Key figures.
BMW Group in figures.
| 2020 | 2019 | 2018 | 2017 | |
| Workforce at year-end1 | 2020 120,726 |
2019 126,016 |
2018 134,682 |
2017 129,932 |
| Share of women in management positions in the BMW Group2 | 2020 17.8 |
2019 17.2 |
2018 17.2 |
2017 16.0 |
| Revenues [mn. €] | 2020 98,990 |
2019 104,210 |
2018 96,855 |
2017 98,282 |
| Earnings before taxes (EBT) [mn. €] | 2020 5,222 |
2019 7,118 |
2018 9,627 |
2017 10,675 |
| EBT margin [%] | 2020 5.3 |
2019 6.8 |
2018 9.9 |
2017 10.9 |
| Net profit for the year [mn. €] | 2020 3,857 |
2019 5,022 |
2018 7,064 |
2017 8,675 |
| Capital expenditure3 [mn. €] | 2020 3,922 |
2019 5,650 |
2018 5,029 |
2017 4,688 |
| Capital expenditure ratio [%] | 2020 4.0 |
2019 5.4 |
2018 5.2 |
2017 4.8 |
| Research & development expenditure (HGB) [mn. €] | 2020 6,279 |
2019 6,419 |
2018 6,890 |
2017 6,108 |
| Research and development ratio (HGB) [%] | 2020 6.3 |
2019 6.2 |
2018 7.1 |
2017 6.2 |
1 Since the reporting year 2020, a new definition for workforce size has been applied. To enable better comparability, the value for 2019 was adjusted accordingly (2019 before adjustment: 133,778 employees).
For the timeframe including and prior to 2018, the share of the employees that are no longer reflected in reporting is about 7.5-8 %.
2 The new definition of the term “employee” (see footnote 1) also has an impact on the proportion of women in management positions. For comparative purposes, the 2019 figure has been adjusted accordingly (2019 before adjustment: 17.5 %).
3 Investments in property, plant and equipment and other intangible assets.
Automotive segment.
| 2020 |
2019 | 2018 | 2017 | |
| Deliveries1 | 2020 2,325,179 |
2019 2,537,504 |
2018 2,486,149 |
2017 2,465,021 |
| Share of electrified vehicles in deliveries | 2020 8.3 |
2019 5.8 |
2018 5.7 |
2017 4.2 |
| CO2 emissions of the new vehicle fleet in Europe2 [g CO2 / km] | 2020 994 |
2019 127 |
2018 128 |
2017 128 |
| CO2 emissions per vehicle produced3 [tons] | 2020 0.23 |
2019 0.30 |
2018 0.40 |
2017 0.41 |
| Revenues [mn. €] | 2020 80,853 |
2019 91,682 |
2018 85,846 |
2017 85,742 |
| Earnings before interest and taxes (EBIT) [mn. €] | 2020 2,162 |
2019 4,499 |
2018 6,182 |
2017 7,888 |
| EBIT margin [%] | 2020 2.7 |
2019 4.9 |
2018 7.2 |
2017 9.2 |
| Free Cashflow [mn. €] | 2020 3,395 |
2019 2,567 |
2018 2,713 |
2017 4,459 |
| Return on Capital Employed (RoCE) [%] | 2020 12.7 |
2019 29.0 |
2018 49.8 |
2017 77.7 |
| Net financial assets [mn. €] | 2020 18,462 |
2019 17,577 |
2018 19,488 |
2017 19,787 |
1 Including the joint venture BMW Brilliance Automotive Ltd., Shenyang (2016: 311,473 units, 2017: 385,705 units, 2018: 455,581 units, 2019: 538,612 units, 2020: 602,247 units).
Retail vehicle delivery data presented for 2020 is not directly comparable to such data presented for previous years. For further information on retail vehicle delivery data, please see "Comparison of Forecast with Actual
Outcomes" in the BMW Group Report 2020.
2 EU including Norway and Iceland; since 2018 value according to WLTP (Worldwide Harmonised Light Vehicles Test Procedure), retroactively calulated as NEDC (New European Driving Cycle).
