BMW 2005 revenue rises 5.2 pct to 46.66 bln euros

Newswire

FRANKFURT, Jan 25 (Reuters) - BMW's revenue rose 5.2 percent to a record 46.66 billion euros ($57.29 billion) in 2005, it said on Wednesday, reaffirming 2005 earnings would be around the same level as in 2004. Increased sales volume and efficiency gains had largely offset unfavourable exchange rates, high raw material prices and intense competition, it said. It added: "For the financial year 2005 we will therefore achieve approximately the previous year's high earnings level." The ...

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