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Article: Successful 2003 Financial Year for the BMW Group; New Sales Volume Highs for All Brands, 3,000 New Jobs Created.
- Article from:
- PR Newswire
- Article date:
- January 27, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MUNICH, Germany, Jan. 27 /PRNewswire/ -- The BMW Group has continued to perform well in 2003, keeping inline with its plan. With 1,104,916 BMW, MINI and Rolls-Royce Motorcars sold, the Group achieved a new sales volume record and surpassed the previous year's (2002) record of 1,057,344 units by 4.5%. As a result of the lower US dollar exchange rate, revenues fell by 2.1% to 41,525 million euros (2002: 42,411 million euros). Excluding the effect of exchange rate changes, revenues grew by more than 4%. The BMW Group was therefore able to strengthen its international position despite the difficult economic conditions facing some of the world's automobile markets.
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