Investor Relations

Investor Relations.

Anke Schäferkordt takes over Renate Köcher’s seat

Munich. The current Chairman of the Supervisory Board of BMW AG, Dr.-Ing. Norbert Reithofer, has been re-elected to the Supervisory Board for a mandate period of five years at today’s Annual General Meeting. At a meeting of the Supervisory Board held after the shareholders’ meeting, he was also re-elected as its chairman. Reithofer has been associated with BMW AG for more than three decades. He joined the company in 1987 and was Chairman of the Board of Management between 2006 and 2015. He has been Chairman of the Supervisory Board since 2015.

The Annual General Meeting also newly elected Anke Schäferkordt to the Supervisory Board for a mandate period of five years. The media manager takes over the seat of Prof. Renate Köcher, who stepped down early at the end of this year’s Annual General Meeting in agreement with the Supervisory Board. 

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Liquidity remains at high level – investments prioritised +++ Q1 EBIT up due to high provision recorded in previous year +++ BMW Group updates outlook for Automotive segment EBIT +++ Q1: Product mix and pricing policy underpin revenues +++ Production to be ramped up according to demand +++ Firm commitment to agreed CO2 targets and Euro 6d +++ Zipse: “Business model still future-proof after crisis”

Munich. The BMW Group is well prepared to react swiftly and decisively at all times to new developments during the corona pandemic by systematically identifying potential scenarios. This approach is all the more important given that the BMW Group expects the consequences of the corona pandemic to constrain the operations of the entire automotive industry for quite some time to come. It is also becoming apparent that delivery volumes in key markets are not going to return to normal in the space of just a few weeks. The BMW Group is developing strategies for various scenarios and is prepared to take additional measures to safeguard its financial position and use its underlying strength to steer itself through this challenging phase.

“Quite clearly, the situation remains serious and market forecasts are subject to constraints under these circumstances. We are gradually ramping up our production again according to demand in each market. However, we are monitoring developments extremely closely to be able to respond with maximum flexibility," said Oliver Zipse, Chairman of the Board of Management of BMW AG, in Munich on Wednesday. "We are keeping a tight rein on inventory levels because liquidity has absolute priority in this situation."

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Munich. The Board of Management of BMW AG has decided today to update its guidance for the financial year 2020. The decisive factor for the adjustment is that the measures to contain the corona virus pandemic are lasting longer in several markets and are thus leading to a broader negative impact than was foreseeable in mid-March. It is therefore apparent that delivery volumes in these markets will not – as was previously assumed - return to normal within a few weeks. The highest negative impact is expected in the second quarter of 2020.

The economic shifts caused by the pandemic make it difficult to provide a reliable forecast. The outlook is therefore subject to a high degree of uncertainty. To reflect this uncertainty, the company has widened the range for the EBIT margin for the Automotive segment and now expects a range between 0% and 3%.

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Deliveries to customers BMW, MINI & Rolls-Royce.
Delivery figures have been adjusted retrospectively going back to 2015. The basis for the adjustments is a review of sales data in prior periods for the BMW Group’s 16 most important markets. The retrospective adjustment enables better comparability.

Balanced Sales Distribution in all major regions.
BMW Group sales volume in Q1-2020.

%
%
Including the joint venture BMW Brilliance Automotive Ltd., Shenyang (2020: 87,443 units, 2019: 128,653 units).
Delivery figures have been adjusted retrospectively going back to 2015. The basis for the adjustments is a review of sales data in prior periods for the BMW Group’s 16 most important markets. The retrospective adjustment enables better comparability.

SALES VOLUME OF AUTOMOBILES in Q1-2020

SUM
In g CO2/km;
From 2018, adjusted value based on planned conversion to WLTP (Worldwide Harmonised Light Vehicles Test Procedure).

CO2 EMISSIONS OF BMW GROUP AUTOMOBILES (EU-28).

DIVIDEND FOR THE FINANCIAL YEARS 2016 - 2019.
(PER ORDINARY STOCK IN €)

MANAGEMENT SUMMARY.
OUTLOOK FOR THE BMW GROUP IN 2020.

BMW Group.

  • Profit before tax: significant decrease
  • Workforce size at year-end: slight decrease

AUTOMOTIVE SEGMENT.

  • Deliveries to customers: significant decrease
  • Carbon fleet emissions (EU-28): significant decrease
  • EBIT margin: between 0 and 3%
  • Return on capital employed: significant decrease

MOTORCYCLES SEGMENT.

  • Deliveries to customers: significant decrease
  • EBIT margin: between 3 and 5%
  • Return on capital employed: significant decrease

FINANCIAL SERVICES SEGMENT.

  • Return on equity (RoE): moderate decrease

The economic shifts caused by the coronavirus pandemic make it difficult to provide a reliable forecast. The outlook is therefore subject to a high degree of uncertainty.

 

 

Outlook in accordance with DRS 20.

Key performance indicators In line with last year's level slight increase solid increase significant increase
Absolute numbers [-0.9%/+0.9%] [+1.0%/+4.9%] [+5.0%/+9.9%] >+10.0%
Relative numbers [-0.9 pp/+0.9 pp]

[+1.0% pp/+4.9 pp]

[+5.0 pp/+9.9 pp]

>+10.0 pp

Key performance indicators In line with last year's level slight decrease moderate decrease significant decrease
Absolute numbers [-0.9%/+0.9%] [-1.0%/-4.9%] [-5.0%/-9.9%] >-10.0%
Relative numbers [-0.9 pp/+0.9 pp]

[-1.0% pp/-4.9 pp]

[-5.0 pp/-9.9 pp]

>-10.0 pp