BMW reported record profits in 2012

BMW achieved a record profit of 5.1 billion euros in 2012, an increase of 4% over the previous year, announced the company today.

Norbert Reithofer emphasized in the presentation of BMW results that the German group "partially overcame the goals for 2012 in a market environment increasingly challenging." BMW compensated the weak demand in Europe with excellent results in China and the U.S.

Sales in 2012 increased 11% to a record of 1.845 million vehicles, up from 1.7 million planned by BMW, and turnover rose 11.7% to almost 77 billion euros.