3 Efficiency indicator calculated on the basis of Scope 1 and Scope 2 emissions (i. e. a market-based method according to GHG Protocol Scope 2 Guidance that excludes climate-impacting gases other than carbon dioxide) from vehicle production (excluding motorcycles), adjusted for CHP losses, divided by the total number of vehicles produced, including the joint venture BMW Brilliance Automotive Ltd., Shenyang, but excluding contract manufacturing by Magna Steyr and Nedcar.
4 Figure (internal calculation) takes into account flexibilities as defined in regulatory requirements: phase-in with 5 g / km, supercredits BEV / PHEV with 7.5 g / km and eco-innovations with 2.4 g / km.
Deliveries Automotive segment.
| 2020 | 2019 |
2018 | 2017 | |
| Total1 | 2020 2,325,179 |
2019 2,537,504 |
2018 2,486,149 |
2017 2,465,021 |
| BMW2 | 2020 2,028,841 |
2019 2,184,939 |
2018 2,117,854 |
2017 2,089,854 |
| MINI | 2020 292,582 |
2019 347,465 |
2018 364,101 |
2017 371,729 |
| Rolls-Royce | 2020 3,756 |
2019 5,100 |
2018 4,194 |
2017 3,438 |
1 Retail vehicle delivery data presented for 2020 is not directly comparable to such data presented for previous years. For further information on retail vehicle delivery data, please see "Comparison of Forecast with Actual Outcomes" in the BMW Group Report 2020.
2 Including the joint venture BMW Brilliance Automotive Ltd., Shenyang (2016: 311,473 units, 2017: 385,705 units, 2018: 455,581 units, 2019: 538,612 units, 2020: 602,247 units).
Motorcycles segment.
| 2020 |
2019 | 2018 | 2017 | |
| Deliveries | 2020 169,272 |
2019 175,162 |
2018 165,566 |
2017 164,153 |
| Revenues [mn. €] | 2020 2,284 |
2019 2,368 |
2018 2,173 |
2017 2,272 |
| Earnings before interest and taxes (EBIT) [mn. €] | 2020 103 |
2019 194 |
2018 175 |
2017 207 |
| EBIT margin [%] | 2020 4.5 |
2019 8.2 |
2018 8.1 |
2017 9.1 |
| Return on Capital Employed (RoCE) [%] | 2020 15.0 |
2019 29.4 |
2018 28.4 |
2017 34.0 |
FINANCIAL SERVICES SEGMENT.
| 2020 | 2019 |
20181 | 2017 | |
| Contract portfolio | 2020 5,981,928 |
2019 5,973,682 |
20181 5,708,032 |
2017 5,380,785 |
| New contracts with retail customer | 2020 1,845,271 |
2019 2,003,782 |
20181 1,908,640 |
2017 1,828,604 |
| Business volume [mn. €] | 2020 133,093 |
2019 142,834 |
20181 133,147 |
2017 124,719 |
| Earnings before taxes (EBT) [mn. €] | 2020 1,725 |
2019 2,272 |
20181 2,143 |
2017 2,207 |
| Return On Equity (ROE) [%] | 2020 11.2 |
2019 15.0 |
20181 14.8 |
2017 18.1 |
| Penetration rate2 [%] | 2020 49.8 |
2019 52.2 |
20181 50.1 |
2017 46.7 |
| Credit loss ratio [%] | 2020 0.21 |
2019 0.26 |
20181 0.25 |
2017 0.34 |
1 Prior year’s figures adjusted due to a change in accounting policy in connection with the adoption of IFRS 16; see note 6 to the Group Financial Statements 2019. In addition, figures for the prior year have been adjusted due to changes in presentation of selected items, which are not material overall.
2 Retail vehicle delivery data presented for 2020 is not directly comparable to such data presented for previous years. For further information on retail vehicle delivery data, please see "Comparison of Forecast with Actual Outcomes" in the BMW Group Report 2020.
