Q1 of 2020. Gross profit from motorcycle activities was € 188m (up from € 129m for Q1 of 2020) on revenues of € 753m (up from € 557m in Q1 of 2021). Cost of sales was down by €-565m from the €-428m reduction seen in Q1 of 2020.
