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Better living through biologically-inspired optimization

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Both spoke after BMW unveiled a third quarter pretax profit that rose 6.3 pct to 765 mln eur, a sub consensus figure compared with the 28 pct growth forecast of analysts polled by Thomson Financial News. Ganal said the company wants to switch to using the EBIT figure as its key financial benchmark. BMW has traditionally not disclosed the EBIT figure in its quarterly results but only the pretax profit, which this quarter was also heavily burdened by weak financial results. Ganal said at the same telephone conference that the company booked at 135 mln eur writedown from its derivative instruments compared with the 77 mln charged in the same quarter last year....
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