Arab Today, arab today bmw q2 profit exceeds expectations
Last Updated : GMT 21:46:51
Arab Today, arab today
Arab Today, arab today

BMW Q2 profit exceeds expectations

Arab Today, arab today

Arab Today, arab today BMW Q2 profit exceeds expectations

Berlin - AFP

German top-of-the-range car maker BMW posted a higher-than-expected increase in second-quarter net profit on Thursday despite a weak European market. Net profit rose by nine percent to 1.4 billion euros ($1.9 billion) for the period compared to a year earlier, exceeding the 6.1 percent rise forecast by analysts polled by Dow Jones Newswires. Sales, on the other hand, which rose by 1.8 percent to 19.5 billion euros, were slightly lower than forecast, while underlying or operating profit, as measured by earnings before interest and tax (EBIT), dropped. The group said investment in new technology, higher personnel costs and greater competition led second-quarter EBIT to slip 8.8 percent to 2.1 billion euros. \"The BMW group achieved a strong second quarter performance despite the headwinds on many automobile markets in Europe,\" chief executive Norbert Reithofer said in a statement. BMW said weak European markets and higher competition would continue to provide challenges in the second half of the year but it was sticking to its 2013 targets. \"We continue to target sales volume growth for the full year in the single-digit range and hence a new sales volume record,\" Reithofer said. \"Due to high levels of expenditure for new technologies and models as well as investment in the production network, we continue to predict a group profit before tax for 2013 on a similar scale to 2012,\" he added.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bmw q2 profit exceeds expectations Arab Today, arab today bmw q2 profit exceeds expectations

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bmw q2 profit exceeds expectations Arab Today, arab today bmw q2 profit exceeds expectations

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday