MUNICH (dpa-AFX) - The BMW Group (BMW.L, BAMXF.PK, BAMXY.PK) reported that its 2014 Group profit before tax increased by 10.3% to 8.71 billion euros from 7.89 billion euros. Net profit improved to 5.82 billion euros from 5.33 billion euros. Profit before financial result (EBIT) rose to 9.12 billion euros from 7.98 billion euros. Earnings per share was 8.83 euros, compared to 8.08 euros.
Group revenues increased by 5.7% to 80.40 billion euros from 76.06 billion euros. Sales volume was 2,117,965 units, compared to 1,963,798 units.
The Board of Management and the Supervisory Board of BMW Group will propose to shareholders at the AGM that the dividend be increased to 2.90 euros per share of common stock and 2.92 euros per share of preferred stock.
In view of the market launch of 15 new models or model revisions over the course of 2015, the BMW Group forecasts an increase in sales volume worldwide.
Copyright RTT News/dpa-AFX