BMW sees group revenues climb 1.8%

BMW Group has reported increased sales volume, revenues and group earnings in the second quarter and the first half of 2014.

Group revenues increased in the second quarter by 1.8% to reach €19,905 million (2013: €19,552m) for this three-month period. Business benefited perceptibly from an increase in sales volume, with exchange rate factors damping the scale of the increase in revenues.

EBIT rose by 26.0% to €2,603m (2013: €2,066m) on the back of an improved model and regional mix. Group profit before tax (EBT) climbed 30.9% to a new high of € 2,660m (2013: €2,032m). The pre-tax return on sales was 13.4% (2013: 10.4%). Group net profit climbed by 27.2% to € 1,771m (2013: € 1,392m).