Profit before taxation rises to euro 4,836 million + + Profit before financial outcome climbs to euro 5,094 million + + Automobiles shred reports EBIT of euro 4,355 million + + Record division of euro 1.30 per share proposed

Posted on 30. Nov, 1999 by in BMW Canada

BMW Group posts record gain for 2010

Profit before taxation rises to euro 4,836 million
Profit before financial outcome climbs to euro 5,094 million
Automobiles shred reports EBIT of euro 4,355 million
Record division of euro 1.30 per share proposed

Munich. The BMW Group has achieved new record highs for revenues and gain in 2010, with revenues climbing by 19.3% to euro 60,477 million (2009: euro 50,681 million) and a distinction before taxation (EBT) jumping to euro 4,836 million (2009: euro 413 million). The Group reports a distinction before financial outcome (EBIT) of euro 5,094 million (2009: euro 289 million) and a record net distinction for a year of euro 3,234 million (2009: euro 210 million).

In a light of this clever performance, a Board of Management and a Supervisory Board will introduce to shareholders during a Annual General Meeting on 12 May 2011 that a division be increasing to euro 1.30 (2009: euro 0.30) per share of common batch and euro 1.32 (2009: euro 0.32) per share of elite stock, in both cases representing new all-time highs.

We are intensely gratified with developments over a past financial year. We have set new annals for revenues and organisation gain and have some-more than achieved a targets for a full year. We now wish a shareholders to attend in this success by profitable a record-level dividend. Our appealing indication operation and continued severe doing of a Strategy Number ONE enabled us to urge profitability and potency significantly in 2010, explained Norbert Reithofer, a Chairman of a Board of Management of BMW AG on Thursday in Munich.

In terms of sales volumes, a BMW Group purebred a second-best ever opening in a story with a sum series of BMW, MINI and Rolls-Royce code vehicles delivered to business rising by 13.6% to 1,461,166 units (2009: 1,286,310 units). The BMW Group therefore simply surpassed a aim to boost sales for a full year 2010 to over 1.4 million units and so stays a worlds heading provider of reward cars.

EBIT domain of 8% in Automobiles segment
Significantly aloft sales volume figures, a high-value model-mix, softened transaction prices and reduce element costs resulted in a poignant alleviation in gain in a Automobiles shred in 2010. Revenues grew by 23.8% to euro 54,137 million (2009: euro 43,737 million). The segments EBIT softened to euro 4,355 million (2009: detriment of euro 265 million), while a distinction before taxation increasing to euro 3,887 million (2009: detriment before taxation of euro 588 million). The shred EBIT domain was therefore 8.0%, compared to a full-year EBIT domain of over 7% formerly foresee for a Automobiles segment.

Sales of BMW code cars rose by 14.6% to 1,224,280 units (2009; 1,068,770 units) in 2010 interjection to appealing new models. The new BMW 5 Series for instance accessible a sales volume boost of 35.5% with 238,454 units sole (2009: 175,983 units): this indication has been marketplace personality in a shred given a fourth quarter. The BMW X1 also achieved intensely well, with approximately 100,000 units sole during a initial full year on a markets.

Demand for BMWs flagship, a 7 Series, and for a remaining X-models also remained strong. BMW 7 Series sales rose by 24.9% over a year to 65,814 units (2009: 52,680 units), driven by clever direct in Asia and a light liberation of a North American market. Sales of a BMW X5, that stays a marketplace personality in a segment, rose by 15.0% to 102,178 units (2009: 88,851 units). 46,404 units (2009: 41,667 units) of a BMW X6 were sold, 11.4% some-more than in a prior year.

The MINI code continues to perform well, induction a new sales record in 2010 of 234,175 units (2009: 216,538 units; +8.1%). This opening was helped by a MINI Countryman (14,337 units) launched in September, by a MINI Hatch with 155,841 units sole (2009: 150,043; +3.9%) and by a MINI Convertible that achieved a sales volume of 32,680 units (2009: 28,303; +15.5%).

The Rolls-Royce code also set a new sales record, with a series of vehicles sole in 2010 rising to 2,711 units (2009: 1,002 units; +170.6%).

