BMW Group targets ninth successive record year ++ Pre-tax profit over € 10 billion planned, despite increasing upfront expenditure ++ EBIT margin forecast within target range ++ Record sales volume targeted for Automotive segment ++ Free Cash Flow 2017 above target despite high investment ++ Record spending on tomorrow’s mobility targeted for 2018 ++ Krüger: Future of mobility is created today
Munich. The BMW Group is stepping up the pace in its drive to shape tomorrow's mobility. Two years after the launch of Strategy NUMBER ONE > NEXT, the BMW Group intends to increase upfront expenditure on research and development to an all-time high in 2018, while at the same time remaining steadily on course for a ninth record-breaking year in succession through profitable, sustainable growth.
“Our industry is currently experiencing a phase of unprecedented technological change. At the same time, however, it needs to cope with the challenge of present-day volatilities. At the BMW Group, we think in terms of opportunities and follow a clear strategy. Because the future of mobility is created today. We are stepping up the pace in 2018 and targeting our ninth successive record year,” stated Harald Krüger, Chairman of the Board of Management of BMW AG in Munich on Wednesday.
Sales volume, earnings and revenues reach new record levels in 2017 ++ Pre-tax profit above € 10 billion for first time ++ Additional € 1 billion euros allocated on R&D ++ EBIT margin within target range ++ Dividend at record level
Munich. The BMW Group once again demonstrated its ability to generate sustained profitability in 2017, posting its eighth successive record year. Despite a significant increase in upfront expenditure for future mobility the company reported its best ever figures to date for sales volume, revenues and earnings. In addition, the BMW Group delivered more than 100,000 electrified vehicles to customers for the first time in a single year, firmly underpinning the Group’s role as a pioneer and key driver of electric mobility. In line with its Strategy NUMBER ONE > NEXT, the BMW Group continues to play a leading role in transforming the mobility sector with its future-oriented ACES programme: Automated, Connected, Electrified and Services.
“We can look back on the most successful year in our corporate history and have achieved record levels for revenues and earnings for the eighth year in succession,” stated Harald Krüger, Chairman of the Board of Management of BMW AG in Munich on Thursday. “Since 2016, we have taken numerous strategic decisions to further grow our business on a sustainable basis in the years ahead.”
Deliveries up 5.8%: 178,910 units worldwide ++ Increases achieved in all major sales regions ++ Solid growth in Group’s two biggest markets: China and USA ++ Monthly BMW brand sales increase 5.1% to 155,328 ++ Record MINI sales in February: up 10.8% with 23,319 deliveries ++ BMW Group electrified vehicle sales +43.9% in February: 7,906 units ++ Electrified sales total 15,041 in year-to-date, an increase of 40.2% ++ Year-to-date BMW Group sales up 4.8% to 348,459 vehicles
Munich. Once again, sales at the BMW Group have achieved new heights with total sales in February up 5.8% (178,910). So far this year, a total of 348,459 BMW, MINI and Rolls-Royce vehicles have been delivered to customers around the world, which is an increase of 4.8% on the same period last year. Both figures represent new all-time sales records.
“The BMW brand achieved a solid sales increase of 5.1% in February, with all major sales regions making a positive contribution to this result,” said Pieter Nota, Member of the Board of Management of BMW AG, responsible for Sales and Brand BMW. “This is a big year for our popular X models: the all-new BMW X2 is just arriving in showrooms and at the motor show in Geneva last week, we premiered the new X4. Together with the BMW X3, which will see significantly increased availability in the second half of the year, I’m sure our X family will continue to be an important growth driver in the coming months. Another significant growth area is electro-mobility: with a year-to-date sales increase of over 40%, momentum is clearly building strongly for our electrified vehicles,” Nota continued.
Automotive pioneers and innovation leaders to shape sustainable urban mobility of the future ++ Strong alliance to create unique customer offering: seamless, multimodal, fast and readily available ++ Ecosystem for on-demand mobility: single source for CarSharing, Ride-Hailing, Parking, Charging and Multimodality ++ Sustainable solutions for challenges of urban mobility and better quality of life in big cities ++ Joint-venture concept will ensure expansion of digital business models at both companies
Munich/Stuttgart. The BMW Group and Daimler AG are joining forces to offer customers a single source for sustainable urban mobility services. The two companies today signed an agreement to merge their mobility services business units. Subject to examination and approval by the responsible competition authorities, the BMW Group and Daimler AG plan to combine and strategically expand their existing on-demand mobility offering in the areas of CarSharing, Ride-Hailing, Parking, Charging and Multimodality. Each company will hold a 50-percent stake in a joint-venture model comprising both companies’ mobility services. The two companies will remain competitors in their respective core businesses.
The aim of this transaction is to become a leading provider of innovative mobility services. Both automotive manufacturers aim to shape the mobility of the future to be able to offer their customers unique experiences and support their partners, such as cities and communes, in achieving sustainable urban mobility.
Balanced Sales Distribution.
BMW Group Automobiles 2017.
MINI brand: 371,881
Rolls-Royce brand: 3,362
AUTOMOTIVE DELIVERIES BMW GROUP.
BMW, MINI & ROLLS-ROYCE.
Global Growth 4.1%. As of December 31, 2017.
SALES VOLUME OF AUTOMOBILES 2017.
CO2 EMISSIONS OF BMW GROUP AUTOMOBILES (EU-28).
EBIT MARGIN AUTOMOTIVE SEGMENT.
BMW GROUP TARGET 8-10%
EBIT automotive segment 7,836 mn. €
EBIT automotive segment 7,695 mn. €
EBIT automotive segment 7,863 mn. €
CAPITAL EXPENDITURE RATIO.
BMW GROUP TARGET <5%
Capital expenditure* 3,826 mn. €
Capital expenditure* 3,731 mn. €
Capital expenditure* 4,688 mn. €
RESEARCH & DEVELOPMENT RATIO (HGB).
BMW GROUP TARGET 5-5.5%
Research and development expenditure (HGB) 5,169 mn. €
Research and development expenditure (HGB) 5,164 mn. €
Research and development expenditure (HGB) 6,108 mn. €