BMW Financial Services (BMW FS) revenue in the six-month period ending 30 June 2013 increased by 2.3% from the same period in 2012 to 9.9bn (£8.5bn) while pre-tax profit for the financial arm grew to 916m, an increase of 5.9% over H1 2012.
The positive financial results were aided by an increase in the number of new financing and lease contracts signed worldwide in the first six months of 2013; an increase of 11.7% over 2012 figures.
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While BMW FS posted improved results, overall BMW Group revenue for H1 2013 decreased by 1.1% to 37.1bn, leading to a decrease in pre-tax profit of 0.5% to 4bn, compared to H1 2012 figures.
The BMW FS portfolio grew by 11.7% over the first half of the year, adding 728,618 contracts to its book total of 3,986,306 financing and lease contracts (wholesale and retail) as of 30 June 2013, up 7.9% on the same date for 2012.
