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BMW Group touches new heights in sales & revenues in Q1

By Swati Sanyal Tarafdar,

Added 07 May 2015

Group revenues up by 14.7 per cent, profit before financial result 20.6 per cent higher, profit before tax improved to approximately € 2.3 billion, automotive segment EBIT margin of 9.5 per cent

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

The BMW Group reaffirms its targets for the full year. "We are aiming to achieve solid growth in 2015, and hence new record figures for sales volume and profit before tax", commented Reithofer. The BMW Group also predicts that it will remain the world's leading manufacturer of premium vehicles in 2015.

Automotive segment revenues are forecast to grow significantly due to the increase in sales volume and exchange rate factors. The company had previously expected a solid growth in revenues. The EBIT margin in 2015 is forecast to remain within the targeted range of between 8 and 10 per cent.

The BMW Group forecasts that the Motorcycles segment will continue its upward trend in the current year, helped by positive contributions from the new models launched in time for the start of the biking season. Sales of BMW motorcycles over the year as a whole are forecast to grow solidly.

The Financial Services segment should also continue to perform well throughout 2015. Despite rising equity capital requirements worldwide, the BMW Group forecasts a return on equity (RoE) in line with the previous year's level (2014: 19.4 per cent), thus remaining ahead of the target of at least 18 per cent.

The BMW Group's forecasts for the financial year 2015 are based on the assumption that political and economic conditions remain more or less stable.

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