Reithofer said BMW was expecting to set more records in 2015 despite some challenges

Reithofer said BMW was expecting to set more records in 2015 despite some challenges

BMW Group expects "solid growth" in 2015 and record figures unit volume and group profit before tax," retiring chairman Norbert Reithofer told the annual accounts press conference in Munich.

He said momentum would be boosted by the launch of 15 new models, including a redesigned 7 Series flagship, plus model updates, as well as from the "expected positive development of international automobile markets".

"Against that, personnel costs will continue to rise and upfront expenditure for new technologies will remain at a high level. The political and economic environment is also expected to remain volatile," Reithofer said.

The automotive segment is forecast to achieve "solid sales volume growth" in 2015 and a rise is also expected in segment revenues, in line with the increase in sales volume. The EBIT margin in 2015 is forecast to remain within the targeted range of between 8 and 10%.

The financial services segment expects a return on equity in line with the 2014’s 19.4%, remaining ahead of the target of at least 18%, despite rising equity capital requirements worldwide.

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