Investor Relations

Investor Relations.

Munich. The preliminary free cash flow for the Automotive segment of BMW AG in the third quarter 2020 amounts to €3,065 million (previous year: €714 million) and thus exceeds current market expectations.

This was due in particular to a faster recovery in several markets, which led to higher sales growth. In addition, a focused management has led to an optimisation of working capital and a further reduction of fixed costs and capital expenditure.

The impact of this development on the free cash flow for the Automotive segment for the full year will be communicated with the release of the Quarterly Statement to 30 September 2020. 

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BMW Group sells 675,680 units in third quarter (+8.6%) +++ Europe region delivers 275,618 vehicles to customers in Q3 (+7.1%) +++ China up 6.4% after first nine months (559,681 vehicles) +++ Sales situation still reflects regional impact of coronavirus pandemic +++ Pieter Nota: “Sales growth of almost 50 percent for electrified vehicles in third quarter”

 

Munich. The BMW Group posted solid year-on-year sales growth of 8.6 percent in the third quarter, with a total of 675,680 vehicles delivered to customers. As expected, the sales performance from January to September meanwhile reflects the global impact of the Corona Pandemic. During this period, the company sold 1,638,316 (-12.5%) premium BMW, MINI and Rolls-Royce vehicles worldwide.

“Thanks to our strong model line-up, we were able to increase our third-quarter sales year-on-year, despite the lasting effects of the coronavirus pandemic,” said Pieter Nota, member of the Board of Management of BMW AG, responsible for Customer, Brands, Sales. “We are especially pleased with the sales growth of almost 50 percent in electrified vehicles. This makes electromobility a substantial growth driver. We have already delivered around 10,000 fully-electric MINIs* since the start of the year. This shows how much our customers appreciate this car,” Nota continued. 

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The heart of the BMW Group's worldwide R&D network +++ Smart Building as innovation platform for 4800 vehicle developers +++ Space for 100 state-of-the-art test benches and 200 laboratories +++ Flagship for Germany as a location for research with an investment of approx. 1 billion euros +++ Setting the pace of transformation in automotive development

Munich. With the FIZ Projekthaus Nord, which went into operation today, the BMW Group is opening the new heart of its global research and development network. The architecturally impressive building complex makes the successively expanded Munich Research and Innovation Centre (FIZ) one of the largest R&D locations in Europe and manifests the clear commitment to Germany as a location for research and development. The FIZ Projekthaus Nord is a milestone of the long-term "FIZ Future" program, in which the company has already invested about 1 billion euros.

Professor Reimund Neugebauer, President of the Fraunhofer-Gesellschaft, Munich's Lord Mayor Dieter Reiter, Oliver Zipse, Chairman of the Board of Management of BMW AG, Frank Weber, Member of the Board of Management for Development, Ilka Horstmeier, Member of the Board of Management for Human Resources, and Manfred Schoch, Chairman of the General Works Council of BMW AG, jointly ramped up the first of a total of 100 ultra-modern test benches on Friday, thus officially opening the progressive building.

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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.

BMW Group Sales Distribution in major regions.
Sales Volume of Automobiles in H1-2020.

%
%
Including the joint venture BMW Brilliance Automotive Ltd., Shenyang (2020: 251,314 units, 2019: 265,516 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.

Corona pandemic significantly holds down
automotive deliveries in H1-2020.

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