BMW Group combines successful core business with future-focussed vital decisions

Posted on 04. Nov, 2016 by in BMW Canada

  • Third quarter: Net distinction adult 15 percent
  • Automotive segment: EBIT domain stays in aim range
  • Full year 2016: Forecast reaffirmed
  • E-mobility: Over 100,000 electrified BMW vehicles on a streets today
  • E-mobility: BMW Group to enhance foundation of core brands to
    embody MINI and BMW X3 battery versions

 

 


Munich.

The BMW Group continued to draft a march of essential growth
in a third entertain 2016 and suggested how a subsequent stages of its
Strategy Number ONE  NEXT will be
implemented. As a world’s heading provider of reward products and
services for particular mobility, a BMW Group available a best
ever third entertain sales volume and net distinction figures. The company
also published sum per a second proviso of its
foundation strategy.

 

“We posted new record gain and continued to grow profitably
– thereby progressing a clever basement for a consistent
doing of a strategy,” pronounced Harald Krüger,
Chairman of a Board of Management of BMW AG
, on Friday.
“We are already achieving quantifiable success in a areas in which
a whole zone is judged, namely a successful electrification
strategy, with some-more than 100,000 electric vehicles on a roads
already today, and a unchanging feat of high profitability,
that enables us to financial destiny investments from a possess resources.”

 


Krüger

continued: “BMW i has always stood for a good understanding some-more than
choice powertrains: BMW i is a ‘spearhead of innovation’,
ensuring that a BMW Group maintains a pioneering technological
role. We have already valid this in a domain of electric mobility
– and we continue to write a possess success story in a fields of
programmed pushing and digitalisation.”

 

Three years after a successful launch of BMW i, a BMW Group
is now prepared to benefaction a second proviso of a electric mobility
strategy. Alongside a formerly announced enlargement of a BMW i
indication operation to embody a BMW i8 Roadster and a BMW iNEXT, the
BMW Group will press forward with a skeleton to uniformly transfer
all-electric, battery-powered mobility to a core brands. The first
step will be an all-electric MINI in 2019, followed by an
all-electric BMW X3 in 2020.

 

“We are positively assured that a mobility of tomorrow is
sustainable,” pronounced Krüger. “Years ago, we announced
a evident joining to electric mobility and achieved
technological care in this field. Growing patron demand
confirms that we are on a right lane and that now is a right
time to take a subsequent steps.”

 

In a third entertain alone, a BMW Group delivered some-more than
18,000 electric BMW i and BMW iPerformance vehicles to customers,
twice a figure achieved in a same duration final year. For a full
year 2016, a BMW Group expects to sell some-more than 60,000 vehicles
featuring possibly all-electric or plug-in hybrid powertrains.

 


BMW Group posts best-ever sum for a initial 9 months of 2016

 


Third-quarter sales volume

of a BMW Group’s 3 premium brands (BMW,
MINI and Rolls-Royce) climbed by 7.1% to strech 583,499 units (2015:
545,062 units). These sum symbol a new all-time high
for a third entertain and guarantee a BMW Group’s position as the
world’s heading manufacturer of reward vehicles.

 


Third-quarter revenues

rose by 4.6% to € 23,362 million (2015: € 22,345 million).
Adjusted for sell rate factors, revenues increasing by 6.6%. At
€ 2,380 million, profit before financial result
(EBIT) was somewhat aloft than one year progressing (2015: € 2,354
million; +1.1%). Group distinction before taxation (EBT)
softened by 13.8% to € 2,575 million (2015: € 2,263 million).
Net profit climbed by 15.3% to € 1,821 million
(2015: € 1,579 million), a new record for a third quarter.


 


Nine-month sales

available by a Automotive shred rose by 6.2% to strech a new
high of 1,746,638 units (2015: 1,644,810 units). The devise of
essay to grasp an uniformly offset placement of sales
worldwide continued to compensate off, permitting fluctuations in individual
markets to be compensated.

 

In a first 9 months,
Group revenues grew by 3.0% to € 69,229 million
(2015: € 67,197 million). Profit before financial
result
(EBIT) edged adult by 2.2% to € 7,562 million (2015:
€ 7,400 million). Group distinction before tax (EBT)
increasing by 8.8% to set a new record of € 7,741 million (2015:
€ 7,114 million). Group net profit rose by 11.7% to
€ 5,411 million (2015: € 4,844 million), also imprinting a new record
for a initial 9 months of a year.

