BMW rises on strong Q1 results, confirming FY outlook despite US tariffs

BMW BMWG.DE rises 2.4%; tops Germany's blue-chip index .GDAXI, among best performers on STOXX 600 index .STOXX

German premium carmaker posts Q1 EBIT of 3.14 bln euros ($3.57 bln) vs year-ago 4.05 bln euros, but above analysts' estimate of 2.76 bln euros, per data compiled by LSEG

Confirms FY outlook, despite U.S. auto tariffs

Says forecast includes mitigating measures to offset impact of higher tariffs

Expects some of the tariff hikes to be temporary, with reductions beginning in July

JP Morgan says in "a good start to the year", BMW reported solid results, with operating auto margins of 6.9% vs forecast of 6.2%

Stock down 2.1% YTD

($1 = 0.8799 euros)