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BMW Reports Record Third-Quarter Sales, Profits
BMW AG’s revenue in July-September grew 14% to €22.3 billion ($24.4 billion), nearly half of it due to favorable exchange rates.
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BMW AG’s revenue in July-September grew 14% to €22.3 billion ($24.4 billion), nearly half of it due to favorable exchange rates.
Unit sales climbed 7% to a record 545,100 units for the period. Volume was led by a 7% increase to a record 463,700 units for the group’s BMW brand passenger vehicles.
Third-quarter group profit before interest and taxes advanced 4% to €2.4 billion ($2.6 billon). Net profit jumped 21% to €1.6 billion ($1.7 billion).
The company reports its unit sales through the first nine months of 2015 rose 8% to 1.64 million BMW, Mini and Rolls-Royce brand vehicles. Deliveries grew 10% to 731,600 units in Europe, 4% to 503,200 units in Asia and 7% to 361,600 units in the Americas.
BMW reiterates its target of full-year records for unit sales, revenue and earnings.
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