 


Automotive segment: EBIT domain within aim range


 


Third-quarter revenues of a Automotive shred

grew by 2.8% to € 21,564 million (2015: € 20,970 million). As
formerly reported, upfront output for projects and activities
connected with a doing of Strategy Number ONE  NEXT
will impact gain some-more in a second half-year than in a first
half-year. EBIT for a third entertain came in at
€ 1,837 million (2015: € 1,912 million; -3.9%) million, ensuing in
an EBIT margin in a Automotive shred of 8.5%
(2015: 9.1%), still within a aim operation of between 8 and 10%. At
€ 2,030 million, segment distinction before taxation was
significantly aloft than a prior year (€ 1,845 million; +10.0%).

 


Nine-month


segment revenues grew by 2.8% to € 63,250 million
(2015: € 61,513 million). EBIT increasing to € 5,778
million (2015: € 5,525 million; +4.6%), ensuing in an EBIT
margin
of 9.1% (2015: 9.0%). Profit before
tax
climbed to € 6,041 million (2015: € 5,323 million;
+13.5%), a initial time it has exceeded 6 billion euro in the
initial 3 quarters.

 

In a third quarter, sales of BMW
code vehicles rose by 6.4% to strech a new high of 493,379 units
(2015: 463,739 units) for a period. The equivalent
nine-month figure of 1,479,936 units (2015: 1,395,780
units; +6.0%) also pennyless all existent records. Tailwind came from
several sources, including contributions done by a BMW Group’s
flagship model, a BMW 7 Series, and a BMW X models. Nine-month
deliveries of a new BMW 7 Series were 65.8% adult on
a prior year, outperforming all of a predecessors during the
launch period. Additional movement is approaching to come from a top
model, a BMW M760Li xDrive. Sales of a BMW X1 in
a nine-month duration jumped by 82.0% to 149,670 units, while the
BMW X3 available a 16.5% boost to 116,702 units.

 

Sales of BMW’s electrified models continue to grow –
quite in Europe and a USA. More than 40,000 BMW
i
and BMW iPerformance vehicles had been
delivered to business by a finish of Sep – and a upward
trend is rising steeply. In Sep alone, sales of electrified
BMW models exceeded a 7,000 mark.

 

Including a new
BMW 740e
as good as a
BMW 330e
and a
BMW 225xe Active Tourer
launched in spring, a BMW Group already offers a sum of
7 car models that are possibly all-electric (such as a BMW
i3) or plug-in variety that mix an electric engine and a
explosion engine.
Moreover, a additional chronicle of the
BMW i3 with significantly extended electric range
that came onto a marketplace in Jul has also led to a noticeable
boost in demand.

 


MINI

also increasing aloft sales sum for a third
quarter
, with a series of vehicles sole worldwide rising
by 10.8% to 89,179 units (2015: 80,488 units), including significant
contributions from a new MINI Clubman and MINI Convertible models.
Nine-month sales of MINI climbed by 7.2% to
264,077 units.

 

Rolls-Royce Motor Cars announced a best ever third
entertain sales opening in a story of a company, adult 12.7% on
a prior year. Demand was seen opposite all Rolls-Royce models,
sum with poignant seductiveness in Dawn and Black Badge Wraith and
Black Badge Ghost. Sales in a nine-month duration from Jan to
Sep totalled 2,625 units, adult 0.8% on a prior year. This
outcome is according to devise and a marque stays assured for a
clever year in 2016.

 

The ceiling trend for a BMW Group in Europe
continued. Nine-month sales in this shred increasing by 10.4% to
807,597 units. Double-digit expansion was available in a series of
markets, including Great Britain (189,712 units; +10.6%), France
(62,340 units; +10.9%) and Italy (59,921 units; +17.7%).

 

Deliveries of BMW Group vehicles in Asia rose by
9.1% to 548,986 units during a nine-month period, including sales on
a Chinese mainland, that grew by 10.7% to 379,461 units. In Japan,
sales volume rose by 9.5% to 55,408 units.

 

The series of vehicles sole in a
Americas
region between Jan and Sep was 6.5% reduce during 338,005
units, including 269,884 units (-8.7%) delivered to business in a USA.


 


Continued sales volume expansion for Motorcycles segment

 

The Motorcycles shred continues to perform well. Worldwide
sales of BMW motorcycles and maxi-scooters during a three-month
duration from July to September totalled 35,290
units, 3.8% some-more than a prior year. Third-quarter
shred revenues
amounted to € 451 million (2015: € 454
million; -0.7%). Earnings were also down on a prior year,
especially due to losses incurred during a start-up proviso of a
series of projects connected with implementing BMW Motorrad’s new
strategy. EBIT came in during € 32 million (2015: € 46
million; -30.4%), while profit before tax also
finished during € 32 million (2015: € 45 million; -28.9%).

