May 2, 2013 / 5:42 AM / 4 years ago

BMW says Q1 EBIT falls 4.5 pct to 2 bln euros

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BERLIN, May 2 (Reuters) - Germany's BMW said first-quarter underlying group profit fell less than expected to 2 billion euros ($2.64 billion), as costly discounts in core European markets and weakening Chinese deliveries weighed on results.

Munich-based BMW reaffirmed its targets for 2013 to push vehicle sales to a new record, match last year's record group pre-tax profit and achieve an operating margin of between 8 and 10 percent in its key automotive division. ($1 = 0.7580 euros) (Reporting by Andreas Cremer; Editing by Christoph Steitz)

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