BMW posts forecast-beating Q4 profits at car ops
FRANKFURT, March 14
FRANKFURT, March 14 (Reuters) - BMW, the world's largest premium carmaker, reported forecast-beating quarterly results at its core auto business and reaffirmed on Thursday group car sales would reach a new record high this year.
BMW said earnings before interest and tax (EBIT) at its Automobile segment rose by a third to 2.08 billion euros ($2.69 billion) in the fourth quarter, equivalent to a margin of 10.6 percent.
A Reuters poll showed analysts had forecast 1.76 billion euros and a margin of 9.2 percent.
($1 = 0.7722 euros) (Reporting By Christiaan Hetzner, editing by Harro ten Wolde)
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