 

The shred delivered 116,044 (2015: 112,411) motorcycles and
maxi-scooters to business during a initial nine
months
of a year, an boost of 3.2% compared to the
prior year. At € 1,650 million, segment revenues
were identical to a prior year (2015: € 1,643 million: +0.4%).
EBIT amounted to € 224 million (2015: € 273
million; -17.9%), while profit before tax finished
during € 223 million (2015: € 271 million; -17.7%).

 


Financial Services shred continues to perform well


 

The Financial Services shred continued to grow a business
during a third quarter, again sourroundings new records. A sum of
467,702 new contracts (2015: 420,639 contracts:
+11.2%) were sealed between Jul and Sep in and with
financing and leasing business. The series of lease and
financing contracts
in place with sell business during the
finish of a stating duration increasing to 4,599,674 contracts (30
Sep 2015: 4,227,586 contracts; +8.8%). Segment
revenues
rose significantly to € 6,403 million (2015:
€ 5,621 million), 13.9% aloft than in a prior year’s
homogeneous three-month period. Profit before tax
rose by 22.9% to € 568 million (2015: € 462 million).

 

In total, 1,341,792 (2015: 1,222,165) new
contracts
were sealed during a first 9 months
of a year
relating to financing and leasing business,
9.8% some-more than a prior year. Segment revenues
were 6.2% aloft during € 18,940 million (2015: € 17,833 million).
Profit before tax grew by 8.2% to € 1,641 million
(2015: € 1,517 million).


 


Employee numbers increased


 

The workforce grew by 3.9% year-on-year as at
30 September. At a finish of a stating period, 126,013 people
were employed worldwide (2015: 121,316 people). The BMW Group
continues to combine a recruitment efforts on attracting the
engineers and learned staff, including program and IT experts, who
are indispensable to keep gait with a constantly flourishing direct for the
company’s vehicles and to emanate a innovations that will become
a technologies of tomorrow.

 


BMW Group on march to grasp a financial targets for 2016

 

The BMW Group is assured it will grasp a projected targets
for a stream financial year – mostly interjection to a strong
brands, a appealing product portfolio and a expectancy that
general vehicle markets will continue their generally
ceiling trend. These enlightened factors contrariety with high levels of
upfront output for new technologies, extreme foe and
rising crew expenses. The tellurian domestic and economic
sourroundings is approaching to sojourn volatile.

 

The BMW Group reaffirms a targets for a full year. “We
foresee slight increases and hence new record sum for
Automotive shred sales volume
and profit before
tax
in 2016,” settled Krüger. With a 3 reward brands
– BMW, MINI and Rolls-Royce – a BMW Group is resolutely vigilant on
remaining a world’s heading manufacturer of reward vehicles in 2016.

 


Automotive shred revenues

are also set to grow somewhat over a year, on a behind of
increasing sales volumes. The Automotive segment’s EBIT
margin
in 2016 is foresee to sojourn within a targeted
operation of between 8 and 10%.

 

The BMW Group expects a Motorcycles segment
to continue a ceiling trend for a residue of a stream year.
The new R NineT Scrambler and G 310 R models have given the
product portfolio additional extent and are attracting new customer
groups. A “solid” year-on-year boost in sales
volume
is foresee for a full year.

 

The successful business opening of a Financial
Services shred
is approaching to continue. Despite rising
equity collateral mandate worldwide, for a financial year 2016
a BMW Group forecasts a lapse on equity (RoE) in
line with a prior year (2015: 20.2%) and therefore once again
above the aim rate of during slightest 18%.

 

Forecasts for a stream year are formed on a arrogance that
worldwide mercantile and domestic sourroundings will not change significantly.

 

* * *

 

 

 

The BMW Group – an overview

3rd entertain

2016

3rd entertain 2015

Change in %

Sales volume

    

Automotive

Units

583,499

545,062

7.1

Thereof:   BMW

Units

493,379

463,739

6.4

     MINI

Units

89,179

80,488

10.8

     Rolls-Royce

Units

941

835

12.7

Sales volume Motorcycles

Units

35,290

33,993

3.8

 

 

 

 

 

Workforce 1

 

126,013

121,316

3.9

 

 

 

 

 

EBIT domain Automotive Segment

Percent

8.5

9.1

-0.6 %points

 

 

 

 

 

Revenues


million

23,362

22,345

4.6

Thereof:   Automotive

€ million

21,564

20,970

2.8

   Motorcycles


million

451

454

-0.7

   Financial Services

€ million

6,403

5,621

13.9

   Other Entities


million

1

1

   Eliminations


million

-5,057

-4,701

-7.6

 

