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STOCK MARKET VIEW
BMW expected to continue hot profit streak
BMWs party balloon set to gain extra lift from new model explosion

Published: Thu, 15 May 2014 19:03:00 GMT
 

BMW Reithofer Geneva 2014 presentation

BMWs profits go from strength to strength, and investors are only divided by the amount of exuberance they show about the companys future - BMW has the youngest fleet out of the premium makers and is set to continue through 2015 and 2016 ahead of the launch of the 5-Series

Leading the cheering is Arndt Ellinghorst, analyst with International Strategy and Investment (ISI) in
London. 

After underestimating BMWs first quarter performance, Ellinghorst expects profitability to continue to grow because of its new model programme and cost management.

BMW reported fi rst quarter operating profit otherwise known as earnings before interest and tax (EBIT) rose three per cent to 2.09 billion compared with the same period of 2013 as sales gained four per cent to 18.2 billion. 

Automotive pre-tax margin was 9.5 per cent. 

BMWs long-term goal is for a pre-tax profit margin of between eight and 10 per cent. 

In the first quarter, German rivals Mercedes made a seven per cent margin while VWs Audi earned 10 per cent
...more 

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