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BMW earns more money in the first quarter

BMW balance sheet - more profit in the first quarter
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The bottom line is that the group made a profit of 324 Million euros, after a loss of 152 million euros had been incurred in the same period last year, as the Dax group announced on Wednesday (May 5th) in Munich. Sales climbed by around eight percent in the first quarter to 12.4 billion euros.

BMW remains cautiously optimistic for the year as a whole

BMW remains cautiously optimistic for the year as a whole reaffirmed the goals. 'We are aiming for a group result in the current financial year that is significantly above the level of the previous year,' said CEO Norbert Reithofer. BMW wants to grow in the 'solid single-digit percentage range' for the whole year and sell more than 1.3 million cars. In 2009 BMW sold around 1.06 million cars worldwide, around 11 percent fewer than in 2008.

Between January and March, the Munich-based company sold around 315,600 BMW, Mini and Rolls-Royce cars worldwide, almost 14 percent more than in the first quarter of 2009. However, BMW was not yet able to build on the first quarter of 2008, in which the group had still delivered around 352,000 vehicles. 'Even if the world economy is still well below the level before the outbreak of the international economic crisis, an initial easing of tension can be seen in many markets,' said BMW.

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