BMW Group achieves clever third quarter
New highs for sales volume, revenues and earnings
Group revenues adult by 13.7% to € 18.8 billion
Profit before taxation 17.6% aloft during € 1.99 billion
Group distinction increasing by 16.0% to € 1.29 billion
BMW Group reaffirms targets for full year 2012
Munich. The BMW Group continued to perform successfully during a duration underneath news notwithstanding formidable marketplace conditions. Sales volume, revenues and gain sum all constituted new highs to date for a third quarter. Revenues during a three-month duration from Jul to Sep rose by 13.7% to € 18,817 million (2011: € 16,547 million). The distinction before financial outcome (EBIT) increasing by 13.8% to € 2,004 million (2011: € 1,761 million). Third-quarter distinction before taxation (EBT) softened by 17.6% to € 1,987 million (2011: € 1,689 million). Net distinction for a duration came in 16.0% aloft during € 1,289 million (2011: € 1,111 million). The sum series of BMW, MINI and Rolls-Royce code vehicles delivered to business during a third entertain increasing by 9.0% to 434,963 units (2011: 399,218 units).
Revenues for a initial 9 months of a year climbed by 11.6% to € 56,312 million (2011: € 50,472 million). EBIT for a duration softened to € 6,406 million (2011: € 6,358 million; +0.8%), representing an EBIT domain of 11.4%. Nine-month distinction before taxation amounted to € 6,040 million, roughly matching to a prior year’s high spin (2011: € 6,044 million). Adjusted for well-developed equipment in a stream and prior year, Group gain would have risen by approximately 7.2%.
Profit after taxation for a duration from Jan to Sep totalled € 3,915 million (2011: € 4,028 million). The sum series of BMW, MINI and Rolls-Royce code vehicles delivered to business adult to a finish of Sep climbed by 8.3% to a new high of 1,335,502 units (2011: 1,232,584 units).
“We have had a good third quarter, sourroundings new sales volume, revenues and gain annals in a face of a severe marketplace environment. We design serve sales volume expansion for a fourth quarter, even yet it is transparent that we – and indeed a zone as a whole – are approaching to be confronted with inauspicious business conditions”, settled a Chairman of a Board of Management of BMW AG, Norbert Reithofer, on Tuesday in Munich.
Good opening by Automotive segment
Automotive shred revenues increasing by 12.0% in a third entertain to € 17,187 million (2011: € 15,344 million). EBIT amounted to € 1,649 million (2011: € 1,819 million), giving an EBIT domain of 9.6%. Profit before taxation amounted to € 1,703 million (2011: € 1,745 million).
The sales volume boost achieved in a third entertain had a certain impact on reported gain for a period. At a same time, there were also a series of factors, such as increasing output for expansion costs and new technologies and heated competition, that are also reflected in a figures.
In a initial 9 months, revenues rose by 9.3% to € 50,712 million (2011: € 46,391 million). EBIT amounted to € 5,548 million (2011: € 5,935 million), ensuing in an EBIT domain for a Automotive shred 10.9%. Profit before taxation for a nine-month duration finished during € 5,274 million (2011: € 5,647 million). Nine-month giveaway money upsurge for a Automotive shred totalled € 3,840 million.
BMW code sales grew worldwide by 8.6% in a initial 9 months to a new high of 1,109,962 units (2011: 1,021,927 units), underlining a brand’s heading position worldwide in a reward segment. BMW was not usually a personality in terms of sales volume, it was also ranked series one in terms of code value (according to a marketplace investigate hospital Millward Brown, BMW is a many profitable code worldwide within a vehicle sector) and patron compensation (according to a ADAC in Germany, BMW is a code with a many confident customers).
The BMW 1 Series, a BMW X1, a BMW 5 Series and a BMW 6 Series all remained marketplace personality in their applicable segments. Sales of a BMW 1 Series in a nine-month duration from Jan to Sep jumped by 30.5% to 168,426 units (2011: 129,041 units). Sales volume accessible for a BMW 3 Series Sedan rose by 15.5% to 207,365 units (2011: 179,506 units). The new BMW 3 Series Touring has been accessible given a finish of Sep and will emanate additional sales volume movement in a final entertain of a year.
The BMW 5 Series also continues to perform well, with sales adult by 5.3% for a nine-month duration to 263,738 units (2011: 250,566 units). Sales of a new BMW 6 Series some-more than tripled in a same duration to 16,607 units (2011: 5,314 units).
The several models of a BMW X family also continue to suffer a high grade of popularity. Sales of a BMW X1 rose by 8.7% to 102,519 units (2011: 94,294 units), while those of a BMW X3 jumped by 28.7% to 107,833 units (2011: 83,754 units). The BMW X5 and BMW X6 increasing their sales volume by 2.2% and 0.4% respectively to 76,725 units (2011: 75,055 units) and 31,497 units (2011: 31,357).
The sum series of MINI code vehicles sole during a initial 9 months of a year increasing by 7.2% to 223,214 units (2011: 208,216 units). Sales of a MINI Countryman grew strongly again, rising by 21.2% to 75,119 units (2011:61,986 units). The MINI Coupé achieved a sales volume of 8,877 units (2011: 249), while a keys to a MINI Roadster were handed over to 6,932 new customers.
Rolls-Royce continues to perform successfully in a super-luxury segment. With 2,326 units sole worldwide during a duration from Jan to Sep (2011: 2,441 units; -4.7%), nine-month sales volume remained during a likewise high spin to a prior year. The new Rolls-Royce Phantom Series II has been on a marketplace given Sep and is approaching to yield for sales movement during a final entertain of a year.
