BMW meets expectations

BMW’s 3Q results were in line with analysts’ expectations, with revenue down slightly (0.3 per cent) at 9.945 bn Euro and operating profit eight per cent higher than expected, at 762 million Euro.

On the positive side, the product mix improved, with increased volume for the 5-series and X5, while on the negative side, R&D costs increased as a percentage of sales, reaching 5.4 per cent..