BMW Group continues the march of essential growth

Posted on 03. Aug, 2016 by in BMW Canada

  • Second quarter: sales volume and gain during record levels
  • Sustainable profitability: 25th uninterrupted entertain to achieve
    automotive shred EBIT domain within aim operation of between 8 and
    10% or higher
  • BMW Group reaffirms opinion for full year 2016
  • Strong direct for BMW i and BMW iPerformance models
  • Cooperation with Intel and Mobileye underlines expostulate to lead the
    domain of programmed driving

 

 


Munich.

The BMW Group continued a march of essential expansion during
a second entertain of 2016, while also holding critical decisions
for a destiny in line with a Strategy
Number ONE NEXT. As a world’s leading
provider of reward products and services for sole mobility,
a BMW Group available a best ever quarterly sales volume and net
distinction sum between Apr and June. The partnership with Intel
and Mobileye underlines a BMW Group’s aspiration to play a leading
purpose in building protected and arguable programmed driving.

 

“We sole some-more vehicles in a second entertain than ever before
and achieved record earnings. We are flourishing profitably while
concurrently implementing a plan step by step,” stated
Harald Krüger, Chairman of a Board of Management of BMW
AG
, on Tuesday. “Sustainable profitability on this scale
provides us with a financial headroom we need to pursue a work
on destiny technologies such as electric mobility and automated
driving. For me, there is no “either/or” between a benefaction and the
future. The strength of today’s core business is a cornerstone for
tomorrow’s success.”

 


Second-quarter sales volume

of a BMW Group’s 3 premium brands (BMW,
MINI and Rolls-Royce) climbed by 5.7% to 605,534 units (2015:
573,079 units), thereby imprinting a new high for a quarter.
Once again, a BMW Group was a world’s heading manufacturer of
reward vehicles.


Second-quarter revenues

rose by 4.5% to € 25,014 million (2015: € 23,935 million). At €
2,725 million, profit before financial result
(EBIT) was 7.9% aloft than one year progressing (2015: € 2,525
million). Group distinction before tax (EBT) increased
by 8.4% to a new high turn of € 2,798 million (2015:
€ 2,582 million). Group net profit rose by 11.4% to
€ 1,949 million (2015: € 1,749 million), also imprinting a new record
for a second quarter.

 


BMW Group achieves best ever six-month sum in initial half
of 2016

 


Six-month sales

available by a Automotive shred rose by 5.8% to strech a new
high of 1,163,139 units (2015: 1,099,748 units). The plan of
balancing sales worldwide continued to compensate off, allowing
fluctuations in some markets to be offset.

 


Six-month revenues

edged adult by 2.3% to € 45,867 million (2015: € 44,852 million).
Profit before financial result (EBIT) rose by
2.7% to € 5,182 million (2015: € 5,046 million). Group
distinction before tax
(EBT) increasing by 6.5% to a new
all-time high turn of € 5,166 million (2015: € 4,851 million).
Group net profit rose by 10.0% to € 3,590 million
(2015: € 3,265 million), also imprinting a new record for a initial six
months of a year.

 


Automotive segment: EBIT domain during tip finish of aim range


 


Second-quarter revenues of a Automotive shred

grew by 5.6% to € 22,872 million (2015: € 21,650 million).
EBIT rose neatly to € 2,178 million (2015: € 1,819
million; +19.7%). The EBIT margin in a Automotive
shred came in during 9.5% (2015: 8.4%), a 25th uninterrupted quarter
within a aim operation of between 8 and 10% or higher.
Segment distinction before taxation rose by 23.5% from
€ 1,844 million to € 2,277 million.

 

“A demeanour during a EBIT domain for a past 25 buliding shows that
we do not usually concentration on short-term results. More importantly, we
combine on what we cruise to be a primary responsibility:
delivering consistently good results, even in flighty times, in
sequence that we can financial and figure a company’s destiny formed on
a possess underlying strength,” forked out Friedrich
Eichiner, member of a Board of Management obliged for Finance
.

 

Six-month revenues of a Automotive segment
grew by 2.8% to € 41,686 million (2015: € 40,543 million). Segment
EBIT increasing to € 3,941 million (2015: € 3,613
million; +9.1%), ensuing in an EBIT margin of
9.5% (2015: 8.9%). Profit before tax improved
neatly to € 4,011 million (2015: € 3,478 million; +15.3%).

 

Sales of BMW code vehicles in a second
entertain
rose by 5.7% to a new high of 507,814 units (2015:
480,465 units). The homogeneous six-month figure of
986,557 units (2015: 932,041 units; +5.8%) also pennyless all existing
records. Tailwind came from several directions, including sales of the
BMW Group’s flagship model, a BMW 7 Series, and a BMW X models.
Six-month deliveries of a BMW 7 Series were 31.7%
adult on a prior year. Additional movement is approaching to come from
a plug-in hybrid chronicle of a 740e and from a tip indication BMW
M760Li xDrive. Sales of a BMW X1 during the
six-month duration jumped by 61.7% to 94,156 units, while
BMW 2 Series deliveries to business were adult by 52.4%
to 97,949 units. The BMW X3 available a 16.6%
increase, with sales volume rising to 77,486 units.

 

Demand for electrified BMW i and
iPerformance models versed with a plug-in hybrid
expostulate complement grew quite strongly in Europe. In June, electric
vehicles accounted for 4 per cent of all BMW vehicles sole in
Western Europe. The commission is significantly aloft in markets
compelling electric mobility in a form of financial incentives and
infrastructural measures. In a Netherlands, 14.9% of all BMW
vehicles sole in Jun were BMW i or BMW iPerformance models. The
homogeneous suit in Scandinavia was 13.2%.

 

The BMW Group now offers 7 electrified models including
plug-in hybrids, such as a new BMW 740e or the
recently launched BMW 330e and BMW 225xe
Active Tourer
, and a entirely electric BMW
i3
. Thanks to a stretched operation of electrified models, sales
of this form of car in a initial 6 months of a year were just
underneath 87% aloft than a same duration final year: a sum of 23,675
have been delivered to business worldwide. Furthermore, to a finish of
Jul 2016, over 7,000 orders had been perceived for a additional BMW
i3 indication with significantly extended battery range, that only
distinguished a marketplace launch in July. This is some-more than 3 times
a figure of orders perceived for a initial era BMW i3 during the
homogeneous launch period.

 


MINI

also available a new high for deliveries to business in the
second quarter. Worldwide sales were 5.4% higher
during 96,587 units (2015: 91,626 units), with movement entrance in
sole from a new MINI Clubman and a MINI Convertible.
Six-month sales at MINI climbed by 5.4% to
174,898 units.

 


Rolls-Royce Motor Cars

achieved a new sales volume record of 1,133 units in the
second quarter (2015: 988 units; +14.7%). This
opening was helped by a clever grant done by a new
Rolls-Royce Dawn, of that 514 units had been sole given a market
launch in March. The serve of this latest member to a family
supposing a approaching boost to a brand’s sales figures, that had
been influenced in a early months of a year by a production
changeover. Worldwide sales for a six-month duration totalled 1,684
units (2015: 1,769 units; -4.8%).

 

The ceiling trend for a BMW Group continued in
Europe, with six-month sales adult 11.2% year-on-year to
543,270 units. Double-digit expansion was available in a series of
markets, including Great Britain (+10.7%; 122,720 units), France
(+12.0%; 43,314 units) and Italy (+15.2%; 41,455 units).

 

Deliveries of BMW Group vehicles in Asia during the
six-month duration rose by 7.3% to 361,568 units, including 247,817
units sole on a Chinese mainland (+7.4%) and 36,598 units in Japan (+7.8%).

 

Sales volume in a
Americas
shred during a six-month duration fell by 8.0% to 223,098
units, including 179,102 units (-10.2%) sole in a USA.

 


Motorcycles shred exceeds sales volume of 80,000 units for
a initial time in a initial half of a year – sales superintendence raised

 

The Motorcycles shred continues to perform well. At 46,966
units, second-quarter sales of BMW motorcycles and
maxi-scooters worldwide remained during a prior year’s high level
(47,048 units; -0.2%). Segment revenues totalled
€ 617 million in a second quarter, identical to one year earlier
(2015: € 622 million; – 0.8%). Earnings, however, were down on the
prior year, due to starting a series of projects that support
a doing of a Motorcycles segment’s new strategy.
EBIT amounted to € 98 million (2015: € 112 million;
-12.5%), while profit before tax finished during € 97
million (2015: € 112 million; -13.4%).

 

For a initial time in a initial half of a year, some-more than 80,000
motorcycles and maxi-scooters were delivered to business during the
first half of 2016. Sales volume during the
duration from Jan to Jun increasing by 3.0% to 80,754 units (2015:
78,418 units) – a fourth unbroken record figure for a first
half of a year. At € 1,199 million, segment
revenues
were during a identical turn to a prior year
(2015: € 1,189 million: +0.8%). EBIT amounted to
€ 192 million (2015: € 227 million; -15.4%), while profit
before tax
finished during € 191 million (2015: € 226
million; -15.5%). The Motorcycles segment’s sales volume performance
is approaching to urge serve during a second half of the
year
interjection to a appealing and immature indication range. For
a full year, a plain (previously: slight) boost in sell sales
is expected.

 


Financial Services shred continues to perform well


 

The Financial Services shred put in another convincing
opening during a stating period, again sourroundings new records.
In total, 460,718 (2015: 416,961) new contracts
were sealed in a second entertain in and with financing and
leasing business, 10.5% some-more than in a prior year. The number
of lease and financing contracts in place with
sell business and dealers increasing to 4,890,279 contracts during the
finish of a stating duration (30 Jun 2015: 4,500,056 contracts;
8.7%). Segment revenues rose by 5.7% to € 6,505
million (2015: € 6,154 million). Profit before tax
edged adult to € 503 million (2015: € 496 million; +1.4%).

 

In total, 874,090 (2015: 801,526) new contracts
were sealed during a first half of a year
relating to financing and leasing business, 9.1% some-more than in the
analogous duration of a prior year. Segment
revenues
were 2.7% aloft during € 12,537 million (2015:
€ 12,212 million). Profit before tax grew
marginally to € 1,073 million (2015: € 1,055 million; +1.7%).


 


Employee numbers somewhat up


 

The distance of a BMW Group workforce during 30 June
2016 increasing by 3.4% year-on-year. The BMW Group employed a total
workforce of 123,597 people worldwide during a finish of a reporting
duration (2015: 119,489 people). The BMW Group continues to recruit
engineers and learned workers, including program and IT experts, in
sequence to keep gait with a constantly flourishing direct for BMW Group
vehicles and to forge forward with artistic innovations, developing
a technologies of tomorrow.

 

 


BMW Group on lane to grasp superintendence for full year 2016

 

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

 

The BMW Group reaffirms a targets for a full year. “We
foresee slight increases, and hence new record figures, for
Automotive shred sales volume
and profit before
tax
in 2016,” settled Krüger. With a 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 as a whole on the
behind of aloft sales volumes. The EBIT margin of
a Automotive shred in 2016 is foresee to sojourn within the
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 plain (previously: slight) 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’s turn (2015: 20.2%), once again above
the aim rate of during slightest 18%.

 

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

 

* * *

 

 

The BMW Group – an overview

2nd entertain

2016

2nd entertain 2015

Change in %

Sales volume

    

Automotive

Units

605,534

573,079

5.7

Thereof:   BMW

Units

507,814

480,465

5.7

MINI

Units

96,587

91,626

5.4

Rolls-Royce

Units

1,133

988

14.7

Sales volume Motorcycles

Units

46,966

47,048

-0.2

 

 

 

 

 

Workforce 1

 

123,597

119,489

3.4

 

 

 

 

 

EBIT domain Automotive Segment

Percent

9.5

8.4

+1.1 %points

 

 

 

 

 

Revenues


million

25,014

23,935

4.5

Thereof:     Automotive

€ million

22,872

21,650

5.6

    Motorcycles


million

617

622

-0.8

   Financial Services

€ million

6,505

6,154

5.7

   Other Entities


million

2

1

100.0

   Eliminations


million

-4,982

-4,492

-10,9

 

 

 

 

 

Profit before financial result
(EBIT)

€ million

2,725

2,525

7.9

Thereof:   Automotive

€ million

2,178

1,819

19.7

   Motorcycles


million

98

112

-12.5

   Financial Services

€ million

529

503

5.2

   Other Entities


million

12

94

-87.2

   Eliminations


million

-92

-3

 

 

 

 

 

Profit before taxation (EBT)

€ million

2,798

2,582

8.4

Thereof:   Automotive

€ million

2,277

1,844

23.5

   Motorcycles


million

97

112

-13.4

   Financial Services

€ million

503

496

1.4

   Other Entities


million

46

144

-68.1

   Eliminations


million

-125

-14

 

 

 

 

 

Income taxes


million

-849

-833

-1.9

Net profit


million

1,949

1,749

11.4

Earnings per share 2

2.95/2.96

2.66/2.67

10.9/10.9

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

1st half year 2016

1st half year 2015

Change in %

Sales volume

    

Automotive

Units

1,163,139

1,099,748

5.8

Thereof:   BMW

Units

986,557

932,041

5.8

MINI

Units

174,898

165,938

5.4

Rolls-Royce

Units

1,684

1,769

-4.8

Sales volume Motorcycles

Units

80,754

78,418

3.0

 

 

 

 

 

Workforce 1

 

123,597

119,489

3.4

 

 

 

 

 

EBIT domain Automotive Segment

Percent

9.5

8.9

+0.6 %points

 

 

 

 

 

Revenues


million

45,867

44,852

2.3

Thereof:     Automotive

€ million

41,686

40,543

2.8

    Motorcycles


million

1,199

1,189

0.8

   Financial Services

€ million

12,537

12,212

2.7

   Other Entities


million

3

3

   Eliminations


million

-9,558

-9,095

-5,1

 

 

 

 

 

Profit before financial result
(EBIT)

€ million

5,182

5,046

2.7

Thereof:   Automotive

€ million

3,941

3,613

9.1

   Motorcycles


million

192

227

-15.4

   Financial Services

€ million

1,120

1,058

5.9

   Other Entities


million

23

134

-82.8

   Eliminations


million

-94

14

 

 

 

 

 

Profit before taxation (EBT)

€ million

5,166

4,851

6.5

Thereof:   Automotive

€ million

4,011

3,478

15.3

   Motorcycles


million

191

226

-15.5

   Financial Services

€ million

1,073

1,055

1.7

   Other Entities


million

44

121

-63.6

   Eliminations


million

-153

-29

 

 

 

 

 

Income taxes


million

-1,576

-1,586

0.6

Net profit


million

3,590

3,265

10.0

Earnings per share 2

5.44/5.45

4.96/4.97

9.7/9.7

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

 

Nikolai Glies, Head of Business and Finance Communications

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


Nikolai.Glies@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.

 


www.bmwgroup.com

Facebook:
http://www.facebook.com/BMWGroup

Twitter:
http://twitter.com/BMWGroup

YouTube:
http://www.youtube.com/BMWGroupview

Google+:
http://googleplus.bmwgroup.com

Tags: ,

Comments are closed.