A quarterly decline but better than expected for the BMW Group. The German automaker closed the first quarter of the year with revenues of 17,5 billion euros, a decrease of 4,1% compared to the same period of 2012. Ebit fell by 4,5% to 2,04, 1,82 billion euros against the 3,7 billion estimated by analysts. Net income marked a drop of 2% to XNUMX billion euros.
"We expect that even in the coming months there will be no reversal and that the situation of the economy will remain challenging" said chairman of the management board, Robert Reithofer, who predicts that in Europe the market should continue to decline this year and touch the lows since the beginning of the 90s with the debt crisis which will continue to show its effects for several years to come. The group intends to counter these difficulties with greater internationalization and new models: in 2013 alone it will present 11. On the Frankfurt Stock Exchange, BMW shares mark a gain of almost 2% thanks to better results than analysts' expectations.
