India, March 20 -- German auto giant BMW Group (BMW.L, BAMXF.PK, BAMXY.PK) reported Wednesday that its fiscal 2018 Group net profit amounted to 7.21 billion euros, down 16.9 percent from last year's 8.68 billion euros. In the previous year, net profit was exceptionally high due to valuation effects of around 1 billion euros arising in connection with the US tax reform.
At 9.82 billion euros, Group profit before tax in 2018 was down 8.1 percent. EBT margin was 10.1 percent, down from 10.9 percent a year ago, but exceeded the target value of ten percent.
Group revenues were 97.48 billion euros, down 0.8 percent from last year's 98.28 billion euros. Adjusted for currency factors, revenues increased by 1.2 percent.
Deliveries of the BMW Grou...