BMW: Strong Demand From U.S. And China Power Q1 Earnings

By Labutes IR:Bayerische Motoren Werke (BAMXY.PK) released on Thursday, May 3, its first quarter 2012 earnings achieving the best first-quarter performance in BMW's history and beating analyst expectations.In the first quarter, revenues increased more than 14% to €18.3bn ($24bn) outpacing the 11% rise in deliveries. That figure rose at all the group brands (BMW, Mini and Rolls-Royce). At BMW brand, the 1-series and the SUV X3 were the two main models responsible for this performance with worldwide increases of 20% and 55% respectively in deliveries.By geography, the North American and Chinese markets continue to be the growth engines with an increase on deliveries of 16.5% for the US and 36.6% in China. In Europe deliveries remained flat, which in view of the current challenging economic outlook throughout most EU countries, represents a very resilient performance.BMW's EBIT increased 18% to €2.13bn ($2.8bn) resulting in an EBIT margin improvement to 11.7%Complete Story »