Krüger: Forward-looking approach has absolute priority +++ Key strategic decisions taken in recent months +++ Significantly higher upfront expenditure for R&D +++ Revenues and earnings for nine-month period at high levels +++ High volatility and intense competition +++ Outlook announced on 25 September confirmed
Munich. The BMW Group remains firmly committed to following its forward-looking strategy, despite the current challenging conditions. In line with its Strategy NUMBER ONE > NEXT, the BMW Group continues to invest extensively in tomorrow's technologies and is maintaining its steady course, despite highly volatile geopolitical and trade policy developments.
“Our forward-looking approach has absolute priority. Particularly in these volatile times, we are maintaining our focus on the future and taking the decisions that will lead to tomorrow's success," said Harald Krüger, Chairman of the Board of Management of BMW AG, in Munich on Wednesday. "We stand for trust and continuity. The BMW Group has more than 100 years of experience in dealing with transformation and volatility in a rapidly changing world. This is why we see challenging conditions as an opportunity to move forward and strengthen our position as market leader. We are implementing our strategy rigorously and investing extensively in the technologies of the future, despite today’s volatile environment," Krüger emphasised.
First place in current Universum and Trendence employer rankings
Munich. The BMW Group has once again earned top ratings in the Universum Young Professional Survey 2018 employer ranking published today, which polled professionals with one to eight years’ job experience. The company was again voted number one by business students (2017: number one) and number two (2017: number three) by engineers. It is particularly encouraging that the BMW Group came in third (2017: fifth) among IT specialists, behind only Google and Microsoft, and was the most popular automotive employer.
Milagros Caiña-Andree, member of the Board of Management of the BMW Group, responsible for Human Resources, was delighted with the results: “Word has clearly got out that we are an established company in the tech scene.” She added: “The profound change in our industry provides a historic opportunity for young talents to shape the mobility of the future – and that is something IT specialists are excited about, too.”
More than 200,000 vehicles delivered in October, up 1.7% +++ All three major sales regions contributed to year-to-date growth +++ BMW sales grow in October and year-to-date +++ BMW X3 sales more than double in October +++ Electrified sales up over 40% in year-to-date
Munich. The BMW Group has sold more cars in October than ever before in the month, despite the current challenging economic and political situation. The company delivered 200,883 vehicles to customers around the world, an increase of 1.7% on the same month last year. That result brings the company’s year-to-date sales total to 2,035,695, up 1.3% compared with the first ten months of the previous year.
“In a highly volatile environment, we have achieved steady sales growth both in October and the year to date,” said Pieter Nota, Member of the Board of Management of BMW AG responsible for Sales and Brand BMW. “Our clear focus remains on profitable growth during this unpredictable period, especially in Europe, where the market continues to experience significant pricing pressure following the introduction of the new WLTP testing procedure. Meanwhile sales of our electrified vehicles are up over 40% in the year to date. Around every fifth BMW 5 Series sedan or BMW 2 Series Active Tourer sold worldwide has a plug-in hybrid drivetrain, while our all-electric BMW i3 remains very successful with sales up over 10% in October,” Nota concluded.
Balanced Sales Distribution in all major regions.
BMW Group Automobiles as of 30 September 2018.
MINI brand: 265,935
Rolls-Royce brand: 2,659
AUTOMOTIVE DELIVERIES BMW GROUP.
BMW, MINI & ROLLS-ROYCE.
Global Growth 1.3% as of 30 September 2018.
SALES VOLUME OF AUTOMOBILES as of 30 September 2018.
CO2 EMISSIONS OF BMW GROUP AUTOMOBILES (EU-28).
EBIT MARGIN AUTOMOTIVE SEGMENT.
BMW GROUP long-term TARGET 8-10%
EBIT automotive segment 7,695 mn. €
EBIT automotive segment 7,863 mn. €
EBIT automotive segment 4,730 mn. €
CAPITAL EXPENDITURE RATIO.
BMW GROUP TARGET <5%
Capital expenditure* 3,731 mn. €
Capital expenditure* 4,688 mn. €
Capital expenditure* 2,889 mn. €
RESEARCH & DEVELOPMENT RATIO (HGB).
BMW GROUP long-term TARGET 5-5.5%
Research and development expenditure (HGB) 5,164 mn. €
Research and development expenditure (HGB) 6,108 mn. €
Research and development expenditure (HGB) 4,454 mn. €