Year-to-date sales up in all major sales regions +++ BMW brand grows sales in July and year-to-date +++ July sales of BMW X3 increase 52.3% as China production ramps up +++ Over 70,000 electrified vehicles delivered in year to date
Munich. Worldwide sales of BMW Group vehicles continue to grow, with more vehicles delivered to customers last month than in any previous July. A total of 181,051 (+0.2%) BMW, MINI and Rolls-Royce vehicles were sold in the month, bringing year-to-date sales up to 1,423,565 (+1.6%).
“Our focus on sustainable, profitable sales growth is proving successful, as we continue to attract more customers than ever, despite the various headwinds currently affecting the industry,” said Pieter Nota, Member of the Board of Management of BMW AG responsible for Sales and Brand BMW. “Customer demand for our X vehicles continues to be very high and now we’ve increased production capacity by localising the BMW X3 in China and South Africa, we can already see the positive effect that additional availability has on sales. The continuing, growing demand for our electrified vehicles is also very pleasing, with deliveries of BMW i, BMW iPerformance and MINI Electric vehicles up by over 40% in the year to date,” Nota continued.
New plant for BMW models to be established near Debrecen, Hungary +++ Investments of approximately €1 billion +++ Full range of drive types from a single production line +++ Krüger: “Decision for new plant reaffirms perspective for global growth”
Munich. The BMW Group continues to expand its production network in Europe, with a new facility to be built in Hungary, close to the town of Debrecen. It will come at an investment of approximately €1 billion, offer capacity of up to 150,000 units a year and create over 1,000 new jobs.
“The BMW Group’s decision to build this new plant reaffirms our perspective for global growth. After significant investments in China, Mexico and the USA, we are now strengthening our activities in Europe to maintain a worldwide balance of production between Asia, America and our home continent,” said Harald Krüger, Chairman of the BMW AG Board of Management. “Europe is the BMW Group’s largest production location. In 2018 alone we are investing more than €1 billion in our German sites to upgrade and prepare them for electric mobility.”
Substantial upfront expenditure for mobility of the future +++ Footprint in China to be significantly expanded +++ Significant increase in deliveries of electrified vehicles +++ EBT Group margin within target range above 10% +++ Automotive segment EBIT margin within range of 8 to 10% +++ Strong free cash flow in first half of year +++ New plant in Europe underlines growth prospects +++ Krüger: Resolutely following our own path
Munich. The BMW Group invested substantially in the mobility of the future during the first half of the year, while at the same time firmly continuing on its course of profitable growth. Rigorous implementation of the Group’s Strategy NUMBER ONE > NEXT is playing a key role, as the company shapes the transformation of the automotive sector. Driving this process forward, the BMW Group always remains focused on the needs and desires of its customers and is continuing its ground-breaking work on the four ACES topics (Autonomous, Connected, Electrified and Services/Shared). The BMW Group has also set a decisive course for its future in China, the company’s largest growth market.
“We continue to focus on following our own path and remain firmly on course. We are consistently preparing ourselves to meet the demands of tomorrow. This approach enables us to remain a reliable partner – all the more important during challenging times,” stated Harald Krüger, Chairman of the Board of Management of BMW AG, in Munich on Thursday. "The BMW Group has more than 100 years of experience in dealing with volatility in a changing world. Our vision remains clearly on long-term prospects. It is crucial that we remain focused on the key issues of profitability, growth and innovation to ensure our competitive edge going forward."
Balanced Sales Distribution. Sales growth in all major regions.
BMW Group Automobiles 1st Half of 2018.
MINI brand: 181,430
Rolls-Royce brand: 1,781
AUTOMOTIVE DELIVERIES BMW GROUP.
BMW, MINI & ROLLS-ROYCE.
Global Growth 1.8% as of 30 June 2018.
SALES VOLUME OF AUTOMOBILES Q1st Half of 2018.
CO2 EMISSIONS OF BMW GROUP AUTOMOBILES (EU-28).
EBIT MARGIN AUTOMOTIVE SEGMENT.
BMW GROUP TARGET 8-10%
EBIT automotive segment 7,695 mn. €
EBIT automotive segment 7,863 mn. €
EBIT automotive segment 3,800 mn. €
CAPITAL EXPENDITURE RATIO.
BMW GROUP TARGET <5%
Capital expenditure* 3,731 mn. €
Capital expenditure* 4,688 mn. €
Capital expenditure* 1,580 mn. €
RESEARCH & DEVELOPMENT RATIO (HGB).
BMW GROUP 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) 2,756 mn. €
DIVIDEND FOR THE FINANCIAL YEARS 2014 – 2017.
(PER ORDINARY STOCK IN €)
OUTLOOK FOR THE BMW GROUP IN 2018.
The BMW Group.
- Profit before tax: at previous year's level.
- (If approved by the relevant authorities in the course of this year, the formation of the joint venture between BMW Group and Daimler AG to combine mobility services will trigger a one-time valuation and earnings effect in BMW AG’s group financial statement and thus lead to an adjustment of the company’s guidance: Under these circumstances, pre-tax earnings on Group level would increase slightly in 2018 compared with the previous year.)