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BMW says 2006 sales rose 5 percent

BMW says 2006 sales rose 5 percent

German automaker BMW AG said Friday that 2006 sales rose 5 percent to euro49 billion (US$63.59 billion), beating analysts' forecasts.
Analysts had forecast on average a 4.7 percent rise over 2005's euro46.7 billion.
The total number of BMW, Mini and Rolls-Royce brand vehicles delivered to customers increased 3.5 percent to 1,373,970 units, the company said.
"2006 has been the best financial year in the company's history," Chief Executive Norbert Reithofer said in a statement.
BMW reiterated its earnings target for fiscal 2006, saying that higher volumes and internal efficiency improvements should offset the adverse effects of foreign exchange rates and higher raw material prices.
"We remain confident that we will be able to post record pretax earnings of euro4 billion (US$5.19 billion) for 2006," Reithofer said.
BMW will publish earnings in March.
The company expects to sell more than 1.4 million cars in 2007.
BMW shares closed up 1.2 percent in Frankfurt at euro46.55 (US$60.05).


Updated : 2021-05-07 20:58 GMT+08:00