192,494 vehicles delivered worldwide in April, up 7.4% ++ BMW sales increase 9.4%, totalling 164,641 ++ BMW Group year-to-date sales total 779,736, plus 5.8% ++ Over 25,000 electrified models sold in year-to-date, up 82.7%
Munich. BMW Group sales achieved a new all-time high for April, with sales in the month totalling 192,494, a 7.4% increase year-on-year. The first four months of the year also set a new record, with sales of the BMW Group’s three premium brands, BMW, MINI and Rolls-Royce, increasing by 5.8% to 779,736.
“Thanks to the strength of our model line-up, the BMW Group continues to achieve sustainable, profitable sales growth month after month,” commented Dr Ian Robertson, Member of the BMW AG Board of Management with responsibility for Sales and Brand BMW. “Customer demand is high across the range with a number of stand-out models, including the X1, the 5 Series and the 7 Series. As availability of the new BMW 5 Series ramps up, demand for this new generation is twice as high as for the previous model at this point in the market launch,” he continued. “With demand for our electrified vehicles up over 80%, I’m confident that we’ll achieve our target of delivering 100,000 electrified cars on the road this year, underlining our industry-leading position in the field,” he added.
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.
Significant revenues and earnings growth ++ Automotive segment EBIT margin within target range ++ Sales of electrified vehicles doubled ++ Made in Germany: BMW iNEXT to be produced in Dingolfing ++ BMW Group reaffirms outlook for full year 2017 ++ Krüger: Focus on profitability and rigorous implementation of Strategy NUMBER ONE > NEXT
Munich. The BMW Group has begun the financial year 2017 with a solid first quarter and made excellent progress in terms of implementing Strategy NUMBER ONE > NEXT. Deliveries of electrified vehicles, for instance, doubled to nearly 20,000 units in the first quarter. In addition, the BMW Group announced its intention to build the BMW iNEXT as the company’s technological spearhead at its Dingolfing plant. The iNEXT, which is due to be unveiled in 2021, will set the benchmark in terms of automated driving, electrification and connectivity. The decision underlines the significance of Germany as a location for developing future technologies and shaping tomorrow’s mobility.
The BMW Group recorded significant first-quarter growth in terms of both revenues and net profit. Alongside a solid operating performance, positive valuation-related earnings effects included in the financial result also contributed to the sharp rise in profit before taxes. “We shall continue to focus on rigorously implementing Strategy NUMBER ONE > NEXT and ensuring sustainable high profitability in order that we can shape future mobility by leveraging our own resources. That is how we will measure our success,” commented Harald Krüger, Chairman of the Board of Management of BMW AG, in Munich on Thursday.
FINANCIAL CALENDAR I 2017 I DATES
21.03.2017 Annual Report 2016
21.03.2017 Sustainable Value Report 2016
21.03.2017 Annual Accounts Press Conference 2017
22.03.2017 Analyst and Investor Conference 2017
04.05.2017 Quarterly Report to 31 March 2017
11.05.2017 Annual General Meeting 2017
03.08.2017 Quarterly Report to 30 June 2017
07.11.2017 Quarterly Report to 30 September 2017
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Balanced Sales Distribution.
BMW Group Automobiles, March 31, 2017.
MINI brand: 83,059
Rolls-Royce brand: 855
AUTOMOTIVE DELIVERIES BMW GROUP.
BMW, MINI & ROLLS-ROYCE.
Global Growth 5.3%. As of March 31, 2017.
SALES VOLUME OF AUTOMOBILES 1st Qarter 2017.
CO2 EMISSIONS OF BMW GROUP AUTOMOBILES (EU-28).
EBIT MARGIN AUTOMOTIVE SEGMENT.
BMW GROUP TARGET 8-10%
EBIT automotive segment 7,836 mn. €
EBIT automotive segment 7,695 mn. €
EBIT automotive segment 1,871 mn. €
CAPITAL EXPENDITURE RATIO.
BMW GROUP TARGET <5%
Capital expenditure* 3,826 mn. €
Capital expenditure* 3,731 mn. €
Capital expenditure* 605 mn. €
RESEARCH & DEVELOPMENT RATIO (HGB).
BMW GROUP TARGET 5-5.5%
Research and development expenditure (HGB) 5,169 mn. €
Research and development expenditure (HGB) 5,164 mn. €
Research and development expenditure (HGB) 1,317 mn. €