BMW posts flat profits as investments erode automotive margins
1The rear view of the BMW 5 series
BMW posted flat third-quarter operating profit on Friday as investments in new technologies to cut pollution and increase safety ate into profits from sales of its premium cars.
BMW said third-quarter earnings before interest and taxes (EBIT) was 2.38bn in line with the 2.37bn consensus estimate in a Reuters poll.
The return on sales at BMWs automotive division fell to 8.5pc from 9.1pc a year earlier the company said on Friday marking the 26th consecutive quarter automotive profits have been within its target range of between 8pc and 10pc.
Read more:http://www.independent.ie/business/bmw-posts-flat-profits-as-investments-erode-automotive-margins-35187660.html
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