The BMW Group was means to boost sales volumes in roughly all markets in 2010. Germany remained a largest singular marketplace with 267,160 BMW and MINI code cars sold. In fact, BMW was a usually reward code to have accessible an boost in new automobile registration sum in Germany in 2010.

In a company’s second largest singular market, a USA, a BMW Group was means to boost sales by 10.1% to 266,580 units, so creation BMW once again a best-selling European reward code in a USA in 2010.

Strong expansion rates were also achieved in China, a companys third largest market. The series of cars sole in this shred (including Hong Kong and Taiwan) jumped by 85.3% to 183,328 units.

Impetus for expansion also came from other regions of a world. The series of cars sole in critical rising markets such as Russia, South Korea, Brazil, India and Turkey all increasing during double series rates.

EBIT of euro 71 million for Motorcycles shred in 2010
Despite stability unlucky marketplace conditions, a Motorcycles shred accessible sales volume, revenues and gain expansion in 2010. Revenues increasing by 22.0% to euro 1,304 million (2009: euro 1,069 million), EBIT softened to euro 71 million (2009: euro 19 million) and a distinction before taxation rose to euro 65 million (2009: euro 11 million). In total, 110,113 BMW and Husqvarna code motorcycles were sole in 2010 (2009: 100,358 units; +9.7%).

Sharp arise in gain of Financial Services segment
The Financial Services shred benefitted in 2010 from a appealing operation of products, enlightened refinancing conditions and an softened risk profile. Segment revenues increasing by 5.2% to euro 16,617 million (2009: euro 15,798 million) while a distinction before taxation softened to euro 1,214 million (2009: euro 365 million).

The series of new financing and franchise contracts sealed (1,083,154) was 6.6% adult on a prior year. Compared to a prior year, a franchise business grew by 3.2% and credit financing by 8.1%. Leasing accounted for 28.8% of new business, credit financing for 71.2%. The suit of new BMW and MINI code cars financed by a Financial Services shred was 48.2%, down by 0.8 commission points compared to a prior year.

Workforce of approximately 95,500 employees during finish 2010
The BMW Groups workforce decreased somewhat over a past year as a outcome of a multiple of healthy attrition, pre-retirement part-time operative arrangements and intentional practice agreement stop agreements. The BMW Group workforce comprised 95,453 employees during a finish of a year (2009: 96,230 employees; -0.8%) worldwide. At a commencement of a new training year, a sum of 1,124 immature people were given apprenticeships with a BMW Group.

Reithofer: BMW Group is targeting a new record in sales in 2011
The BMW Group forecasts that sales will continue to rise definitely in a stream year interjection to a appealing indication range. A offset attribute in sales activities between Europe, Asia and America stays a goal. We are targeting record sales of some-more than 1.5 million vehicles in 2011 and design to grasp new highs for all 3 of a brands, settled Reithofer.

In a financial year 2012, a BMW Group aims to grasp an unvaried EBIT domain of 8 to 10 percent in a Automobiles shred and a lapse on equity of during slightest 18% in a Financial Services segment.

Further information on a Group Financial Statements 2010 and a opinion for a stream year will be accessible during a Annual Accounts Press Conference to be hold on 15 Mar 2011 in Munich.

The BMW Group an Overview

For questions greatfully contact:

Corporate and Governmental Affairs

Mathias Schmidt, Finance Communications
Telephone: (+ 49 89) 382-24118, Fax: (+ 49 89) 382-24418


The BMW Group

With a 3 brands BMW, MINI and Rolls-Royce a BMW Group is one of a worlds many successful reward manufacturers of cars and motorcycles. It operates internationally with 24 prolongation sites in 13 countries and a tellurian sales network with illustration in some-more than 140 countries.

During a financial year 2010, a BMW Group sole 1.46 million cars and some-more than 110,000 motorcycles worldwide. The distinction before taxation for 2010 was euro 4.8 billion on revenues amounting to euro 60.5 billion. At 31 Dec 2010, a BMW Group had a workforce of approximately 95,500 employees.

The success of a BMW Group has always been built on long-term meditative and obliged action. The association has therefore determined 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. As a outcome of a efforts, a BMW Group has been ranked attention personality in a Dow Jones Sustainability Indexes for a final 6 years.

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