Comments
The world’s leading luxury carmaker BMW posted a bigger-than-forecast 27-per-cent gain in second-quarter profit on Tuesday with the group aiming for record sales this year.
Net profit rose to 1.77 billion euros ($2.4 billion) in the three months to the end of June, from 1.39 billion euros in the same period last year, the Munich-based group said. Analysts had forecast a rise to 1.53 billion euros.
“After our record sales volume performance in the first half of the year, we are now targeting a significant increase in the number of vehicles delivered to customers in the current year and hence a new sales record of over two million vehicles,” said BMW chief Norbert Reithofer.
However, the recent strong euro dampened the rise in revenue, which edged up 1.8 per cent to 19.9 billion euros. BMW reaffirmed its sales and earnings forecasts.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.