Key figures.
BMW Group in figures.
| 2021 | 2020 | 2019 | 2018 | |
| Workforce at year-end1 | 2021 118,909 |
2020 120,726 |
2019 126,016 |
2018 134,682 |
| Share of women in management positions in the BMW Group2 | 2021 18.8 |
2020 17.8 |
2019 17.2 |
2018 17.2 |
| Revenues [mn. €] | 2021 111,239 |
2020 98,990 |
2019 104,210 |
2018 96,855 |
| Earnings before taxes (EBT) [mn. €] | 2021 16,060 |
2020 5,222 |
2019 7,118 |
2018 9,627 |
| EBT margin [%] | 2021 14.4 |
2020 5.3 |
2019 6.8 |
2018 9.9 |
| Net profit for the year [mn. €] | 2021 12,463 |
2020 3,857 |
2019 5,022 |
2018 7,064 |
| Capital expenditure3 [mn. €] | 2021 5,012 |
2020 3,922 |
2019 5,650 |
2018 5,029 |
| Capital expenditure ratio [%] | 2021 4.5 |
2020 4.0 |
2019 5.4 |
2018 5.2 |
| Research & development expenditure (HGB) [mn. €] | 2021 6,870 |
2020 6,279 |
2019 6,419 |
2018 6,890 |
| Research and development ratio (HGB) [%] | 2021 6.2 |
2020 6.3 |
2019 6.2 |
2018 7.1 |
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.
| 2021 | 2020 |
2019 | 2018 | |
| Deliveries1 | 2021 2,521,514 |
2020 2,325,179 |
2019 2,537,504 |
2018 2,486,149 |
| Share of electrified vehicles in deliveries | 2021 13.0 |
2020 8.3 |
2019 5.8 |
2018 5.7 |
| CO2 emissions of the new vehicle fleet in Europe2,3 [g CO2 / km] | 2021 115.94 |
2020 99.1 (135.0)5 |
2019 127.0 |
2018 127.5 |
| CO2 emissions per vehicle produced6 [tons] | 2021 0.33 |
2020 0.23 |
2019 0.30 |
2018 0.40 |
| Revenues [mn. €] | 2021 95,476 |
2020 80,853 |
2019 91,682 |
2018 85,846 |
| Earnings before interest and taxes (EBIT) [mn. €] | 2021 9,870 |
2020 2,162 |
2019 4,499 |
2018 6,182 |
| EBIT margin [%] | 2021 10.3 |
2020 2.7 |
2019 4.9 |
2018 7.2 |
| Free Cashflow [mn. €] | 2021 6,354 |
2020 3,395 |
2019 2,567 |
2018 2,713 |
| Return on Capital Employed (RoCE) [%] | 2021 59.9 |
2020 12.7 |
2019 29.0 |
2018 49.8 |
| Net financial assets [mn. €] | 2021 22,362 |
2020 18,462 |
2019 17,577 |
2018 19,488 |
1 Including the joint venture BMW Brilliance Automotive Ltd., Shenyang (2017: 385,705 units, 2018: 455,581 units, 2019: 538,612 units, 2020: 602,247 units, 2021: 651,236 units).
Retail vehicle delivery data presented for 2020 and 2021 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 2021.
2 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).
3 This is a preliminary internal calculation with a potential variation of +/– 0.5 g CO2 / km, as official registration figures from the authorities are not available from all EU states. The EU Commission is not expected to publish official figures until November the following year.
4 Flexibilities as defined in the regulatory requirements for 2021 are as follows: eco-innovation with 1.7 g CO2 / km (WLTP).
5 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.
6 Efficiency ratio calculated on the basis of Scope 1 and Scope 2 CO2 emissions (i.e. a market-based method according to GHG Protocol Scope 2 guidance; mainly the use of the VDA emissions factors as well as isolated use of local emissions factors; but excluding climate-changing gases other than carbon dioxide) from vehicle production (BMW Group manufacturing sites incl. joint venture BMW Brilliance Automotive Ltd. and motorcycles, excluding contract manufacturers), as well as BMW Group non-manufacturing sites (e.g. research centre, sales centre, offices) divided by the number of vehicles (excluding motorcycles) produced (BMW Group manufacturing sites incl. joint venture BMW Brilliance Automotive Ltd., excluding contract manufacturers). From 2021, this indicator will include the carbon emissions of all other BMW Group locations in addition to the carbon emissions generated by production. The figures for 2019 (base year) and 2020 have been adjusted accordingly for comparison purposes (2019 before adjustment: 0.30 tons, 2020 before adjustment: 0.23 tons). Figures from 2017 and 2018 are audited with limited assurance.
Deliveries Automotive segment.
| 2021 | 2020 | 2019 |
2018 | |
| Total1 | 2021 2,521,514 |
2020 2,325,179 |
2019 2,537,504 |
2018 2,486,149 |
| BMW2 | 2021 2,213,790 |
2020 2,028,841 |
2019 2,184,939 |
2018 2,117,854 |
| MINI | 2021 302,138 |
2020 292,582 |
2019 347,465 |
2018 364,101 |
| Rolls-Royce | 2021 5,586 |
2020 3,756 |
2019 5,100 |
2018 4,194 |
1 Retail vehicle delivery data presented for 2020 and 2021 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 2021.
2 Including the joint venture BMW Brilliance Automotive Ltd., Shenyang (2017: 385,705 units, 2018: 455,581 units, 2019: 538,612 units, 2020: 602,247 units, 2021: 651,236).
Motorcycles segment.
| 2021 | 2020 |
2019 | 2018 | |
| Deliveries | 2021 194,261 |
2020 169,272 |
2019 175,162 |
2018 165,566 |
| Revenues [mn. €] | 2021 2,748 |
2020 2,284 |
2019 2,368 |
2018 2,173 |
| Earnings before interest and taxes (EBIT) [mn. €] | 2021 227 |
2020 103 |
2019 194 |
2018 175 |
| EBIT margin [%] | 2021 8.3 |
2020 4.5 |
2019 8.2 |
2018 8.1 |
| Return on Capital Employed (RoCE) [%] | 2021 35.9 |
2020 15.0 |
2019 29.4 |
2018 28.4 |
FINANCIAL SERVICES SEGMENT.
| 2021 | 2020 | 2019 |
2018 | |
| Contract portfolio | 2021 5,859,890 |
2020 5,981,928 |
2019 5,973,682 |
2018 5,708,032 |
| New contracts with retail customer | 2021 1,956,514 |
2020 1,845,271 |
2019 2,003,782 |
2018 1,908,640 |
| Business volume [mn. €] | 2021 139,530 |
2020 133,093 |
2019 142,834 |
2018 133,147 |
| Earnings before taxes (EBT) [mn. €] | 2021 3,753 |
2020 1,725 |
2019 2,272 |
2018 2,143 |
| Return On Equity (ROE) [%] | 2021 22.6 |
2020 11.2 |
2019 15.0 |
2018 14.8 |
| Penetration rate1 [%] | 2021 50.5 |
2020 49.8 |
2019 52.2 |
2018 50.1 |
| Credit loss ratio [%] | 2021 0.18 |
2020 0.21 |
2019 0.26 |
2018 0.25 |
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.
