BMW Group aims to serve boost gain in 2011
EBIT domain of over 8% approaching in Automobiles shred
Sales volume of good in additional of 1.5 million vehicles targeted
Margin of 8% to 10% for Automobiles reliable for 2012
Munich. The BMW Group can demeanour forward with certainty during a stream financial year interjection to a appealing operation of models. We intend to serve urge a Group gain in a stream year, settled Norbert Reithofer, Chairman of a Board of Management of BMW AG on Tuesday in Munich. We aim to grasp an EBIT domain of over 8% in a Automobiles segment. Sales volume is approaching to arise to good over 1.5 million units, a new all-time high, with a BMW, MINI and Rolls-Royce brands all achieving new sales volume records, he added. With this performance, a BMW Group intends to strengthen a position as a worlds heading manufacturer of reward cars.
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. We trust there is also good possibility of achieving a aim mezzanine of 8% to 10% in a Automobiles shred over a year 2012, continued Reithofer. This aim is formed on a arrogance that a tellurian economy will continue to make fast progress. It is also possible, however, depending on domestic and mercantile developments that a tangible EBIT domain will be aloft or reduce than a targeted operation for a duration after 2012.
The association achieved new annals for revenues and organisation distinction in 2010. Revenues climbed by 19.3% to euro 60,477 million (2009: euro 50,681 million). The distinction before taxation (EBIT) rose steeply 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: 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. Continued severe doing of a Strategy Number ONE has enabled us to make good swell in terms of profitability and efficiency. Our appealing operation of models and clever sales volume expansion have also contributed to a expansion in earnings, continued Reithofer.
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). As a result, a BMW Group simply achieved a aim of lifting sales volume for a full year 2010 to over 1.4 million units.
Free money upsurge of euro 4,471 million generated in Automobiles shred
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 segment. Revenues rose 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 shred was therefore 8.0%: compared to a full-year EBIT domain of over 7% formerly foresee for a Automobiles segment. As a outcome of these certain developments, giveaway money upsurge for a year rose to euro 4,471 million (2009: euro 1,456 million).
Sales of BMW code cars rose by 14.6% to 1,224,280 units (2009; 1,068,770 units) in 2010 interjection to new appealing models. The new BMW 5 Series for instance available 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 American market. Sales of a BMW X5, that stays a marketplace personality in a segment, rose by 15% 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 volume 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 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 market, with 267,160 BMW and MINI code cars sold. In fact, BMW was a usually reward code to have available 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 available 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, 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 gives apprenticeships with a BMW Group.
The BMW Group an Overview
If we have any queries, greatfully contact:
Corporate and Governmental Affairs
Mathias Schmidt, Finance Communications
Telephone: (+ 49 89) 382-24118, Fax: (+ 49 89) 382-24418
e-mail: [email protected]
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.
Long-term meditative and obliged movement have prolonged been a substructure of a BMW Groups success. Striving for ecological and amicable sustainability along a whole value-added chain, holding full shortcoming for a products and giving an undeniable joining to preserving resources are primary objectives resolutely embedded in a corporate strategies. For these reasons, a BMW Group has been zone personality in a Dow Jones Sustainability Indices for a final 6 years.