BMW: Strong 2011 Results Driven By U.S. And Chinese Markets
By Labutes IR:BMW (Bayerische Motoren Werke) AG (BAMXY.PK), the world's largest maker of luxury vehicles, reported today very strong results for the full year 2011, reaching a new record profit. These results were driven by strong end-markets in the U.S. and China and the new models 5 Series and the SUV X3. The sales of the new 5 Series, which was launched in late 2010, surged 46%. The new X3 saw its sales more than doubled on demand in China and the U.S. Since the beginning of the year, benefiting from the rally on equity markets and being a cyclical company, BMW rose 33.6% YTD. This return is better than the S&P 500 (SPY) with 7.5% YTD, Nasdaq (QQQ) 12.6% YTD return and even for the DAX (EWG) Index 15.5% return. However, over the same period BMW slightly underperformed its closest peer Daimler AG (DDAIF.PK) which rose 36% YTD. Volkswagen AG (VLKAF.PK),Complete Story »
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