BMW raised its 2010 pretax profit and sales outlook, citing improving conditions on international automotive markets.
The German carmaker said on Tuesday it now sees 2010 pretax profit to rise more sharply than previously forecast, with sales rising by around 10% to more than 1.4 million units, compared with its previous forecast for a single-digit increase.
BMW raises 2010 outlook as auto markets recover
The company now sees its EBIT margin -- earnings before interest and tax as a percentage of revenues -- at more than 5% in its automobile business.
BMW had said last week it sold 13.7% more BMW brand vehicles last month, adding some automotive markets were recovering more quickly than expected.
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