BMW Group reports record sum for initial quarter
Best first-quarter opening in corporate history
Profit before financial outcome rises to € 2.13 billion
Profit before taxation adult to € 2.07 billion
Automotive shred EBIT climbs to € 1.87 billion
Targets for financial year 2012 reaffirmed
Munich. The BMW Group has had a successful start in a new financial year. “We have accessible a best first-quarter sum ever — for sales volume, revenues and gain — in a BMW Group’s corporate history”, pronounced Norbert Reithofer, a Chairman of a Board of Management of BMW AG on Thursday in Munich. The categorical reasons for this certain opening are a clever direct worldwide for a BMW Group’s appealing vehicles, a strength of a BMW, MINI and Rolls-Royce brands as good as improvements in efficiency.
First-quarter organisation revenues rose by 14.1% to € 18,293 million (Q1 2011: € 16,037 million). Profit before financial outcome (EBIT) rose by 18.8% to € 2,132 million (Q1 2011: € 1,795 million), while distinction before taxation (EBT) climbed by 21.8% to € 2,076 million (Q1 2011: € 1,705 million). Group net distinction increasing by 18.1% and reached € 1,349 million (Q1 2011: € 1,142 million).
First-quarter EBIT domain of 11.6% for Automotive Segment
The series of vehicles sole by a BMW Group during a initial entertain 2012 rose by 11.2% to 425,528 units (Q1 2011: 382,758 units), with a BMW, MINI and Rolls-Royce brands all recording new sales volume highs.
Revenues and gain in a Automotive shred increasing accordingly: shred revenues rose by 12.4% to € 16,159 million (Q1 2011: € 14,373 million). EBIT increasing by 10.0% to strech € 1,878 million (Q1 2011: € 1,708 million), ensuing in an EBIT domain for a Automotive shred of 11.6%. Profit before taxation increasing to € 1,820 million (Q1 2011: € 1,605 million; +13.4%). This clever opening enabled a Automotive shred to beget a giveaway money upsurge of € 1,635 million during a initial entertain (Q1 2011: € 1,624 million).
The BMW code accessible worldwide enlargement of 11.0% in a initial entertain with sales of 356,548 units (Q1 2011: 321,175 units). Sharp enlargement was accessible for a new BMW 1 Series, sales of that increasing by 20.2% to 54,160 units (Q1 2011: 45,075 units). The new BMW 3 Series Sedan, that has been on a marketplace given February, also got off to a clever start with first-quarter sales adult by 13.6%. The sum series of BMW 3 Series vehicles handed over to business during a stating duration increasing by 3.9% to 91,189 units (Q1 2011: 87,762 units).
Sales of a new BMW 6 Series jumped to 4,651 units (Q1 2011: 789 units). The BMW 6 Series Gran Coupé — a initial four-door Coupé in a brand’s story — will spin accessible in Jun and yield serve impetus. The BMW 7 Series accessible a first-quarter sales volume of 17,786 units (Q1 2011: 14,817 units), an boost of 20.0%.
The several models of a X Series continue to perform well. First-quarter sales of a BMW X1 rose by 8.4% to 29,532 units (Q1 2011: 27,238 units). The new BMW X3 purebred clever growth, with worldwide sales surging by 55.3% to 35,248 units (Q1 2011: 22,693 units). The BMW X5 confirmed a position as shred personality interjection to a 14.7% boost in sales volume to 26,563 units (Q1 2011: 23,149 units). Sales of a BMW X6 during a duration went adult by 13.7% to 11,048 units (Q1 2011: 9,715).
The MINI code also achieved a new sales volume record, with sales adult in a initial entertain by 12.1% to 68,210 units (Q1 2011: 60,860 units). The launch of new models gave a boost to a MINI sales performance; for instance a MINI Coupé was handed over to 3,029 business during a three-month period, while a Roadster — that was initial launched in Mar 2012 — had already gained 980 business by a finish of a quarter. Sales of a MINI Countryman grew strongly by 36.8% to 22,001 units (Q1 2011:16,078 units). The MINI code continues to beget a really high-value sales product mix: during a entertain underneath news 19.6% of business opted for a MINI One, 44.3% for a MINI Cooper and 36.1% for a MINI Cooper S.
