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SALES UP BUT PROFIT DOWN FOR BMW

BMW Motorrad’s 2016 first-quarter financial results were surprisingly mixed. 

Revenue of £459.6m was 2.6% up on the back of retail volume increasing by a previously reported 7.7%, to a record total of 33,788 motorcycles and maxiscooters delivered to customers worldwide. As usual, the brand’s best-sellers were R1200GS adventure-sport variants, accounting for 11,391 units. 

However, associated operating profit for this three-month period dropped sharply by 18.3% year-on-year, to £74.2m. Pre-tax profit finished at an identical figure, 17.5% down.

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