BMW brand sales up 3.0% to 176,291 vehicles +++ BMW i3 success story continues with 19.9% growth in year to date +++ Luxury segment sales climb nearly 60% in first ten months +++ BMW brand grows 9.4% in October in US +++ Nota: “Solid increase of 8.6% for electrified vehicles in October”
Munich. The BMW Group continued to grow its worldwide sales in October, reaching a total of 204,295 vehicles (+1.7%). Deliveries in the year to date were up 1.7% on the same period of last year, with 2,070,496 premium BMW, MINI and Rolls-Royce vehicles sold.
“Our model offensive continues to have a positive impact. We were able to achieve new all-time sales highs for October and the first ten months of the year,” said Pieter Nota, member of the Board of Management of BMW AG responsible for Customer, Brands and Sales. “With our electrified vehicles, we achieved a solid increase of 8.6% in October. The BMW i3 is a real electromobility pioneer and more popular with our customers today than ever, posting sales growth of nearly 20% in the year to date,” added Nota.
Deliveries and market share up, despite weak market trend +++ EBIT and free cash flow rise significantly in third quarter +++ High upfront expenditure for future-oriented technologies +++ Outlook for financial year 2019 reaffirmed +++ Zipse: “The decisive transformation is taking place inside the vehicle”
Munich. The BMW Group recorded growth in deliveries, revenues and earnings in the third quarter and is therefore well on its way to achieving its targets for 2019. Group net profit increased at a double-digit percentage rate, helped to some extent by a base effect from the previous year’s reported figures. Moreover, profitability has continued to improve over the course of the nine-month period. To compensate for the high upfront expenditure on future-oriented technologies, the BMW Group is working hard on continually improving efficiency.
“At the nine-month stage, we are well on our way to achieving our targets for the year as a whole,” said Oliver Zipse, Chairman of the Board of Management of BMW AG, in Munich on Wednesday. “However, we are looking further into the future, having recognised that far-reaching technological transformation is a great opportunity for the BMW Group. I am convinced that our business model will only benefit from this. The vehicle of the future, with all its integrated digital functions, is a high-tech product of a complexity that is still underestimated.”
MINI brand: 261,024
Rolls-Royce brand: 3,777
AUTOMOTIVE DELIVERIES BMW GROUP.
BMW, MINI & ROLLS-ROYCE.
Global Growth 1.7% as of 30 September 2019.
CO2 EMISSIONS OF BMW GROUP AUTOMOBILES (EU-28).
EBIT MARGIN AUTOMOTIVE SEGMENT.
BMW GROUP long-term TARGET 8-10%
EBIT automotive segment 6,182 mn. €
EBIT automotive segment -310 mn. €
EBIT automotive segment 1,469 mn. €
EBIT automotive segment 1,515 mn. €
CAPITAL EXPENDITURE RATIO.
BMW GROUP TARGET <5%
Capital expenditure* 5,029 mn. €
Capital expenditure* 999 mn. €
Capital expenditure* 1,176 mn. €
Capital expenditure* 1,133 mn. €
RESEARCH & DEVELOPMENT RATIO (HGB).
BMW GROUP long-term TARGET 5-5.5%
Research and development expenditure (HGB) 6,890 mn. €
Research and development expenditure (HGB) 1,353 mn. €
Research and development expenditure (HGB) 1,477 mn. €
Research and development expenditure (HGB) 1,618 mn. €
DIVIDEND FOR THE FINANCIAL YEARS 2015 – 2018.
(PER ORDINARY STOCK IN €)
OUTLOOK FOR THE BMW GROUP IN 2019.
- Profit before tax: significant decrease.
- Workforce size at year-end: in line with last year's level.
- Deliveries to customers: slight increase.
- Carbon fleet emissions (EU-28): slight reduction.
- EBIT margin: between 4.5 and 6.5%.
- Return on capital employed: significant decrease.
- Deliveries to customers: solid increase.
- EBIT margin: in target range between 8 and 10%.
- Return on capital employed: solid increase.
FINANCIAL SERVICES SEGMENT.
- Return on equity (RoE): in line with last year's level.
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]||