Investor Relations

Investor Relations.

03.08.2023
BMW Group upgrades FY guidance after strong first half-year
03.08.2023

+++ Higher sales target and automotive EBIT margin for 2023 +++ Group EBT margin comes in at 12.6% for HY1 +++ Automotive EBIT margin at 10.6% after six months +++ Free cash flow of € 3.1 billion in Automotive Segment in YTD June +++ Deliveries of fully-electric BMW vehicles up 133% +++ Zipse: “Economic success during the transformation” +++

 

Munich. The BMW Group delivered a strong financial and operating performance in a difficult environment in the first half of 2023. In the first six months, the premium automotive manufacturer achieved a Group EBT margin of 12.6% and an EBIT margin of 10.6% in the Automotive Segment. In the second quarter, the Group EBT margin came in at 11.3% (Q2 2022: 11.3%). In the Automotive Segment, the EBIT margin increased to 9.2% (Q2 2022: 8.2%).
As previously reported in an ad hoc announcement, the company is now planning for solid growth in deliveries for the full year 2023 (previously slight growth). Growth drivers should be highly priced models as well as fully electric vehicles.  BEV models are set to account for 15% of total vehicle sales. The EBIT margin in the Automotive Segment is now projected to be within the range of 9-10.5% (previously 8-10%). 

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03.08.2023
BMW Group upgrades FY guidance after strong first half-year
03.08.2023

+++ Higher sales target and automotive EBIT margin for 2023 +++ Group EBT margin comes in at 12.6% for HY1 +++ Automotive EBIT margin at 10.6% after six months +++ Free cash flow of € 3.1 billion in Automotive Segment in YTD June +++ Deliveries of fully-electric BMW vehicles up 133% +++ Zipse: “Economic success during the transformation” +++

 

Munich. The BMW Group delivered a strong financial and operating performance in a difficult environment in the first half of 2023. In the first six months, the premium automotive manufacturer achieved a Group EBT margin of 12.6% and an EBIT margin of 10.6% in the Automotive Segment. In the second quarter, the Group EBT margin came in at 11.3% (Q2 2022: 11.3%). In the Automotive Segment, the EBIT margin increased to 9.2% (Q2 2022: 8.2%).
As previously reported in an ad hoc announcement, the company is now planning for solid growth in deliveries for the full year 2023 (previously slight growth). Growth drivers should be highly priced models as well as fully electric vehicles.  BEV models are set to account for 15% of total vehicle sales. The EBIT margin in the Automotive Segment is now projected to be within the range of 9-10.5% (previously 8-10%). 

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07.07.2023
Strong momentum in Q2: Double-digit sales growth (+11.3%), BEV deliveries more than doubled again
07.07.2023

+++ BMW Group posts significant second-quarter sales growth (+11.3%) +++ Deliveries of fully-electric BMW vehicles more than doubled again: BMW Group +117.5%; brand BMW +150.7% +++ BMW brand continues to be No. 1 in worldwide premium segment +++ Sales increase across all key regions +++ Pieter Nota: “We have the right products on the market. The BMW Group will continue its successful electromobility ramp-up in the second half of the year.” +++

 

Munich. The BMW Group delivered a total of 88,289 fully-electric BMW and MINI vehicles to customers in the second quarter of 2023 – and once again succeeded in more than doubling its BEV sales from the same period of last year (+117.5%). All major regions saw significant sales growth for fully-electric models – underlining the wide appeal of these models to customers worldwide. 

“Strong sales development in general and especially for our fully-electric vehicles, shows that we have the right products on the market at the right time. The BMW Group will continue its successful ramp-up of electromobility at a high pace in the second half of the year,” said Pieter Nota, member of the Board of Management of BMW AG responsible for Customer, Brands and Sales. “We are winning over customers worldwide with our young and attractive product line-up. Due to our diverse offering – ranging from highly efficient combustion engines to fully electric models – we are addressing the wide variety of customer needs around the globe in an ideal way,” Nota added.

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Why invest in BMW?

FIRST-CLASS INDIVIDUAL MOBILITY – We play a pioneering role in setting standards for the individual premium mobility of tomorrow. It combines pleasure and responsibility without compromise.

SUSTAINABILITY – The BMW Group is a holistically sustainable company taking responsibility for sustainable future mobility. Every investment in BMW is a sustainable investment.

INNOVATION & FLEXIBILITY – The BMW Group is an innovation pioneer in the automotive industry. Our business model is based on constant transformation and flexibility – successful for over 100 years.

ELECTRIFICATION – Due to our flexibility and permanently transformed plants, we will have a convincing battery-electric vehicle offer covering 90% of our current market segments from 2023.

