BMW has a strong finish for 2009

BMW suprised the markets with a bullish finish to the year, declaring a full year revenue in 2009 of €50.681 billion (A$78.77 billion), a drop of 4.7% vs. 2008.

This result is for all group operations and represents a 4.7% drop on 2008 revenues but a strong performance considering market conditions across all sectors the group is involved in. The automotive division revenue dropped 10.3% to 43.74 billion. Cost cutting measures and other efficiencies across the rest of the group were responsible for limiting the overall group revenue drop to just 4.7% vs. 2008.