© Reuters. FILE PHOTO: Beijing Worldwide Automotive Exhibition
LONDON (Reuters) – German carmaker BMW mentioned on Thursday that its working revenue for 2020 fell attributable to spring shutdowns to gradual the unfold of the coronavirus pandemic, regardless of a robust second-half rebound in gross sales, significantly in China.
The premium carmaker posted a full-year 2020 pre-tax revenue of 5.2 billion euros ($6.22 billion), down practically 27% from 7.2 billion euros within the prior yr. BMW ended the yr with free money circulate of three.4 billion euros, increased than in 2019 regardless of widespread lockdowns.
($1 = 0.8360 euros)
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