A place for vision: the BMW Group.
Munich. In the first quarter of the financial year 2017, the BMW Group achieved a profit before tax of € 3,005 million (2016 Q1: € 2,368 million / +26.9%). This result exceeds current market expectations and was driven in particular by positive valuation effects.
The significant increase of the profit before tax was largely due to the following effects in the financial result:
- A positive valuation effect of € 183 million in connection with the participation of new investors in the mapping service HERE
- An increase in the other financial result of € 122 million, driven mainly by valuation effects
- A higher profit contribution from the Chinese joint venture BMW Brilliance Automotive Ltd
Group revenues totalled € 23,448 million in the reporting period, an increase of 12.4% compared with last year’s figure of € 20,853 million.
169,073 vehicles delivered worldwide in February, up 3.1% ++ BMW sales up 3.0%, totalling 147,789 ++ MINI sales grow 3.2% to 21,045 ++ BMW Group sales in first two months up 4.9% to 332,369 ++ BMW electrified models more than double in year-to-date ++ Sales growth achieved in all world regions
Munich. BMW Group sales grew further in February, reaching a new all-time high level of 169,073 vehicles delivered worldwide, an increase of 3.1% compared with the same month last year. With its three premium brands, BMW, MINI and Rolls-Royce, the BMW Group has sold a total of 332,369 vehicles since the beginning of the year, up 4.9%.
“The first two months of the year have seen growth in all major sales regions, despite the model change-over of the 5 Series,” said Dr Ian Robertson, Member of the BMW AG Board of Management with responsibility for Sales and Brand BMW. “February was an important month for us, with the market launch of the new BMW 5 Series. Initial sales of this benchmark car are strong and we’re confident that this model in particular will ensure increasing momentum as the year continues,” he added.
Product offensive: BMW Group to launch 40 new or revised models by end of 2018 ++ Luxury segment: sales volume to grow significantly by 2020 ++ More electric mobility: focus on flexibility ++ Targets for 2017: Slight rise in Group profit before tax, automotive segment sales volume and revenues ++ 2016: Best-ever revenues and earnings figures ++ Krüger: “Clear focus on the needs of our customers”
Munich. After reporting best-ever revenues and earnings figures for the seventh year in succession, the BMW Group intends to continue its course of sustainable and profitable growth, while also expanding its role as innovation leader. The company’s core business will be strengthened by the targeted addition of new models and continued work on the strategic areas of electric mobility and automated driving.
“Once again, we are targeting record sales volume, revenues and earnings in 2017,” stated Harald Krüger, Chairman of the Board of Management of BMW AG in Munich on Tuesday. The BMW Group forecasts a slight increase in Automotive segment deliveries to customers in the current financial year, which would result in a corresponding growth in segment revenues. Group profit before taxes is also expected to improve slightly.
254,862 vehicles delivered worldwide in March, up 5.9% ++ BMW sales increase 5.3%, totalling 212,093 ++ MINI sales grow 8.7% to 42,447 ++ BMW Group sales in first quarter up 5.3% to 587,237 ++ More than half a million BMWs sold in first quarter ++ Almost 20,000 electrified models sold in first quarter ++ Sales growth achieved in all major sales regions
Munich. BMW Group sales achieved their best ever March, with sales in the month totalling 254,862, a 5.9% increase year-on-year. It was also a record first quarter with sales of the BMW Group’s three premium brands, BMW, MINI and Rolls-Royce, increasing by 5.3%; a total of 587,237 vehicles have been delivered to customers around the world so far this year.
“We’ve achieved a strong start to the year, with our X-family models and the BMW 7 Series being the main growth drivers,” commented Dr Ian Robertson, Member of the BMW AG Board of Management with responsibility for Sales and Brand BMW. “March was the first full sales month for the new BMW 5 Series Sedan and the customer feedback for this benchmark car is already very positive,” he continued. “Our electrified models also continue to show extremely strong growth, with almost 20,000 sold in the first quarter, meaning we’re on track to achieve our target of 100,000 electrified vehicle sales this year. As we start the biggest model offensive the company has ever undertaken, I’m confident 2017 will be another record year for the BMW Group, retaining our leading position in the industry,” he added.
BMW Group key figures (2016).
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.
The diverse world of the BMW Group: selected examples.
BMW Group Designworks USA.
Design consultancy with a focus on mobility and product design: Designworks handles everything from ballpoint pens to luxury yachts – gaining comprehensive insights into the world of brands, companies and consumers. This diversity also benefits the BMW Group. The design studio is responsible for repeatedly challenging and inspiring BMW, MINI and Rolls Royce teams with external perspectives.
Environmental wind tunnel, Research and Innovation Centre, Munich.
The BMW Group is committed to vehicle safety. The operational and road safety of our vehicles must therefore be assured in all weather conditions. Practically all relevant environmental situations can be simulated in the modern environmental wind tunnel at the BMW Group’s Munich Research and Innovation Centre – from wind speeds up to 250 km/h to extreme temperatures of minus 20 degrees Celsius. As well as enhancing vehicle safety, this also allows fuel economy and emissions of future model generations to be optimised.
Innovative robot systems at Plant Spartanburg.
Until recently, final assembly was one of the few areas with only limited use of robots. That was until BMW Group Plant Spartanburg installed the first lightweight robots on its door assembly line. These innovative production systems significantly improve everyday working conditions for staff – because the well-being of its employees is top priority for the BMW Group.
Vehicle collection at BMW Welt Munich.
With its ground-breaking architecture, BMW Welt is the heart of all BMW Group brands – BMW, with its BMW M and BMW i sub-brands; MINI; Rolls-Royce Motor Cars; and BMW Motorrad. Its exhibitions and new vehicles delivery are highlights for automobile fans from around the world. Visitors can enjoy a varied programme of events and sample the culinary delights of its several restaurants. Children and teenagers can participate in tours and workshops at the Junior Campus.