BMW reports motorcycle revenues down in Q1

A total 24,732 BMW motorcycles were sold worldwide in the first quarter of 2013, a 1.5 percent increase from the year-ago period. The profit before financial result (EBIT) in the segment improved 37.8 percent to €51 million ($67 million), and profit before tax grew 35.1 percent to €50 million ($65.7 million). Further sales volume growth is expected in the motorcycle segment through the remainder of the year.

Overall, the BMW Group’s first quarter revenues were down 4.1 percent to €17.5 billion ($23 billion). EBIT dropped 4.5 percent to €2 billion ($2.6 billion). Revenues and earnings in the Financial Services segment hit record levels. Revenue was up 0.6 percent to €4.8 billion ($6.3 billion), and profit before tax rose 3.5 percent to €449 million ($590.7 million).