bmw sees forecasts in reach
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

after Q1 profit boost

BMW sees forecasts in reach

Arab Today, arab today

Arab Today, arab today BMW sees forecasts in reach

German luxury carmaker BMW
Frankfurt am Main - Arab Today

German luxury carmaker BMW on Thursday said it was "confident" of achieving its objectives for 2017, as it reported a leap in profits in the first three months.

Net profit at the group grew 31 percent year-on-year to 2.15 billion euros ($2.34 billion) between January and March, on revenues up 12.4 percent to 23.45 billion euros.

BMW pointed to increased sales as it began launching a slew of new models slated for the next two years, including a doubling in sales of electric-powered cars.

"We expect the BMW group's three premium brands to set new delivery records again in 2017," chief executive Harald Krueger said in a statement.

Alongside the group's own-brand cars, BMW also operates Mini and Rolls-Royce as subsidiaries.

BMW noted that as well as a sales boost, financial effects contributed steeply to its bottom line.

One of those was a 183-million-euro increase in the value of its stake in high-tech mapping firm Here -- which it owns jointly with competitors Daimler and Audi -- as new investors were brought in.

Without those financial impacts, operating, or underlying profit grew just 7.7 percent compared with the same period last year, to 2.65 billion euros.

Looking to the rest of the year, "the first-quarter results lay a very sound foundation for us to achieve our ambitious targets for 2017," finance chief Nicolas Peter said.

BMW expects "slight increases" in unit sales of its cars and pre-tax profits in 2017, while keeping operating profit margins between 8.0 and 10 percent.

source: AFP

arabstoday
arabstoday

GMT 02:49 2018 Thursday ,18 January

BMW aims to reignite US car sales

GMT 03:37 2018 Saturday ,13 January

BMW drives to new sales record

GMT 03:15 2017 Sunday ,24 December

US tax reform promises big income

GMT 12:26 2017 Monday ,11 December

German prosecutors probe BMW diesel

GMT 11:01 2017 Thursday ,16 November

Urban, young and active?
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bmw sees forecasts in reach bmw sees forecasts in reach

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bmw sees forecasts in reach bmw sees forecasts in reach

 



GMT 23:24 2017 Tuesday ,24 January

Mofida Shiha prefers social TV programs to politics

GMT 21:23 2017 Sunday ,13 August

Fierce clashes between Daesh, SDF in Raqqah

GMT 19:31 2017 Monday ,16 October

Azhar Imam, Mufti to inaugurate international Fatwa

GMT 18:33 2017 Tuesday ,28 March

S. Korea Preparing for N. Korean ICBM Launch

GMT 23:39 2017 Tuesday ,19 September

Iran recruits Afghans, Pakistanis to fight in Syria

GMT 03:51 2017 Saturday ,11 November

'Lazarus' Daly says recovery no miracle

GMT 13:30 2017 Friday ,17 February

Four killed in Kashmir Gun battle

GMT 18:51 2017 Friday ,17 November

FIA WEC Bapco 6 Hours of Bahrain weekend starts

GMT 00:56 2017 Tuesday ,22 August

Britain calls on EU to move Brexit talks forward

GMT 18:56 2017 Wednesday ,01 February

Russia calls for Syria's return to Arab League

GMT 02:29 2017 Wednesday ,08 November

World's richest turf contest hikes prize money

GMT 10:33 2017 Saturday ,15 April

Chicago airport security under fire

GMT 16:30 2017 Sunday ,19 March

100,000 starve while S. Sudan buys weapons

GMT 23:09 2017 Thursday ,30 November

ERC distributes winter aid to Syrian refugees in Jordan
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday