German luxury car maker BMW has beaten market forecasts by reporting better than expected second-quarter earnings owing to an increase in deliveries of new models.
Pre-tax profits accelerated 33% to €1.23 billion, while turnover came in at just under €13.2 billion, up 8.5%.
BMW said it was on track to make record full-year pre-tax profits of €4 billion, up from €3.3 billion in 2005 when high raw materials prices hit earnings.
Deliveries of models under the BMW umbrella, including BMW, Mini and Rolls-Royce, rose 3.2% to 365,547.
