BMW Group's first-quarter revenue and profit both declined

Although BMW Group's car sales increased slightly by 1.1% in the first quarter of this year, its revenue and profits still showed a downward trend. Revenue fell 0.6% year-on-year to 36.614 billion euros, pre-tax profit fell 18.9% to 4.1 billion euros, and the pre-tax profit margin of the automotive sector fell to 8.8%. The group's net profit fell 19.4% to 2.95 billion euros.