BMW aims for record sales in 2012

BMW aims for record sales in 2012

PanARMENIAN.Net - German top-of-the-range carmaker BMW said on Tuesday, March 13 it was confident it would be able to achieve record sales and earnings again this year following a bumper year in 2011.

"The BMW group is confident about the current financial year after a record year in 2011," AFP quoted chief executive Norbert Reithofer as saying.

"We are targeting new highs in sales volume and pre-tax earnings for 2012."

As already reported last week, BMW booked net profit of 4.907 billion euros ($6.5 billion) in 2011, an increase of 51.3 percent year-on-year, and pre-tax profit rose by 52.1 percent to 7.383 billion euros.

Unit (Berlin: UN7.BE - news) sales were up 14.2 percent at 1.669 million vehicles, pushing up revenues by 13.8 percent to 68.821 billion euros.

 Top stories
"There have been no new talks on gas exports to Europe, but there are routes and facilities which we need to use," Majedi said.
"We are particularly pleased by a 15 percent rise in lending to small and medium-sized businesses,” the bank’s financial director said.
It also signed 33 Reimbursable Advisory Service agreements with 11 countries in the region for a total amount of $45 million.
“Under a new deal to be signed, Russia is expected to provide a $300 million loan to extend the NPP’s service life,” Yervand Zakharyan said.
Partner news