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A German auto concern BMW shows excellent financial results

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A German auto concern BMW shows excellent financial results
August 03
08:00 2017

The Chinese help the German car industry. Due to the demand of residents of the Celestial Empire for luxury cars manufactured in old Europe, the revenue and profits of the German auto concern Bayerische Motoren Werke (BMW) have grown significantly.

Thus, in the second quarter of 2017, the profit growth was 13%. A press release prepared by the company’s management on the results of the reporting period informs investors about the amount of profit. It is estimated at 2.19 billion euros (for the same period last year, the profit totalled 1.94 billion euros).

The proceeds of the auto concern for the period from April to June this year have amounted to 25.8 billion euros. An increase as compared to the same period last year has totalled 3.1%.

In the Chinese market the sales have risen by a quarter. In Europe, the sales growth is not significant and has amounted to 0.4%. In the region that units North and South America, the sales of the German car company have fallen by 6.1% (largely due to the policy of the US authorities).

The leadership of BWM has made the forecast for 2017 fiscal year. According to it, the profit growth for the year should be around 10%.

The material was prepared with the participation of Andrey Majorov,
a leading analyst of the brokerage company CT Trade

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