The BMW Group registers higher sales volume, revenues, and profit in Q1

The BMW Group continued to perform well during the first three months of 2015, with sales volume, revenues, profit before financial result and profit before tax all rising to new highs for the first-quarter period.

Group revenues grew significantly by 14.7 per cent to € 20,917 million (2014: € 18,235 million). Profit before financial result (EBIT) for the three-month period rose by 20.6 per cent to € 2,521 million (2014: € 2,090 million), thanks to strong performances by the Automotive, Motorcycles and Financial Services segments.

The EBIT margin for the Group was 12.1 per cent (2014: 11.5 per cent). Profit before tax (EBT) improved by 5.1 per cent to € 2,269 million (2014: € 2,159 million). Net profit came in at € 1,516 million (2014: € 1,458 million), 4.0 per cent ahead of the previous year's first quarter.

Automobile sales volume of the BMW Group climbed by 8.1 per cent to 526,669 units (2014: 487,024 units), thus setting a new record for the period. "We have got off to a good start in 2015", commented Norbert Reithofer, the Chairman of the Board of Management of BMW AG on Wednesday in Munich.

Automotive segment: EBIT margin at upper end of target range

Automotive segment revenues increased by 14.1 per cent in the first quarter to € 18,893 million (2014: € 16,559 million) due to the increase in sales volume and changes in the fixed exchange rates. EBIT climbed by 13.5 per cent to € 1,794 million (2014: € 1,580 million).

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