German group records a pre-tax first-quarter profit of £435.6 million
6 May 2010

BMW Group has recorded a huge jump in earnings for the first quarter of 2010, with a pre-tax profit of £435.6 million.

This compares to 2009's first quarter, when the firm posted a pre-tax loss of £169.8m.

Revenue grew by 8.1 per cent to £10.67 billion (£9.869bn first quarter 2009) and the total number of BMW, Mini and Rolls-Royce cars sold increased by 13.8 per cent to 315,614 units, compared to 277,264 units in the first quarter of 2009.

Read Autocar's BMW 530d road test

Norbert Reithofer, BMW's chairman, said: "The BMW Group has made a good start to 2010. We increased earnings significantly in the first quarter and are now back on a growth course on almost all car markets.

With demand for premium vehicles rising and the recent launch of the new BMW 5-series, BMW expects that "earnings will grow dynamically over the course of the year".

The BMW brand grew by 13.8 per cent with sales of 265,809 units, while Mini grew by 13.6 per cent to sell 49,526 units. Rolls-Royce recorded its best-ever sales performance in the first quarter, with sales up by 60.3 per cent to 279 units.

Sarah Laughton

See all the latest BMW reviews, news and video

Join the debate

Comments
1

6 May 2010

You see what happens when you get rid of Bangle!

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • Citroën C3 Aircross
    First Drive
    17 October 2017
    It's got funky looks and a charming interior, but it's another small SUV, and another dynamic miss. Numb steering is just one thing keeping it from class best
  • Skoda-Karoq 2.0 TDI 4x4
    First Drive
    16 October 2017
    Diesel version of Skoda’s junior SUV is unobtrusive and undemanding, but we’d still go for the silkier petrol version of the Karoq
  • Audi Q7 e-tron
    First Drive
    16 October 2017
    Expensive and flawed but this understated diesel-electric Audi Q7 has a lot to offer
  • Citroën C3
    First Drive
    16 October 2017
    Is the third gen Citroën C3 ‘fresh and different’ enough to take on its supermini rivals? We spend six months with one to find out
  • BMW X3
    First Drive
    15 October 2017
    A satisfying rework of the X3 that usefully improves its handling, cabin finish, space and connectivity to make this BMW a class front-runner again