FRANKFURT (dpa-AFX Broker) - The surprisingly low profitability weighed heavily on BMW shares on Wednesday after the quarterly report. The shares slid 5.5 percent to their lowest level since the beginning of February and also dragged down other car stocks.

Industry analyst Jose Asumendi from JPMorgan nevertheless attested BMW a fairly solid start to the year. The lower margins were due in particular to higher costs for IT projects and personnel, according to the well-known expert.

However, the free cash flow is strong and the management is also standing by its margin target corridor./ag/zb

-----------------------

dpa-AFX Broker - the Trader News from dpa-AFX

-----------------------