The Rolls-Royce Motor Cars’ success story within a super-luxury shred continued with a code induction a best first-quarter sales opening ever with 770 units sole (Q1 2011: 723 units; +6.5%). The Rolls-Royce Phantom Series II was presented during a Geneva Motor Show during a commencement of Mar and will be launched in a markets during a second half of a year.
The BMW Group increasing first-quarter sales volumes in roughly all of a world’s regions. Sales in Europe edged adult by 0.5% to 201,063 units. New sales volume highs were accessible in both North America and Asia. In total, 83,177 vehicles were handed over to business in North America during a duration underneath report, 16.7% some-more than in a analogous entertain final year. Sales in a USA rose by 16.5% to 75,931 units.
The BMW Group continued to register clever enlargement in Asia, offered 118,880 units (+31.9%) during a duration from Jan to March. A sum of 80,218 units (+36.6%) were sole in China. In Japan, a series of cars sole rose by 44.4% to 13,994 units.
Higher sales volume, revenues and gain for Motorcycles segment
Also in a Motorcycles segment, first-quarter sales volume, revenues and gain were all aloft than in a prior year. Segment revenues increasing by 12.8% to € 448 million (Q1 2011: € 397 million). EBIT softened by 19.4% to € 37 million (Q1 2011: € 31 million) and distinction before taxation by 23.3% to € 37 million (Q1 2011: € 30 million). First-quarter motorcycle sales picked adult by 7.8% to strech 27,015 units (Q1 2011: 25,049 units). This enclosed 24,373 BMW code motorcycles (Q1 2011: 23,109 units; +5.5%), a best first-quarter sales opening in a company’s history. Husqvarna motorcycle sales jumped by 36.2% to 2,642 units (Q1 2011: 1,940 units).
Successful initial entertain for Financial Services segment
The Financial Services shred also started a year well. Segment revenues totalled € 4,800 million (Q1 2011: € 4,183 million), 14.8% forward of a prior year’s initial quarter. The distinction before taxation edged adult by 1.2% to € 434 million (Q1 2011: € 429 million).
The series of franchise and financing contracts in place with dealers and sell business during a finish of a stating duration grew by 12.8% to 3,646,111 contracts. This figure includes 260,038 contracts of a ING Car Lease (ICL) Group, that was acquired in 2011. The series of new financing and franchise contracts sealed in a duration from Jan to Mar rose by 10.5% to 305,984 contracts, 22,367 of that are attributable to a ICL Group. Leasing business grew by 24.9%, credit financing by 4.3%.
Workforce distance increased
The BMW Group’s workforce also increasing in a duration to 31 Mar 2012. The series of employees worldwide went adult by 5.4% to 101,260 during a finish of a stating duration (Q1 2011: 96,045). One of a reasons for a boost was a merger of a ICL Group. In addition, learned workers and engineers continue to be recruited in sequence to keep gait with steadfastly clever direct for BMW Group vehicles, to pull innovations and to concentration on a expansion of new technologies.
BMW Group reaffirms targets for full year
In perspective of record sales volume sum in a initial quarter, a clever order-book, a uninformed and appealing indication operation as good as a successful launch of a new BMW 3 Series Sedan, a BMW Group is assured about a prospects for a stream year. The targets set for a full year sojourn in place: “We are still aiming to grasp new record sum for sales volume and pre-tax gain in 2012”, settled Reithofer. “The BMW Group skeleton to grow faster than a marketplace as a whole in a stream year and expects to grasp new sales volume annals for a BMW, MINI and Rolls-Royce brands”, continued Reithofer.
The BMW Group continues to aim an EBIT domain between 8 and 10% in a Automotive segment. Provided that a tellurian mercantile meridian does not take a spin for a worse, a BMW Group forecasts an EBIT domain for 2012 during a top finish of this corridor. Investment in new technologies and a enlargement of a prolongation network will outcome in aloft output for a financial year 2012.
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 sojourn stable.
With a Strategy Number ONE, a BMW Group has set a march for a successful future. This is also reflected in a certain expansion of sales volume, revenues and earnings. Profitable enlargement will be achieved by rising new products in all car segments and by enchanting in new markets. The BMW Group is targeting a worldwide sales volume of some-more than dual million vehicles in 2016.
The BMW Group – an Overview
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 25 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 7 years.
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