FRANKFURT-- BMW AG, the German luxury car maker, reported a 4%
jump in first-quarter net profit on sharply higher sales, boosted
by strong demand in the U.S. and Europe as well as the euro's
weakness against the dollar.
The world's leading premium car maker by sales said on Wednesday
that net profit rose to EUR1.52 billion from EUR1.47 billion on a
15% rise in revenue to EUR20.92 billion. BMW's profit growth was in
line with analysts' forecasts while revenue was slightly better
than expected.
BMW has been warning of slower growth in China where sales rose
6.4%, well behind more robust markets in Europe, where BMW reported
an increase of 9.6%, and a nearly 13% increase in the U.S.
"We have got off to a good start in 2015," Chief Executive
Norbert Reithofer said in a statement.
The company said it is sticking to its existing forecast for
growth in revenue and pretax profit this year despite tough trading
conditions in Russia and less dynamic growth in China.
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