BMW Group targets another record year in 2012
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|• New highs forecast for sales volume and earnings|
• EBIT margin of 8 to 10% targeted in Automotive segment
• Sales volume of over two million vehicles planned for 2016
The BMW Group is confident about the current financial year after a record year in 2011. 'We are targeting new highs in sales volume and pre-tax earnings for 2012', stated Norbert Reithofer, Chairman of the Board of Management of BMW AG at the Annual Accounts Press Conference in Munich on Tuesday. The Automotive segment remains on course to achieve an EBIT margin of between eight and ten percent, in line with our long-term profitability targets. Provided that the global economic climate does not take a turn for the worse, the BMW Group forecasts an EBIT margin in 2012 for the Automotive segment at the upper end of this corridor. 'We are starting the new year with a full order book and a highly attractive model range. The BMW Group plans to grow faster than the market as a whole in 2012 and expects to achieve new sales volume records for its BMW, MINI and Rolls-Royce brands' continued Reithofer. One important driver for growth will be the new BMW 3 Series, the sedan version of which has been available worldwide since 11 February 2012.