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BMW with top quarterly report

BMW 5 Series, the flagship BMW 7 Series and BMW X models have the largest contribution to the positive result of the concern. BMW released official information on the results from the first quarter of 2011. The evidence suggests that the company's revenue grew by 28.9% and reached 16.037 billion (2010: 12.443 billion). The financial results for first quarter pre-tax (EBIT) rose to 1.902 billion (2010: 449 million) and profit before tax (EBT) amounted to 1.812 billion (2010: 508 million) net profit from them - 1.212 billion (2010: 324 million).
For the first three months of 2011, sold 321,175 vehicles BMW, which is 20.8 percent more than in the previous year. The new BMW 5 Series, the flagship BMW 7 Series and BMW X models have the largest contribution to this result.
The increase in MINI sales was 22.9%. For the period January to March are generally sold 60,860 cars of this brand. Especially popular among customers is the fourth model of the brand MINI Countryman, whose sales for the period were 16,078.
In the first quarter sales of Rolls - Royce grew more than twice and 723 (2010: 279 cars). The largest share in the realization of a model with 566 Ghost car. The positive trend in almost all markets. In Europe, growth in sales of new cars BMW, MINI and Rolls-Royce is 13.0% or a total of 200,088 cars. In different countries: Germany - 9%, UK 21.7%, Italy 7%, France 13.5%, etc. The number of newly registered cars in North and South America is 17.3 percent higher than the same period the previous year and amounted to 71,257 cars. The sales increased in Asia by 53% to 90,148 cars, 58,706 of them are sold on Chinese market, which registered growth of 71.6%.
"BMW Group started the new financial year well. Achieved record revenue and sell more cars than ever", said Norbert Reithofer, the Chairman of the Board of Directors of the BMW Group in the presentation of results.
"BMW Group is on track to achieve new record sales volume of new cars within a year. Our goal is to realize at least 1.5 million cars, achieving the highest sales for our three marks BMW, MINI and Rolls-Royce",, he added.