Thursday, March 10, 2011

BMW: 2010 golden year with 3.23 billion net profit

BMW takes stock for 2010: the year past, was closed to the House with a net profit of 3.23 billion euro, against 210 million in 2009. The result went well beyond the forecasts of financial analysts who predicted a profit to 2.9 billion, is the best ever for the German group. Revenues increased by 19.3% to 60.48 billion euro, and global sales have grown by 13.6%, for a total of 1.46 million vehicles.

The merit of the result is very much to the success of models like the new Mini and Coutryman such as BMW 5 Series, but especially to the booming markets of great young emerging Asia and Latin America. Sales in China grew 85% last year, and double-digit increases were also seen in Russia, India and Brazil.

The management has announced an increase in its annual dividend from 0.30 euro to 1.30 euro per share and the BMW does not intend to aim lower for 2011: "We have set a record target of selling more than 1.5 million vehicles. "

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