UPDATE 2-BMW sees 2010 sales growth, confirms 2009 profit

* Confirms positive group pretax earnings in sight for 2009

* 2009 revenue down 4.7 pct to 50.68 billion euro

* Automobiles segment revenue down 10.3 pct

* Shares rise 2.5 pct, outperform car sector (.SXAP: )

(Adds quotes, details)

By Michael Shields and Christoph Steitz

FRANKFURT, Jan 29 (BestGrowthStock) – BMW (BMWG.DE: ), the world’s
biggest premium automaker, forecast a modest rise in car sales
this year and confirmed it expected a 2009 pretax profit despite
the global economic crisis.

“We fully intend to remain the world’s leading provider of
premium vehicles in 2010 and plan to increase sales within the
single-digit percentage range to over 1.3 million units,” Chief
Executive Norbert Reithofer said in a statement on Friday.

BMW, which is pinning special hopes on the latest version of
the 5 Series which hits the market in late March, forecast
record sales again this year in China, Brazil and India.

It said it expected to return to growth in the United States
this year.

The group whose brands also include Mini and Rolls-Royce
reiterated it expects a 2009 pretax profit thanks to cost
cutting and other efficiency measures that helped offset a 10.4
percent decline in sales to just under 1.29 million vehicles.

BMW said 2009 group revenue fell 4.7 percent to 50.68
billion euros ($71.2 billion). Revenue in its core automobiles
segment fell 10.3 percent to 43.74 billion.

DZ Bank analyst Michael Punzet said in a note to clients the
revenue figures beat expectations, but BMW’s comments on the
sales outlook struck him as “not really optimistic” and in line
with his assumption of a small increase.

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(Editing by David Holmes)
($1=.7122 Euro)

UPDATE 2-BMW sees 2010 sales growth, confirms 2009 profit