The BMW Group (BMW.L, BAMXF.PK, BAMXY.PK) reported that its first-quarter profit before tax decreased 3.7 percent to 2.00 billion euros from 2.08 billion euros prior year. Group net profit was 1.31 billion euros compared to 1.35 billion euros last year. Profit before financial result, or EBIT, was 2.04 billion euros, compared to 2.13 billion euros prior year.
Group revenues decreased to 17.55 billion euros from 18.29 billion euros last year. The total number of BMW, MINI and Rolls-Royce brand vehicles delivered to customers worldwide in the first quarter were up 5.3% to 448,200 units from 425,528 units prior year.
Looking forward, the BMW Group said, it remains committed to targets for the full year. The Group continues to aim to increase sales volume worldwide compared to the previous year.
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