BMW Blows Away Forecasts With Record First Quarter Profits

BMW posted first-quarter earnings that beat even the most optimistic analysts' expectations, helped by strong demand from China and the United States and a surge in sales of its most expensive sedan.

Earnings before interest and taxes (EBIT) rose nearly 19 percent to 2.13 billion euros ($2.80 billion) from 1.8 billion euros a year earlier. The overwhelming bulk of this stemmed from its core car business, where EBIT as a percentage of revenue fell slightly to 11.6 percent. Analysts had expected 10.7 percent.

Sales rose 14 percent to 18.3 billion euros, the company said in a statement today.

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uhn2000 - 5/4/2012 5:14:48 PM

+2 Boost

Monster #s

enthusiastx11 - 5/4/2012 6:24:36 PM

+2 Boost

serious profits...makes sense given volume increase combined with premium BMW is able to charge over competitors' products.

LexSucks - 5/7/2012 3:11:14 PM

-2 Boost

Audi cheaper? Wrong again. As usual. Does BMW have an R8?

LexSucks - 5/8/2012 1:18:53 PM

-1 Boost

Audi RS4 More expensive than the BMW M3, and AMG C63
Audi S4 more expensive than the BMW 335, and MB C350
Audi A4 3.0 more expensive than the BMW 328 and MB C300
Audi A6 more expensive than the BMW 535.

Should I go on? I wont... you're the guy who thinks that 404k is the same as 500k. So I'm not surprised that you think that Audi is cheaper than BMW.

Blue's Clues? I'm not the one with a childish, silly avatar you are.

LexSucks - 5/8/2012 1:18:54 PM

-1 Boost