BMW Group creates certain start to a year

Posted on 07. May, 2016 by in BMW Canada

New sales volume and gain annals in initial quarter

Profit before taxation 4.4% aloft during € 2.37 billion

EBIT domain of 9.4% in Automotive segment

Group net distinction adult by 8.2% to € 1.64 billion

BMW Group reaffirms opinion for full year 2016

 

 


Munich.

The BMW Group continued to expostulate a successful march during the
commencement of an critical year of centenary celebrations by posting
new highs for sales volume and gain in a initial entertain of
2016.

 

“Our first-quarter opening is serve explanation of a ability
to beget certain gain with a core business, notwithstanding a
flighty environment,” settled Harald Krüger,
Chairman of a Board of Management of BMW AG, on Tuesday. “The
wilful cause for us is not short-term distinction though sustainable,
essential growth. From this position of strength, we intend to play
a pioneering purpose in transforming and moulding a universe of
particular mobility going forward.” The BMW Group presented its
Strategy Number ONE NEXT in March, setting
a horizon for a continued joining to expostulate a change of
a destiny mobility.

 

In a Automotive segment, sales volume for the
BMW Group rose by 5.9% to a sum of 557,605 units (2015: 526,669
units) in a initial 3 months of a year, so sourroundings a new
initial entertain record.

 

At € 20,853 million, Group revenues for the
duration from Jan to Mar were during a identical turn to a previous
year (2015: € 20,917 million; -0.3%), shabby by increasing sales
volume on a one palm and unlucky banking factors (such as
a value of a British bruise and a Chinese renminbi opposite the
euro) on a other. Profit before financial result
(EBIT) amounted to € 2,457 million (2015: € 2,521 million; -2.5%).
Group distinction before tax (EBT) increasing by 4.4%
to a new record turn of € 2,368 million (2015: € 2,269 million).
Group net profit rose by 8.2% to € 1,641 million
(2015: € 1,516 million), also imprinting a new initial entertain record.

 


Automotive segment: EBIT domain during top finish of aim range


 

At € 18,814 million, Automotive segment
revenues
were during a identical turn to a prior year
(2015: € 18,893 million; -0.4%). EBIT amounted to
€ 1,763 million, also entrance really tighten to a prior year’s
figure (2015: € 1,794 million; -1.7%). The EBIT


margin

in a Automotive shred came in during 9.4% (2015: 9.5%) and was
therefore once again in a top half of a targeted operation between
8 and 10%. Profit before taxation rose by 6.1% from
€ 1,634 million to € 1,734 million.

 

The BMW code set a new sales volume record, with
478,743 units (2015: 451,576 units; +6.0%) sole in a initial quarter.
Tailwind came from several areas, including a contributions done by
a BMW Group’s flagship model, a BMW 7 Series, and a BMW X
models. First-quarter deliveries of a BMW 7 Series
were 20.3% forward of a prior year. In further a BMW 7 Series
plug-in-hybrid and a BMW M760Li xDrive will come to marketplace this
year. Sales of a BMW X1 in a three-month period
jumped by 67.6% year-on-year to 51,002 units. The BMW
X3
available a 26.9% sales volume boost to 38,719 units,
and a BMW X6 was 15.2% adult on a prior year
(11,043 units). Customers took smoothness of 5,128 electrically powered
BMW i vehicles worldwide during a initial three
months of a year, bringing a sum series sole given marketplace launch
during a finish of 2013 to over 50,000 units. An additional chronicle of the
BMW i3 with an electric operation of adult to 300 kilometres
in a customary cycle (NEDC) is approaching to kindle direct from
summer onwards. Even in bland use, in bad continue conditions and
with a atmosphere conditioning or heating incited on, adult to 200 kilometres
of operation can be achieved on one full battery charge.

 


MINI

available a new high for deliveries to business in a first
entertain as well, with worldwide sales 5.4% aloft during 78,311 units
(2015: 74,312 units). Strong movement came from a new MINI
Clubman, of that some-more than 12,000 units were sole during the
three-month period.

 

First-quarter sales of
Rolls-Royce Motor Cars
were influenced by a series of factors, including domestic and
mercantile uncertainties, many particularly in a Middle East.
Preparations for a marketplace launch of a Dawn also had an impact.
In total, 551 units were handed over to business during a period
underneath news (2015: 781 units; -29.4%). The new Rolls-Royce Dawn
done a entrance during a finish of March. Order intake is good and is
approaching to kindle demand.

 

The certain trend for a BMW Group continued in
Europe, where first-quarter sales of 257,120 units
were adult 9.5% on a prior year. Numerous markets in a region
available sales volume growth, even on a double-digit scale in some
countries, including Great Britain (+10.5%; 59,169 units), France
(+10.7%; 20,816 units) and Italy (+11.5%; 19,951 units).

 

First-quarter sales of BMW Group vehicles in Asia
rose by 9.9% to 183,204 units, including 127,167 units sole on the
Chinese mainland (+10.5%) and 18,703 units in Japan (+8.8%).

 

Deliveries to business in a
Americas region
decreased by 8.7% to 100,245 units, including 81,601 units
(-10.8%) sole in a USA.

 


Motorcycles shred sets new sales volume record

 

The Motorcycles shred continues to perform well. The series of
BMW motorcycles sole to business worldwide given a commencement of
a year rose by 7.7% to 33,788 units, with a BMW R 1200 GS
long-distance enduro and a sister model, a BMW R 1200 GS
Adventure, remaining BMW Motorrad’s best-selling models. The Boxer
GS also achieved well, with 11,391 units sole worldwide during the
three-month period. First-quarter segment revenues
were 2.6% aloft during € 582 million (2015: € 567 million) on
a behind of good sales volumes. EBIT amounted to
€ 94 million (2015: € 115 million; -18.3%), while profit
before tax
also finished during € 94 million (2015: € 114
million;
-17.5%).

 


Financial Services shred continues to perform well

 

The Financial Services shred continued to perform good during
a duration from Jan to March, sourroundings a new initial quarter
record. In total, 413,372 (2015: 384,565) new
contracts
were sealed in and with financing and
leasing business in a initial quarter, 7.5% some-more than in the
prior year. The series of lease and financing
contracts
increasing by 8.3% to a sum of 4,786,441
contracts during a finish of a stating duration (2015: 4,419,817
contracts).

 

At € 6,032 million, segment revenues were during a
identical turn to a prior year (2015: € 6,058 million: -0.4%).
Segment profit before tax softened by 2.0% to € 570
million (2015: € 559 million) on a behind of increasing business volumes.

 


Workforce increased

 

The distance of a workforce increasing by 4.4%
compared with a finish of a initial entertain of a prior year.
Overall, a BMW Group employed a workforce of 122,692 people
worldwide during a finish of a stating duration (2015: 117,554). The
BMW Group continues to partisan engineers and learned workers in
sequence to keep gait with a rising direct for BMW Group vehicles,
pull forward with innovations and rise new technologies.

 


BMW Group reaffirms targets for full year 2016

 

The BMW Group stays assured in achieving a forecast
targets for a stream financial year interjection to a clever 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, heated 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 so new record total for
sales volume
in a Automotive shred and group
profit before tax in 2016,” settled Krüger. The BMW
Group also resolutely intends to sojourn a world’s heading premium
manufacturer of vehicles in 2016.

 


Automotive shred revenues

are also set to grow somewhat over a year as a whole backed
by aloft sales volumes. In 2016, a EBIT margin
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 in a stream year.
The new R
NineT Scrambler and G 310 R models denounced during trade fairs final autumn
have given a product portfolio additional extent and are attracting
new patron groups. A 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, a BMW Group forecasts
a lapse on equity (RoE) for a full financial
year 2016 during a identical turn to a prior year (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

1st quarter
2016

1st quarter
2015

Change in %

Sales volume

 

 

Automotive

Units

557,605

526,669

5.9

Thereof:   BMW

Units

478,743

451,576

6.0

MINI

Units

78,311

74,312

5.4

Rolls-Royce

Units

551

781

-29.4

Sales volume Motorcycles

Units

33,788

31,370

7.7

 

 

 

 

 

Workforce 1

 

122,692

117,554

4.4

 

 

 

 

 

EBIT margin
Automotive
Segment

Percent

9.4

9.5

-0.1 %Points

 

 

 

 

 

Revenues


million

20,853

20,917

-0.3

Thereof:   Automotive

€ million

18,814

18,893

-0.4

   Motorcycles


million

582

567

2.6

   Financial Services

€ million

6,032

6,058

-0.4

   Other Entities


million

1

2

-50.0

   Eliminations


million

-4,576

-4,603

0.6

 

 

 

 

 

Profit before financial result
(EBIT)

€ million

2,457

2,521

-2.5

Thereof:   Automotive

€ million

1,763

1,794

-1.7

   Motorcycles


million

94

115

-18.3

   Financial Services

€ million

591

555

6.5

   Other Entities


million

11

40

-72.5

   Eliminations


million

-2

17

 

 

 

 

 

Profit before taxation (EBT)

€ million

2,368

2,269

4.4

Thereof:   Automotive

€ million

1,734

1,634

6.1

   Motorcycles


million

94

114

-17.5

   Financial Services

€ million

570

559

2.0

   Other Entities


million

-2

-23

91.3

   Eliminations


million

-28

-15

-86.7

 

 

 

 

 

Income taxes


million

-727

-753

3.5

Net profit


million

1,641

1,516

8.2

Earnings per share 2

2.48/2.48

2.30/2.30

7.8/7.8

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 30 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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