BMW said revenues for the three-month period from July to September 2012 rose 13.7% to EUR18,817m (2011: EUR16,547m). EBIT increased 13.8% to EUR2,004m (EUR1,761m). EBT improved 17.6% to EUR1,987m (EUR1,689m). Net profit was 16.0% up at EUR1,289m (EUR1,111m).
Third quarter deliveries increased 9.0% to 434,963 units (399,218).
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Revenues for the first nine months rose 11.6% to EUR56,312m (EUR50,472m). EBIT inclued up 0.8% to EUR6,406m (EUR6,358m) for an EBIT margin of 11.4%. Nine-month profit before tax amounted to EUR6,040m, almost identical to the previous year’s high level (6,044m).
Profit after tax fell to EUR3,915m (EUR4,028m). Deliveries climbed 8.3% to a new high of 1,335,502 units (1,232,584).
“We have had a good third quarter, setting new sales volume, revenues and earnings records in the face of a challenging market environment. We expect further sales volume growth for the fourth quarter, even though it is clear that we – and indeed the sector as a whole – are likely to be confronted with adverse business conditions”, said BMW chairman Norbert Reithofer.
BMW said it remained “committed to its targets for the full year”.
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By GlobalData“We are on course to achieve new record figures for sales volume and pre-tax earnings in 2012”, added Reithofer.
Conditions on international car markets do, however, pose a whole range of challenges.
“Like the rest of the sector, we are now beginning to feel some headwind”, Reithofer said.
