BMW posts flat profits as investments erode automotive margins

BMW said third-quarter earnings before interest and taxes (EBIT) was 2.38 billion euros (USD 2.64 billion), in line with the 2.37 billion euros consensus estimate in a Reuters poll.

November 04, 2016 / 12:29 PM IST

BMW posted flat third-quarter operating profit on Friday as investments in new technologies to cut pollution and increase safety ate into profits from sales of its premium cars.

BMW said third-quarter earnings before interest and taxes (EBIT) was 2.38 billion euros (USD 2.64 billion), in line with the 2.37 billion euros consensus estimate in a Reuters poll.

The return on sales at BMW's automotive division fell to 8.5 percent from 9.1 percent a year earlier, the company said on Friday, marking the 26th consecutive quarter automotive profits have been within its target range of between 8 percent and 10 percent.

Tags: #BMW #EBIT #International Results #investments #operating profit #pollution #sales

first published: Nov 4, 2016 12:29 pm

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BMW posts flat profits as investments erode automotive margins

BMW said third-quarter earnings before interest and taxes (EBIT) was 2.38 billion euros (USD 2.64 billion), in line with the 2.37 billion euros consensus estimate in a Reuters poll.