BMW Group: Increased Sales & Revenues For Third-Quarter
The BMW Group has announced increased sales volume and revenues and earnings figures for the third quarter of 2007. However, despite the improvement in third quarter profits before tax (+6,3%), the group’s overall profit before tax during the first nine months of the year is still down by a whopping 17,4% (€2,682 million) compared to 2006.In terms of car sales, the Bavarian carmaker saw its third-quarter sales rise by 12.8% to 364,564 units (third quarter 2006: 323,064 units) while the number of cars sold during the first nine months of the year (January to September) increased by 7.2% to 1,094,849 units (first nine months 2006: 1,021,534 units). -Continued after the jump
The number of BMW brand cars sold in the nine-month period to September went up by 6.3% to 929,379 units (first nine months 2006: 874,208 units) whilst the sales volume for the period from July to September rose by 10.8% to 306,964 units (third quarter 2006: 277,088 units).
MINI also showed sharp sales volume growth rates in the third quarter, with the number of cars sold rising by 25.2% to 57,315 units (third quarter 2006: 45,788 units). Sales volume for the nine-month period increased by 12.3% to 164,891 units (first nine months 2006: 146,851 units).
Finally, the number of Rolls-Royce brand vehicles delivered to customers during the nine-month period rose by 21.9% to 579 units (first nine months 2006: 475 units) while sales volume for the third quarter jumped by 51.6% to 285 units (third quarter 2006: 188 units).
Third-quarter revenues of the BMW Group rose by 19.2% to euro 13,778 million (third quarter 2006: euro 11,557 million). Profit before tax improved by 6.3% to euro 765 million (third quarter 2006: euro 720 million), whilst the net profit rose by 77.7% to euro 803 million (third quarter 2006: euro 452 million) partly as a result of tax effects.
During the first nine-months of the year, the Bavarian carmaker saw its revenues grow by 11.1% to euro 40,412 million (first nine months 2006: euro 36,368 million). The group profit before tax amounted to euro 2,682 million (first nine months 2006: euro 3,248 million /-17.4%). The group profit after tax was euro 2,143 million (first nine months 2006: euro 2,187 million /-2.0%).
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