BMW expects good figures to continue in 2012

FRANKFURT : German luxury carmaker BMW expects its core segment's profit margin for next year to exceed its 8-10 percent

Published July 16, 2011 Updated July 16, 2011 04:11pm

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By Muhammad Iqbal

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"This is thoroughly possible if basic conditions are positive," Friedrich Eichiner told Boersen-Zeitung on Saturday.

The company's automotive segment is aiming for an EBIT (earnings before interest and tax) margin of 8-10 percent for next year and forecasts it at more than 10 percent for this year.

BMW last week raised its profit target for 2011 thanks to booming sales in China as German auto companies prove quicker than rivals at tapping into growth in emerging markets.

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