BMW Group posts record earnings for 2006

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BMW Group posts record earnings for 2006

Profit before tax up by 25.5% to euro 4,124 million+++ Net profit improved by 28.4% to euro 2,874 million+++ Dividend on common stock to be raised by 9.4%+++

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http://www.bmwgroup.com/bmwgroup_pr...up_prod/e/0_0_www_bmwgroup_com/home/home.html

 

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Some important facts:

The profit before tax increased by 25.5% to euro 4,124 million (2005: euro 3,287 million). This includes a one-off gain of euro 372 million arising on the par-tial settlement of an exchangeable bond on shares in the British aero engine manufacturer, Rolls-Royce plc. At an operating level (i.e. excluding the excep-tional gain on the bond), the pre-tax profit improved by 3.0%.

The net profit climbed by 28.4% to reach a new all-time high level of euro 2,874 million (2005: euro 2,239 million). Earnings per share rose to euro 4.38 (2005: euro 3.33) per share of common stock and to euro 4.40 (2005: euro 3.35) per share of preferred stock. Group revenues increased by 5.0% to euro 48,999 million (2005: euro 46,656 million) on the back of a strong sales volume performance and continued strong growth in the financial services business. The pre-tax return on sales at a group level rose to 8.4% (2005: 7.0).