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Bmw surprised with financial result

The largest producer of luxury cars in the world - the German BMW, announced that for 2009 and net profit amounted to 210 million euro, writes Bloomberg. The result is 120 million less than the announced for 2008, the agency stated. However, the reported financial result is better than the forecasts of analysts who predicted profit to 167 million. The Revenues of the company with a fall of 4.7% to 50.7 billion dollars, compared with a forecast for 49 billion. After the data the company's shares rose by 99 cents, or 3.1 percent to 33.26 euros. The predictions were for less than the financial results of BMW, but the good news from the company gave great start of European session.
The financial report of BMW was expected from the analyzers last days.