Tuesday, August 2, 2011

BMW net profit doubles in second quarter 2011

Good news for BMW coming from the market, where the German group was able to double net profit in the second quarter of 2011 than the year before, reaching a total of 1.81 billion against EUR 834 million. With this performance, also grew by 83% operating profit, with more than positive outlook for the remainder of the year despite the evident difficulties of the industry in major markets, including the Italian one which recorded a significant decline in July.

To weigh in positive BMW was the strong demand coming from China, which has brought into vogue not only models with Bavarian brand, but also those of the Mini and Rolls-Royce subsidiary, which have contributed to the figures better than estimated by the same financial analysts. Revenues also improved by 17% reaching about 17.89 billion euros and have seen large increases in the already mentioned China, where growth was 61%, and in Asia in general, where the growth rate was 47%.

Despite the satisfaction with the excellent results achieved, the Bavarian leaders have warned investors about the awareness of how the economic environment remains volatile because of the debt crisis that is sweeping Europe and the apprehensions regarding the delicate situation of the U.S. economy.

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