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BMW Pretax Profit Climbs 17%
BMW AG reports its earnings before interest and taxes rose 17% to €2.3 billion in the third quarter of 2014.
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BMW AG reports its earnings before interest and taxes rose 17% to €2.3 billion in the third quarter of 2014. Revenue grew 5% to €19.6 billion, and group vehicle sales advanced 6% to 509,700 units.
The company's net profit slipped 1% to €1.31 billion, hurt by higher taxes. Group operating margin improved to 11.5% from 10.3% in July-September 2013.
Automotive operations accounted for revenue of €18.1 billion in the third quarter, up 6%. EBIT jumped 11% to €5.4 billion.
BMW brand sales rose 7% to a record 433,100 units in July-September and 9% to 1.32 billion through the first nine months of the year. Third-quarter Mini sales were flat at 75,600 units and down 8% to 207,500 over nine months.
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