Sales volume expansion in North America and Asia, tiny boost in Europe
Nine-month sales sum were increasing in roughly all of a regions in that a BMW Group operates. Despite rarely unlucky business conditions in some tools of Europe, in sole a region’s southern countries, sales volume altogether edged adult by 0.8% to 640,207 units. In North America, a series of cars sole rose by 7.4% to 264,207 units, including 235,487 units (+7.1%) sole in a USA.
The BMW Group also remained on a expansion march in Asia, offered 359,103 units (+27.1%) during a duration from Jan to September. Sales in China during a nine-month duration surged by 33.3% to 237,650 units. In Japan, a series of cars sole rose by 21.5% to 42,038 units. The BMW Group strives to grasp an suitable change in sales volume between Europe, North America and Asia, so as not to spin overduly contingent on any one market.
Motorcycles shred sales during prior year’s level
The Motorcycles shred managed to keep sales volume during a prior year’s level, offered 28,876 units (2011: 28,862 units) during a third entertain notwithstanding downturns in some of a world’s markets. Segment revenues were 7.2% aloft during € 358 million (2011: € 334 million). A detriment of € 3 million (2011: detriment of € 16 million) was accessible during EBIT level, while a detriment before taxation amounted to € 4 million (2011: detriment of € 17 million).
The sales volume figure for a nine-month duration edged adult 0.4% to 93,300 units (2011: 92,972 units). Revenues increasing by 3.0% to € 1,216 million (2011: € 1,181 million). Nine-month EBIT softened by 32.3% to € 82 million (2011: € 62 million), distinction before taxation by 33.3% to € 80 million (2011: € 60 million).
Financial Services shred continues to perform well
The Financial Services shred continued to perform good in a third entertain 2012, with revenues adult by 15.0% to € 4,916 million (€ 4,276 million) and distinction before taxation adult by 20.1% to € 425 million (2011: € 354 million).
Nine-month shred revenues grew by 15.4% to € 14,582 million (2011: € 12,640 million). Segment distinction before taxation for a duration amounted to € 1,290 million (2011: 1,527 million; -15.5%).
The series of franchise and financing contracts in place with dealers and sell business during 30 Sep 2012 grew by 5.4% to a sum of 3,745,760 contracts. The series of new financing and franchise contracts sealed in a duration from Jan to Sep rose by 10.9% to 979,322 contracts.
Workforce distance increased
The BMW Group’s workforce increasing during a duration to 30 Sep 2012. The series of employees worldwide rose by 4.3% to 104,668 during a finish of a stating duration (30 Sep 2011: 100,389 employees). The BMW Group continues to partisan engineers and learned workers in sequence to keep gait with persisting clever direct for BMW Group vehicles, to pull forward with innovations and rise new technologies.
1,376 immature people – 1,200 of them in Germany – started their vocational training with a BMW Group during a commencement of a new training year. The series of trainees in Germany was accordingly increasing by some-more than 10%.
BMW Group reaffirms targets for full year
BMW Group stays committed to a targets for a full year. “We are on march to grasp new record sum for sales volume and pre-tax gain in 2012”, settled Reithofer. Conditions on general automobile markets do, however, poise a whole operation of hurdles to a BMW Group. “Like a rest of a sector, we are now commencement to feel some headwind”, continued Reithofer.
The expansion of new technologies and investments in a prolongation network will outcome in aloft output for a Automotive shred in a financial year 2012. A deteriorating marketplace meridian could also have a obvious impact on business. Despite these issues, a BMW Group continues to aim an EBIT domain of between 8% and 10% for a Automotive segment. Provided that a tellurian mercantile meridian does not take a serve spin for a worse, a BMW Group forecasts an EBIT domain for 2012 during a top finish of this corridor.
The Financial Services shred continues to aim a lapse on equity of during slightest 18% in a Financial Services shred for a financial year 2012.
The forecasts for a stream year are formed on a arrogance that worldwide mercantile conditions will not mellow sharply.
The BMW Group intends to grasp a tolerable EBIT domain of between 8% and 10% in 2012 and beyond. However, depending on domestic and mercantile developments, tangible margins could finish adult being above or next a targeted range.
The BMW Group – an overview
The BMW Group’s Interim Report to 30 Sep 2012 is accessible during http://www.bmwgroup.com/bmwgroup_prod/ir/quarterlyreport
For questions greatfully contact:
Mathias Schmidt, Business, Finance and Sustainability Communications
Telephone: + 49 89 382-24118, Fax: 49 89382-24418
Alexander Bilgeri, Head of Business, Finance and Sustainability Communications
Telephone: +49 89 382-24544, Fax: +49 89382-24418
The BMW Group
The BMW Group is one of a many successful manufacturers of automobiles and motorcycles in a universe with a BMW, MINI, Husqvarna Motorcycles and Rolls-Royce brands. As a tellurian company, a BMW Group operates 29 prolongation and public comforts in 14 countries and has a tellurian sales network in some-more than 140 countries.
In 2011, a BMW Group sole about 1.67 million cars and some-more than 113,000 motorcycles worldwide. The distinction before taxation for a financial year 2011 was euro 7.38 billion on revenues amounting to euro 68.82 billion. At 31 Dec 2011, a BMW Group had a workforce of approximately 100,000 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 8 years.