BMW Q1 profit beats estimates
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Munich
BMW AG, the world's biggest maker of luxury cars, reported first-quarter profit that beat analysts' expectations as demand jumped in the US and Europe for models such as the X5 sport utility vehicle.
Earnings before interest and taxes increased 21 per cent from a year earlier to 2.52 billion euros (S$3.76 billion), Munich-based BMW said on Wednesday in a statement. That exceeded the 2.2 billion-euro average of 10 analyst estimates compiled by Bloomberg. Revenue jumped 15 per cent to 20.9 billion euros.
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