FRANKFURT, August (Reuters) - BMW <BMWG.DE> stuck to its outlook even as second quarter earnings fell 48%, hit by the rising cost of manufacturing, currency headwinds and emissions limits.
BMW said its earnings before interest and taxes (EBIT) fell to 2.79 billion euros (£2.54 billion) in the second quarter.
The Munich-based company said the operating margin at its automotive division fell to 6.5%, down from 8.6% a year earlier, despite a 1.5% rise in vehicle sales during the same period.
BMW reiterated that it expects a significant decrease in group profit before tax in 2019 as well as a slight increase in vehicle deliveries, and an EBIT margin of between 4.5% to 6.5% in the automotive division.
(Reporting by Edward Taylor; Editing by Thomas Seythal)
