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”.
“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.
