BMW Encounters Biggest Profit in 2 and a Half Years
Even in the current economic setting, BMW AG has recorded it’s biggest profit in two and a half years thanks to the new 5 Series demands that went through the roof in China and in the U.S.
Even though analysts projected an estimated half million euro income for BMW, the biggest German luxury car manufacturer in the world registered 831 million, topping everyone’s expectations, be it from the management or not.
Europe has seen 25,000 units of the 5 Series being sold since it’s launch date in March. Deliveries in China doubled and went beyond, accounting for a total of 11 percent of the orders received by BMW. The U.S. didn’t get behind either, as it encountered an increase in orders by 6.4 percent.
Thanks to these spectacular developments, BMW shares also went up to 43.16 euros apiece, setting a new record since the year 2007. Now, BMW has a value of 27.5 billion euros. At the moment of this writing, BMW shares get very strong recommendations for buying by those interested. We think this is partly because BMW decided to raise it’s forecast because of the rise in sales, these being expected to increase by 10 percent.
