BMW has today lifted its annual outlook for its margin on earnings before interest and taxes (EBIT) in the automotive segment.
But it said it foresaw ongoing challenges from supply chain issues and inflation in the second half of the year.
The carmaker's forecast mirrored that of competitors such as Mercedes-Benz which also raised their earnings outlook but warned the macroeconomic environment would continue to weigh on output.
BMW said it now expects an EBIT margin on its cars division of between 9%-10.5% from 8%-10% previously, and expects solid growth in its deliveries.
This was up from a previous forecast of only slight growth and comes on the basis of a strong order bank and improved availability of its premium vehicles.
The company's full quarterly results will be published on August 3.
The carmaker reported preliminary figures of a 12.6% group margin on earnings before taxes in the first half of the year and a 10.6% EBIT margin in the automotive segment, helped by higher sales and pricing.
BMW sales rose 4.7% in the first half of the year compared to last year, when supply chain issues caused by factors including the war in Ukraine and lockdowns in China dented output.
