BMW posts forecast-beating Q4 profits at car ops

Tuesday, 19 March 2013 00:11 - - {{hitsCtrl.values.hits}}

Reuters: BMW, the world’s largest premium carmaker, reported forecast-beating quarterly results at its core auto business and reaffirmed last week group car sales would reach a new record high this year.

BMW said earnings before interest and tax (EBIT) at its Automobile segment rose by a third to 2.08 billion euros ($2.69 billion) in the fourth quarter, equivalent to a margin of 10.6%.

A Reuters poll showed analysts had forecast 1.76 billion euros and a margin of 9.2%. ($1 = 0.7722 euros)