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BMW Group stepping up the pace


“Our industry is currently experiencing a phase of unprecedented technological change. At the same time, however, it needs to cope with the challenge of present-day volatilities. At the BMW Group, we think in terms of opportunities and follow a clear strategy. Because the future of mobility is created today. We are stepping up the pace in 2018 and targeting our ninth successive record year,” stated Harald Krüger, Chairman of the Board of Management of BMW AG in Munich on Wednesday. Despite major changes impacting the mobility sector, the one... Read More »

BMW Group reports eighth successive record year despite high upfront expenditure

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In line with its Strategy NUMBER ONE > NEXT, the BMW Group continues to play a leading role in transforming the mobility sector with its future-oriented ACES programme: Automated, Connected, Electrified and Services. “We can look back on the most successful year in our corporate history and have achieved record levels for revenues and earnings for the eighth year in succession,” stated Harald Krüger, Chairman of the Board of Management of BMW AG in Munich on Thursday. “Since 2016, we have taken numerous strategic decisions to further grow... Read More »

Porsche boosts revenue and profit by 25 percent


In early 2016, Porsche is already continuing the excellent results of the past year. “Porsche is also in the current year on a successful course”, said Blume. Deliveries in the first two months of the year increased to more than 35,000 vehicles. This represents 14 per cent growth over the prior year. Along with its sporty SUVs, the Macan and Cayenne, hopes also rest on the 911 sports car icon, the new 718 Boxster and 718 Cayman model line as well as the Panamera. Despite a positive start in 2016, Lutz Meschke, Deputy Chairman of the Executiv... Read More »

Titan Company’s income grows by 8.1 percent in a challenging year


Profit before tax for the company grew by 1 percent to Rs1,015.93 crore and net profit grew by 2.2 percent over the last year to Rs741.14 crore. The strength of the company’s brands contributed to sales growth across all retail formats of watches, jewellery and eyewear. The watch business of the company recorded an income of Rs1,790.80 crore, a growth of 6.9 percent. This was achieved through meticulous planning and execution of key initiatives. The income from the jewellery segment grew by 6.5 percent, crossing the Rs8,500 crore mark to ... Read More »

Porsche continues to create jobs and now employs over 20,000 individuals


Lutz Meschke, Member of the Executive Board Finance and IT of Porsche AG, underscored the earning power of the company reflected in the high return on sales of almost 18 percent. Meschke pointed out, though, that Porsche will have to bear substantially rising labor costs and write-offs due to the launch of the new Macan model range. “In addition to that, there are high expenditures for meeting the CO2 requirements and substantial investments in the build-out and modernization of the Zuffenhausen, Leipzig and Weissach locations,” Meschke continu... Read More »

Volkswagen Group makes a good start to 2014


The Volkswagen Group’s profit before tax amounted to EUR 3.4 billion (EUR 2.7 billion). The return on sales before tax rose from 5.8 percent to 7.0 percent. Profit after tax was EUR 2.5 billion (EUR 1.9 billion). “The Volkswagen Group has established a strong position in recent years. Our good start to the current fiscal year is an additional proof of this. We must now continue improving our position and maintain our successful course as part of the systematic implementation of our Strategy 2018”, said Prof. Dr. Martin Winterkorn, Chairman of t... Read More »

UK grocer Morrisons slashes profit expectations


Morrisons, which trails market leader Tesco, Wal-Mart's Asda and J Sainsbury in annual sales, said on Thursday it now expected an underlying pretax profit in 2014-15 in the range of 325-375 million pounds after charging 65 million pounds of new business development costs and 70 million pounds of one-off, non-recurring costs. Prior to Thursday's update analysts were on average forecasting an underlying pretax profit of 732 million pounds for 2014-15. The group also announced more investment in lower prices in response to the traction gaine... Read More »

Profit FK “Opening” for the year 2012 amounted to 1 billion rubles


Key performance indicators: Financial assets of the Corporation increased in 2012 by 36% to 326.9 billion rubles. The portfolio of loans to customers (before allowance for depreciation) amounted to 166.8 billion rubles. An increase of 21% compared with the end of 2011. Total securities portfolio (trading and investment) rose 35% to 76.0 billion rubles. Deposits and current accounts increased by 21% to 150.7 billion rubles. Capital Corporation has increased since 2012 by 73% to 27.9 billion rubles. Financial Corporation completed 2012 with... Read More »

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