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BMW’s Profit Jumps 26%
BMW Group says its operating profit in the second quarter climbed to €2.6 billion from €2.1 billion in April-June 2013.
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BMW Group says its operating profit in the second quarter climbed to €2.6 billion from €2.1 billion in April-June 2013. Net profit grew 27% to €1.8 billion.
Revenue rose 2% to €19.9 billion, and unit sales advanced 5% to 533,200 vehicles in the second quarter. The company's group pretax profit zoomed 31% to a record €2.7 billion.
Demand for BMW brand vehicles jumped 8% to 458,100 units in the period. Mini sales dropped 10% to 74,000.
The group, which sold a record 1.96 million vehicles last year, expects to surpass 2 million sales in 2014. Its volume in the first half of 2014 grew 7% to a record 1.02 million units.
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