 

 

 

 

Profit before financial result
(EBIT)

€ million

2,380

2,354

1.1

Thereof:   Automotive

€ million

1,837

1,912

-3.9

   Motorcycles


million

32

46

-30.4

   Financial Services

€ million

576

465

23.9

   Other Entities


million

6

5

20.0

   Eliminations


million

-71

-74

4.1

 

 

 

 

 

Profit before taxation (EBT)

€ million

2,575

2,263

13.8

Thereof:   Automotive

€ million

2,030

1,845

10.0

   Motorcycles


million

32

45

-28.9

   Financial Services

€ million

568

462

22.9

   Other Entities


million

40

5

   Eliminations


million

-95

-94

-1.1

 

 

 

 

 

Income taxes


million

-754

-684

-10.2

Net profit


million

1,821

1,579

15.3

Earnings per share 2

2.75/2.75

2.39/2.39

15.1

1 Figures bar asleep practice contracts, employees in a work
and non-work phases of pre-retirement part-time operative arrangements
and low salary earners

2 Earnings per share of common stock/preferred stock

The BMW Group – an overview

Jan. – Sept. 2016

Jan. – Sept.

2015

Change in %

Sales volume

    

Automotive

Units

1,746,638

1,644,810

6.2

Thereof:   BMW

Units

1,479,936

1,395,780

6.0

MINI

Units

264,077

246,426

7.2

Rolls-Royce

Units

2,625

2,604

0.8

Sales volume Motorcycles

Units

116,044

112,411

3.2

 

 

 

 

 

Workforce 1

 

126,013

121,316

3.9

 

 

 

 

 

EBIT domain Automotive Segment

Percent

9.1

9.0

+0.1 %points

 

 

 

 

 

Revenues


million

69,229

67,197

3.0

Thereof:   Automotive

€ million

63,250

61,513

2.8

   Motorcycles


million

1,650

1,643

0.4

   Financial Services

€ million

18,940

17,833

6.2

   Other Entities


million

4

4

   Eliminations


million

-14,615

-13,796

-5.9

 

 

 

 

 

Profit before financial result
(EBIT)

€ million

7,562

7,400

2.2

Thereof:   Automotive

€ million

5,778

5,525

4.6

   Motorcycles


million

224

273

-17.9

   Financial Services

€ million

1,696

1,523

11.4

   Other Entities


million

29

139

-79.1

   Eliminations


million

-165

-60

 

 

 

 

 

Profit before taxation (EBT)

€ million

7,741

7,114

8.8

Thereof:   Automotive

€ million

6,041

5,323

13.5

   Motorcycles


million

223

271

-17.7

   Financial Services

€ million

1,641

1,517

8.2

   Other Entities


million

84

126

-33.3

   Eliminations


million

-248

-123

 

 

 

 

 

Income taxes


million

-2,330

-2,270

-2.6

Net profit


million

5,411

4,844

11.7

Earnings per share 2

8.19/8.20

7.35/7.36

11.4/11.4

1 Figures bar asleep practice contracts, employees in a work
and non-work phases of pre-retirement part-time operative arrangements
and low salary earners

2 Earnings per share of common stock/preferred stock

 

 

 

For questions greatfully contact:

 

Corporate Communications

 

Max-Morten Borgmann, Business and Finance Communications

Telephone: +49 89 382-24118, Fax: +49 89 382-24418


Max-Morten.Borgmann@bmwgroup.com

 

Glenn Schmidt, Head of Business and Finance Communications

Telephone: +49 89 382-24544, Telefax: +49 89 382-24418


Glenn.Schmidt@bmwgroup.com

 

Internet:
www.press.bmwgroup.com

e-mail:
presse@bmw.de

 

 

 

The BMW Group

 

With a 3 brands BMW, MINI and Rolls-Royce, a BMW Group is the
world’s heading reward manufacturer of automobiles and motorcycles
and also provides reward financial and mobility services. As a global
company, a BMW Group operates 31 prolongation and public facilities
in 14 countries and has a tellurian sales network in some-more than 140 countries.

 

In 2015, a BMW Group sole approximately 2.247 million cars and
scarcely 137,000 motorcycles worldwide. The distinction before taxation for the
financial year 2015 was approximately € 9.22 billion on revenues
amounting to € 92.18 billion. As of 31 Dec 2015, a BMW Group
had a workforce of 122,244 employees.

 

The success of a BMW Group has always been formed on long-term
meditative and obliged action. The association has therefore established
ecological and amicable sustainability via a value chain,
extensive product shortcoming and a transparent joining to
conserving resources as an constituent partial of a strategy.

 


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