First-quarter profit before tax of euro 508 million
EBIT of Automobiles segment rises to euro 291 million
Further dynamic growth in earnings expected
Reithofer: Group earnings to increase sharply for 2010
Sales growth targeted in solid single-digit percentage range
Munich. First-quarter revenues, sales volume and earnings of the BMW Group all improved sharply compared to the previous year. Group revenues grew by 8.1% to euro 12,443 million (first quarter 2009: euro 11,509 million).[keep reading] The profit before tax increased to euro 508 million (first quarter 2009: loss of euro 198 million), while the profit after tax improved to euro 324 million (first quarter 2009: loss of euro 152 million). The profit before financial result (EBIT) was euro 449 million (first quarter 2009: loss of euro 55 million). The total number of BMW, MINI and Rolls-Royce brand vehicles sold increased by 13.8% to 315,614 units (first quarter 2009: 277,264 units).
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Author: (BMW of North America)
Source: http://www.bmwusa.com/standard/content/ ... nings.aspx