BMW's new chief executive delivered a 33% third-quarter operating profit ri...
) new chief executive delivered a 33% third-quarter operating profit rise as stronger sports utility vehicle sales and the absence of the one-off factors which depressed earnings a year earlier lifted its earnings.
The Munich-based company said its earnings before interest and taxes rose to 2.29 billion euros , up from 1.72 billion euros in the year-earlier quarter and ahead of the 2.16 billion euros forecast in a Refinitiv poll. BMW said in March it expects a significant fall in group pretax profit, a slight increase in vehicle deliveries, and an EBIT margin of between 4.5% and 6.5% in the automotive division, an outlook it reiterated on Wednesday.
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