The German car manufacturer BMW has achieved new records in the turnover, sales and profits during the first quarter of this year. The company announced that today.
Sales grew by nearly 15 percent to 20.9 billion euros. In addition, the company benefited among other things from a global increase in sales of its main brand BMW, by 5.4 percent to 451,576 pieces and favorable currency effects.
Operating profit rose by 20.6 percent to the record level of 2.5 billion. Based on net profit climbed 4 percent to 1.5 billion euros.
BMW said with confidence to look at the rest of the year, despite the challenging economic conditions in some regions, the difficulty in Russian car market and the weaker Chinese market. This year is expected to record solid growth in sales and profit before tax, the company said in Munich.
The group also expects that this year will retain its title of the world’s largest manufacturer of luxury cars, for its German rivals Daimler and Audi.
CEO Norbert Reithofer is at the shareholders’ meeting later this month, followed by Harald Krüger, who is responsible for production.
