The German car manufacturer BMW reports an operating result of 3.14 billion euro for the year's first quarter. It is a profit decline of 23 percent compared to the corresponding quarter last year.
The sales in China plummeted by 17 percent, which means that BMW just concluded the worst quarter in the world's second-largest economy since 2020.
But on the Frankfurt Stock Exchange, it's thumbs up. The stock rises by over 3 percent as BMW confirms the forecast and the result, even though it was pressed down, was better than expected.