DIGITALIZATION – We set standards in the digitalization and connectivity of our vehicles and use our competitive edge in remote software upgrades.

FINANCIAL PERFORMANCE – We offer financial stability due to our strong balance sheet and industry-leading credit ratings. We set ambitious profitability and cash flow targets and are a reliable dividend payer.

Mainland China figure includes 96,133 units delivered to customers by the BMW Brilliance Automotive Ltd., Shenyang, joint venture in the period from 1 January to 10 February 2022 (i.e. prior to the full consolidation of that entity in the BMW Group Financial Statements).

BMW Group Sales Distribution as of 31.12.2022.

Includes 96,133 units delivered to customers by the BMW Brilliance Automotive Ltd., Shenyang, joint venture in the period from 1 January to 10 February 2022 (i.e. prior to the full consolidation of that entity in the BMW Group Financial Statements).

AUTOMOTIVE DELIVERIES BMW GROUP.
BMW, MINI & ROLLS-ROYCE.

  • 2,399,636

    Retail sales as of 31.12.2022

In Q1-2019 the BMW Group recognized a provision for the ongoing EU antitrust proceedings amounting to approx. € 1.4 billion.

EBIT MARGIN AUTOMOTIVE SEGMENT.

  • 4.9%

    EBIT automotive segment 4,499 mn. €

  • 2.7%

    EBIT automotive segment 2,162 mn. €

  • 10.3%

    EBIT automotive segment 9,870 mn. €

  • 8.6%

    EBIT automotive segment 10,635 mn. €

2019
2020
2021
FY-2022
Investments in property, plant and equipment and other intangible assets.

CAPITAL EXPENDITURE RATIO.

  • 5.4%

    Capital expenditure 5,650 mn. €

  • 4.0%

    Capital expenditure 3,922 mn. €

  • 4.5%

    Capital expenditure 5,012 mn. €

  • 5.5%

    Capital expenditure 7,791 mn. €

2019
2020
2021
FY-2022

RESEARCH & DEVELOPMENT RATIO (HGB).

  • 6.2%

    Research and development expenditure (HGB) 6,419 mn. €

  • 6.3%

    Research and development expenditure (HGB) 6,279 mn. €

  • 6.2%

    Research and development expenditure (HGB) 6,870 mn. €

  • 5.0%

    Research and development expenditure (HGB) 7,178 mn. €

2019
2020
2021
FY-2022
(PER ORDINARY STOCK IN €)

DIVIDEND FOR THE FINANCIAL YEARS 2019 - 2022.

EU-27 countries including Norway and Iceland; with effect from 2021, values are calculated on a converted basis in line with WLTP (Worldwide Harmonised Light Vehicles Test Procedure). Values from 2017 to 2020 according to New European Driving Cycle (NEDC).

CO2 EMISSIONS New car fleet Europe.

BMW headquarters in Munich
Ad Hoc Announcements

* Proposal by the Board of Management
** To improve year-on- year comparability, the 2020 NEDC figures were converted to WLTP after adjusting for permissible flexibilities – specifically from 99 g CO2 / km according to NEDC (including 5 g CO2 / km phase-in, 7.5 g CO2 / km supercredits and 2.4 g CO2 / km eco-innovations) to 135 g CO2 / km according to WLTP (excluding flexibilities). In 2020, a phase-in regulation was accepted, as was the recognition of supercredits. As of 2021, these two simplifications no longer apply for the BMW Group.

MANAGEMENT SUMMARY.
OUTLOOK FOR THE BMW GROUP IN 2023.

BMW Group.

  • Profit before tax: significant decrease
  • Workforce size at year-end: slight increase
  • Share of women in management positions in the BMW Group: slight increase

MOTORCYCLES SEGMENT.

  • Deliveries to customers: significant increase
  • EBIT margin: between 8 and 10%
  • Return on capital employed: between 21 and 26%

AUTOMOTIVE SEGMENT.

  • Deliveries to customers: solid increase
  • Share of all-electric vehicles in total deliveries: significant increase
  • CO2 emissions new vehicle fleet EU: slight decrease
  • CO2 emissions per vehicle produced: slight decrease
  • EBIT margin: between 9-10.5%
  • Return on capital employed: between 18-22%

FINANCIAL SERVICES SEGMENT.

  • Return on equity (RoE): between 16 and 19%

The outlook does not factor in the following:

  • a deep recession in the BMW Group’s key sales markets
  • a further escalation of the conflict between Russia and Ukraine, combined with an expansion of the war
  • an exacerbation of the pandemic situation in China and the resulting impact on the economic environment
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