GERMANY: BMW Q2 net income falls 9.7% - report
BMW posted a 7% drop in second-quarter pre-tax profit on Thursday, a narrower drop than feared as currency and interest rate hedging cushioned the fall, but sales skidded lower, Reuters reported. The report said BMW pre-tax profits dropped to 947 million euros ($US1.08 billion), while net income fell 9.7% to 568 million euros, both well above analysts' expectations and the company's most recent guidance.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable