BMW says weak dollar dents 2003 revenues


FRANKFURT, Jan 27 (Reuters) - German luxury carmaker BMW said on Tuesday its revenues fell 2.1 percent last year to 41.525 billion euros ($52.26 million) as the weak dollar took its toll on revenues.

That was slightly more than the average forecast of analysts who according to Reuters Research had expected a sales number of 41.15 billion euros. Adjusted for the impact of currency fluctuations sale rose more than four percent, BMW said in a letter to shareholders.

The Munich-based group repeated that it expected 2003 pretax profits to match 2002's level of 3.3 billion euros and reiterated that it again expects higher unit sales in 2004.



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