BMW Group, net profit up 11.5% to 1.5 billion

THE HOUSE OF MONACO

6 November 2019

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(REUTERS)

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BMW: Group net profit III quarter up 11.5% to 1.5 billion The German automotive group Bmw achieved a net profit up 11.5% in the third quarter to € 1.5 billion, driven by a favorable comparison with the data of 2018 and sales growing despite difficult market conditions “.

In the note released at the end of the BoD that approved the accounts, BMW confirmed that for 2019 a forecast of earnings before taxes “significantly lower” than the previous year, also considering that in the first 9 months of 2019 the gross result is down by 35% compared to the first nine months of the previous year. (Il Sole 24 Ore Radiocor Plus)

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