BMW sees profits increase 9%

BMW sees profits increase 9%

Record sales in 2014 helped BMW post a solid 9.2% increase in full-year profits.

The Munich-based car maker saw net profit rise to €5.82 billion, with strong demand from China, Britain and the US boosting earnings.

BMW’s 4-Series model saw sales jump eightfold, while the X5 increased sales by 37%.

Overall, the company sold 1.81 billion BMW-branded cars, which helped revenues rise 5.7% to the record €80.4 billion.

CEO Norbert Reithofer said “tailwinds caused by high customer demand for our vehicles worldwide are driving up sales volumes”.

The company raised its dividend to €2.90 per share from €2.60 for 2013.

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