German luxury carmaker BMW said today its pre-tax profit rose 1.5 per cent to €689 million in the third quarter, broadly in line with market expectations.
Sales in the period rose 19 per cent to €9.971 billion. The Munich-based firm said it expected a positive fourth quarter and said it was still on track to beat last year's record revenues and profits.
Germany's third-largest automaker had been expected to post a pre-tax profit of €692 million for the three months to end-September on sales of €9.6 billion, according to a Reuters poll of 19 analysts.
BMW changed to International Accounting Standards (IAS) this year. It only released official comparative figures for the third quarter with this year's result.