BMW Q1 profits 18% down

12/05/2003

BMW's first quarter 2003 operating profits fell by 18 per cent to £597m. The downturn stems from increased new product investment and a 7 per cent dip in sales volume in April.

MINI sales were up 24% year on year during the month: BMW group sales declined by 4.6% to €10.3bn.

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