Zipse to assume new role on 16 August 2019
Munich. Oliver Zipse will assume the role of Chairman of the Board of Management of BMW AG effective on 16 August 2019. The company’s Supervisory Board made this decision today during its meeting in Spartanburg, South Carolina (USA). Zipse will succeed Harald Krüger, who informed the Chairman of the Supervisory Board at the beginning of July that he would not seek a second term of office. Krüger will resign as Chairman and will leave the Board of Management by mutual agreement on 15 August 2019.
“With Oliver Zipse, a decisive strategic and analytical leader will assume the Chair of the Board of Management of BMW AG. He will provide the BMW Group with fresh momentum in shaping the mobility of the future,” said Dr Norbert Reithofer, Chairman of the Supervisory Board of BMW AG. Zipse, the designated Chairman of the Board of Management, has been a member of the Board of Management of BMW AG since 2015 and is currently responsible for the production division. He began his professional career in the company in 1991 as a Trainee and has since held various management positions, including as Managing Director Plant Oxford and Senior Vice President Corporate Planning and Product Strategy.
Record first half-year sales top 1.25 million, up 0.8% +++ Best-ever June for BMW: sales up 1.4% to total 203,523 +++ BMW brand sales up 1.6% in year to date: 1,075,959 delivered +++ BMW i3 sales increase 21.2% in first half-year +++ Significant customer interest in new MINI ELECTRIC +++ Nota: “Positive impact of our model roll-out is clear”
Munich. BMW Group sales continued their positive trend in June: worldwide deliveries were up 0.7% on the same month last year, with a total of 240,674 premium BMW, MINI and Rolls-Royce vehicles sold. This brings the company’s total sales for the year to date to 1,252,837 (+0.8%), the first time the company has sold more than 1.25 million vehicles in the first half of the year. This sales growth was achieved despite ongoing volatility in several markets around the world.
“Our model rollout is clearly having a positive impact on our sales result, with our exciting new vehicles getting very positive feedback from customers. In the first half year, we were able to counter the trend and grow sales above market, thereby gaining further market share,” said Pieter Nota, member of the BMW AG Board of Management responsible for Customer, Brands and Sales. “For the first time ever, we have delivered more than 1.25 million vehicles in the first half of the year. Our new X family vehicles are more popular than ever, with sales up 23.1% compared to the first half of last year. And as we saw at our #NEXTGen event in June, where we celebrated six innovative world premieres, there is plenty more to come.”
The Chairman of the Supervisory Board has complete respect and understanding for his decision +++ Krüger: “I would like to pursue new professional endeavours”
Munich. The Chairman of the Board of Management of BMW AG, Harald Krüger, gave notice today that he will not seek a second term of office. The Chairman of the Supervisory Board, Dr Norbert Reithofer, has complete respect and understanding for his decision. The Supervisory Board will address the matter of a successor during its next meeting on 18 July 2019. Until a decision has been made, Harald Krüger will hold his position as Chairman of the Board of Management.
“The BMW Group has been my professional home for more than 27 years. After more than ten years in the Board of Management, more than four of which as the CEO of the BMW Group, I would like to pursue new professional endeavours and leverage my diverse international experience for new projects and ventures,” said Krüger. “Over the last years, the automotive industry has been shaped by enormous changes, which have brought about more transformation than in the previous 30 years. This has demanded tremendous efforts from every employee within the company. For their outstanding commitment, I would like to personally thank each and every one of them. It has always been a true honour for me to work with this tremendous team and to set the BMW Group on a path towards a successful future during the most significant transformation of this industry.”
Balanced Sales Distribution in all major regions.
BMW Group sales volume in Q1-2019.
MINI brand: 84,820
Rolls-Royce brand: 1,206
AUTOMOTIVE DELIVERIES BMW GROUP.
BMW, MINI & ROLLS-ROYCE.
Global Growth 0.1% as of 31 March 2019.
SALES VOLUME OF AUTOMOBILES in Q1-2019.
CO2 EMISSIONS OF BMW GROUP AUTOMOBILES (EU-28).
EBIT MARGIN AUTOMOTIVE SEGMENT.
BMW GROUP long-term TARGET 8-10%
EBIT automotive segment 7,863 mn. €
EBIT automotive segment 6,182 mn. €
EBIT automotive segment -310 mn. €
CAPITAL EXPENDITURE RATIO.
BMW GROUP TARGET <5%
Capital expenditure* 4,688 mn. €
Capital expenditure* 5,029 mn. €
Capital expenditure* 999 mn. €
RESEARCH & DEVELOPMENT RATIO (HGB).
BMW GROUP long-term TARGET 5-5.5%
Research and development expenditure (HGB) 6,108 mn. €
Research and development expenditure (HGB) 6,890 mn. €
Research and development expenditure (HGB) 1,353 mn. €
DIVIDEND FOR THE FINANCIAL YEARS 2015 – 2018.
(PER ORDINARY STOCK IN €)
OUTLOOK FOR THE BMW GROUP IN 2019.
Outlook in accordance with DRS 20.
|Key performance indicators||In line with last year's level||slight increase||solid increase||significant increase|
|Relative numbers||[-0.9 pp/+0.9 pp]||
[+1.0% pp/+4.9 pp]
|[+5.0 pp/+9.9 pp]||
|Key performance indicators||In line with last year's level||slight decrease||moderate decrease||significant decrease|
|Relative numbers||[-0.9 pp/+0.9 pp]||
[-1.0% pp/-4.9 pp]
|[-5.0 pp/-9.9 pp]||