A place for vision: the BMW Group.
Rethinking mobility: the BMW Group.
A new way of working: the BMW Group.
A member of society: the BMW Group.
A place for vision: the BMW Group.
+++ Zipse: “Proven strengths, future-oriented technologies and NEUE KLASSE as a recipe for success” +++ EBIT margin for 2023 expected within 8-10% range +++ High demand: 15% BEV share in 2023 +++ Dynamic BEV growth in coming years +++ Double-digit growth in high-end segment in 2023 +++ Further decrease in CO₂ emissions planned for 2023 +++ Concrete outlook for NEUE KLASSE – plants, models +++ More details on NEUE KLASSE at IAA Mobility +++
Munich. With the prospect of profitable growth in a persistently challenging business environment, combined with a very dynamic increase in sales of electric vehicles, the BMW Group is looking ahead to financial year 2023, with tailwinds from last year's success — based on highly attractive and technologically outstanding products. The company is taking this momentum into the home straight as it prepares for the launch of its next product generation, the NEUE KLASSE, in two years. The proven strengths of the present and the focus on future-oriented technologies will lay the foundation for the success of this future product generation.
The main growth drivers in 2023 will be fully-electric (BEV) vehicles and models from the high-end premium segment — such as the new BMW 7 Series, the updated BMW X7 and the Rolls-Royce model family. In this upper segment, the BMW Group expects growth in the mid-double-digit percentage range for the current financial year, with BEV models even likely to grow in the high double-digit percentage range. Overall, the BMW Group expects its deliveries to customers worldwide to increase slightly in the Automotive Segment in 2023.
+++ Nicolas Peter to retire in May +++
Munich. The Supervisory Board of BMW AG appointed Walter Mertl (49) as the new Board of Management member responsible for Finance during its meeting today. He takes over from Nicolas Peter (60), who will retire after the Annual General Meeting on 11 May 2023.
“The BMW Group has been very fortunate to have such a strategic CFO with Nicolas Peter,” said Norbert Reithofer, Chairman of the Supervisory Board of BMW AG. “Over the past, highly volatile years, the company profited from his profound expertise and exceptionally sound judgement. Nicolas Peter deserves our utmost thanks for his three decades of successful management shaped by his vision and entrepreneurial spirit: He has displayed tremendous leadership qualities while playing an instrumental role in shaping the development of the BMW Group, using his extensive knowledge of the company and its operating environment. His efforts secured the company’s excellent reputation in the capital markets and with the broader public. The company owes Nicolas Peter a debt of gratitude for major advances in its transformation – while, at the same time, remaining focused on its long-term profitability.”
+++ High Group EBT: € 23.5 billion – EBT margin: 16.5% +++ Automotive EBIT: € 10.6 billion – EBIT margin on target at 8.6% (excluding effects of BBA full consolidation: 11.2%) +++ Strong free cash flow (automotive): € 11.1 billion +++ CO2 emissions of EU new vehicle fleet at 105.0 g/km (WLTP) – well below applicable emission target (127.5 g/km) +++ Dividend of € 8.50 per share of common stock proposed +++ Zipse: “We achieved solid performance under volatile conditions” +++
Munich. The BMW Group met its targets for 2022, as forecasted, and thus delivered a strong operating performance in a difficult business environment. The premium manufacturer significantly increased Group EBT (€ 23,509 million/ +46.4%) and net profit (€ 18,582 million/ +49.1%) from the previous year. This positive development can be attributed to improved pricing and positive product-mix effects, as well as the full consolidation of the Chinese joint venture, BMW Brilliance Automotive Ltd. (BBA). The latter also made a large cash contribution (€ 5,011 million) on 11 February 2022 to a significantly higher free cash flow of € 11,071 million in the Automotive Segment.
Rising sales of fully-electric models, which were up 107.7% in 2022, accounted for 9% of deliveries in 2022 and helped further lower the CO2 emissions value of the new vehicle fleet in the EU. Based on preliminary calculations, this figure came in at 105.0 grams of CO2 per km (WLTP). This represents a decrease of (-)9.4% – significantly outperforming the value for the previous year and the applicable emissions target by 22.5 g/km (prev. yr.: 115.9 g/km). The BMW Group is forging ahead with electrification of its product lineup and aims to raise the share of fully-electric vehicles in its total deliveries to 15% this year.
BMW Group key figures.
Who we are.
The BMW Group company profile.
The special fascination of the BMW Group not only lies in its products and technology, but also in the company’s history, written by inventors, pioneers and brilliant designers. Today, the BMW Group, with more than 30 production and assembly facilities as well as a global sales network, is the world’s leading manufacturer of premium automobiles and motorcycles, and provider of premium financial and mobility services.
Production today and tomorrow.
The BMW Group sets trends in production technology and sustainability as an innovation leader with an intelligent material mix, a technological shift towards digitalisation and resource-efficient production. At the same time, flexibility and continuous optimisation of value chains ensure competitiveness.
Sustainability: the guiding principle for all our actions.
Long-term thinking and responsible action are the basis of economic success. Ecological and social sustainability, comprehensive product responsibility and a clear commitment to conserving resources are therefore an integral part of our strategy.
Five BMW Group milestones.
BMW can trace its roots back to Karl Rapp and Gustav Otto. In 1916, the Flugmaschinenfabrik Gustav Otto company had merged into Bayerische Flugzeug-Werke AG (BFW) at government behest. Elsewhere, in 1917, the Rapp Motorenwerke company became Bayerische Motoren Werke GmbH, which was duly converted into an AG (public limited company) in 1918. BMW AG subsequently transferred its engine construction operations – including the company and brand names – to BFW in 1922. The date of BFW’s founding, 7 March 1916, has therefore gone down in history as the foundation date of Bayerische Motoren Werke AG.
Discover historyBMW announced its first motorcycle, the R 32, to great excitement in 1923. Until then the company had only supplied engines rather than complete vehicles. The basic concept of the original BMW Motorrad model – a boxer engine with longitudinally positioned cylinders and shaft drive –continues to be employed in the company’s motorcycles to this day.
Discover historyBMW's first post-war automobile was the 501, built from 1952 onwards. A large saloon capable of seating up to six people, it was powered by an enhanced version of the six-cylinder engine used in the pre-war BMW 326. As a luxury car, the BMW 501 was not a commercial success, but it nevertheless restored BMW's status as a manufacturer of high-quality cars.
Discover historyThe Rosslyn plant near Pretoria, South Africa, became the first production location outside of Germany for the modern BMW Group. In 1972, the BMW Board of Management decided to take over the entire Rosslyn facility constructed by the local importer. Assembly of the Glas 1800 SA model had started in 1967 and was later followed by the BMW 2000 SA. After major investments, production of BMW 3 Series vehicles was launched there at the beginning of 1984.
Discover historyStrategy Number ONE aligns the BMW Group with two targets: to be profitable and to enhance long-term value – from a technological, structural and cultural perspective. The mission statement up to the year 2020 is to become the world’s leading provider of premium products and premium services for individual mobility.
Discover history- 1916
- 1923
- 1951
- 1972
- 2007
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