March 12, 2020 / 3:11 PM / a month ago

BMW full-year operating profit falls to 7.4 bln euros

FRANKFURT, March 12 (Reuters) - German carmaker BMW said its 2019 operating profit fell 17% but record demand for high-margin sports utility vehicles helped the carmaker offset higher research and development spending.

Full-year earnings before interest and tax (EBIT) fell to 7.411 billion euros ($8.26 billion), resulting in an operating margin in its automotive division of 4.9%, BMW said, pre-releasing figures before its annual press conference on March 18.

Thanks to record sales of 2.5 million vehicles in 2019, BMW said it would propose a divided of 2.50 euros per common share. ($1 = 0.8974 euros) (Reporting by Edward Taylor; Editing by Thomas Escritt and Douglas Busvine)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below