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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