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World markets  |  March 20, 2013 10:33:09

BMW outlook for this year slightly above market expectations


BMW Group today announced complete financial results (provisional already known) for 2012. Profit before tax amounted to EUR 7.82 billion (+6% y / y), while management expects to achieve roughly the same result this year. This outlook was slightly above analysts' estimates (average 7.72 billion). BMW introduced a generally cautious outlook, according to which the number of cars sold this year had an increase of less than 10%, and operating margin should be between 8 to 10% (previous year 10.9%). Negative factor is the recession in Europe and slower growth in China.

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