Bmw expects to see even better sales in 2011 than previously forecast

Article by Christian A., on July 12, 2011

BMW AG forecasts that it will reach an "even greater improvement in pre-tax earnings than originally predicted" for this year, sticking to its pattern of only giving a clear target for its automotive segment’s operating margin.

Specifically, the company is forecasting a rise of at least 10 percent in its sales this year to more than 1.6 million vehicles compared to the previous estimate of more than 1.5 million.

During the first half of the year, the BMW Group sold 833,366 vehicle units, which is an annual increase of 19.7%. The positive forecast has been attributed to the increasing profitability at the company’s core automotive business as well as an extra 100,000 vehicle units in sale.

The company disclosed that in view of the current “strong performance and the good outlook” in the next months, the automotive segment is now expected to obtain an EBIT margin of more than 10 percent for the entire year.

The company is pre-releasing guidance in advance of its scheduled quarterly results on August 2. BMW continues to aim for an EBIT margin range from 8 percent to 10 percent for its automotive segment for 2012.

During the early parts of May, the company stated that the EBIT margin of its automotive division would exceed 8 percent while achieving higher 2011 pretax profit compared to 2010.

Topics: bmw, sales

If you liked the article, share on:

Comments

Recommended

Here are some things that potential buyers of the Ford F-150 and Ford Expedition could look forward to for the 2018 model year. The 2018 models of the F-150 pickup...
by - August 15, 2017
We first saw the McLaren 720S earlier this year when it made its debut at the Geneva Motor Show, and we all agree that it is a beautiful car. But...
by - August 15, 2017
It has been six years since Lexus introduced the current generation of the CT 200h hybrid. For the 2018 model year, the current CT 200h lives through with some minor...
by - August 15, 2017
What happens when an auto company finds that a certain offering is not selling enough to make a good business case? Continuing to build and sell such vehicle would only...
by - August 14, 2017
It looks like that Audi is in the final stages of finalizing its new Audi Q8 sports utility vehicle. While the German premium carmaker has yet to reveal the looks...
by - August 14, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries