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BMW balance sheet 2009 - less profit: Sales crisis diminishes BMW profit

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BMW balance sheet 2009 - less profit
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The pre-tax result (EBT) has increased 17.7 percent to 413 million euros after 351 million euros in 2008. Sales fell by 4.7 percent to 50.6 billion euros. The group got through the industry crisis better than expected.

BMW austerity measures are having an effect

'Our cost management and targeted measures to improve efficiency are having an impact, even if the effects of the global financial and economic crisis were clearly noticeable,' said CEO Norbert Reithofer according to the announcement. Sales fell by 10.4 percent in 2009. The group sold a total of 1.28 million vehicles of the BMW , Mini and Rolls-Royce after 1.43 million cars in the previous year .

R eithofer confirmed its goal of selling more than 1.3 million cars this year. BMW is cautiously optimistic about the year, even if the effects of the 2010 crisis will still be felt. The numbers were initially well received on the stock market, and the share rose after the numbers. In contrast to its competitor Daimler, BMW plans to pay a stable dividend of 30 cents per common share and 32 cents per preferred share this year.

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