254,862 vehicles delivered worldwide in March, up 5.9% ++ BMW sales increase 5.3%, totalling 212,093 ++ MINI sales grow 8.7% to 42,447 ++ BMW Group sales in first quarter up 5.3% to 587,237 ++ More than half a million BMWs sold in first quarter ++ Almost 20,000 electrified models sold in first quarter ++ Sales growth achieved in all major sales regions
Munich. BMW Group sales achieved their best ever March, with sales in the month totalling 254,862, a 5.9% increase year-on-year. It was also a record first quarter with sales of the BMW Group’s three premium brands, BMW, MINI and Rolls-Royce, increasing by 5.3%; a total of 587,237 vehicles have been delivered to customers around the world so far this year.
“We’ve achieved a strong start to the year, with our X-family models and the BMW 7 Series being the main growth drivers,” commented Dr Ian Robertson, Member of the BMW AG Board of Management with responsibility for Sales and Brand BMW. “March was the first full sales month for the new BMW 5 Series Sedan and the customer feedback for this benchmark car is already very positive,” he continued. “Our electrified models also continue to show extremely strong growth, with almost 20,000 sold in the first quarter, meaning we’re on track to achieve our target of 100,000 electrified vehicle sales this year. As we start the biggest model offensive the company has ever undertaken, I’m confident 2017 will be another record year for the BMW Group, retaining our leading position in the industry,” 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.
Product offensive: BMW Group to launch 40 new or revised models by end of 2018 ++ Luxury segment: sales volume to grow significantly by 2020 ++ More electric mobility: focus on flexibility ++ Targets for 2017: Slight rise in Group profit before tax, automotive segment sales volume and revenues ++ 2016: Best-ever revenues and earnings figures ++ Krüger: “Clear focus on the needs of our customers”
Munich. After reporting best-ever revenues and earnings figures for the seventh year in succession, the BMW Group intends to continue its course of sustainable and profitable growth, while also expanding its role as innovation leader. The company’s core business will be strengthened by the targeted addition of new models and continued work on the strategic areas of electric mobility and automated driving.
“Once again, we are targeting record sales volume, revenues and earnings in 2017,” stated Harald Krüger, Chairman of the Board of Management of BMW AG in Munich on Tuesday. The BMW Group forecasts a slight increase in Automotive segment deliveries to customers in the current financial year, which would result in a corresponding growth in segment revenues. Group profit before taxes is also expected to improve slightly.
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, YTD December 31, 2016.
MINI brand: 360,233
Rolls-Royce brand: 4,011
AUTOMOTIVE DELIVERIES BMW GROUP.
BMW, MINI & ROLLS-ROYCE.
Global Growth 5.3%. As of December 31, 2016.
SALES VOLUME OF AUTOMOBILES 2016.
CO2 EMISSIONS OF BMW GROUP AUTOMOBILES (EU-28).
EBIT MARGIN AUTOMOTIVE SEGMENT.
BMW GROUP TARGET 8-10%
EBIT automotive segment 7,244 mn. €
EBIT automotive segment 7,836 mn. €
EBIT automotive segment 7,695 mn. €
CAPITAL EXPENDITURE RATIO.
BMW GROUP TARGET <5%
Capital expenditure* 4,601 mn. €
Capital expenditure* 3,826 mn. €
Capital expenditure* 3,731 mn. €
RESEARCH & DEVELOPMENT RATIO (HGB).
BMW GROUP TARGET 5-5.5%
Research and development expenditure (HGB) 4,566 mn. €
Research and development expenditure (HGB) 5,169 mn. €
Research and development expenditure (HGB) 5,164 mn.