Colosseum a.s. (Colosseum a.s.)
Commodities  |  November 06, 2012 17:53:28

Earnings surpassed the expectations of BMW (8 November 2012)

ColosseumCompany BMW (BMW GR), the largest producer of luxury vehicles in the world, said today that its profit before taxes and interest accrued in the third quarter increased by 14 percent to 2 billion. Analysts were expecting profit of 1.74 billion euros. Revenues increased by 14 percent to 18.8 billion. Management plans to continue to increase sales in the U.S. and China. Especially in Asia is growing interest in premium brands. Unpleasant is profit margin decrease from 11.9 to 9.6 percent, which was the result of higher costs of development. Today's share price falls by 0.6 percent to 64.25 euros.

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