BMW Group posts certain gain for 2009
Profit before taxation adult by 17.7% to euro 413 million
Unchanged division of euro 0.30 per share proposed
Reithofer: Profitable volume expansion targeted for 2010
Munich. The BMW Group accessible certain gain for a financial year 2009 as designed notwithstanding a ongoing worldwide financial and mercantile crisis. Profit before taxation rose by 17.7% to euro 413 million (2008: euro 351 million). Net distinction amounted to euro 210 million (2008: euro 330 million /
-36.4%) due to a aloft effective taxation rate. Revenues decreased tolerably by 4.7% to euro 50,681 million (2008: euro 53,197 million). Based on a offer of a Board of Management and Supervisory Board, a division will sojourn unvaried opposite a prior year during euro 0.30 per share of common batch and euro 0.32 per share of elite stock.
We achieved good in 2009 notwithstanding formidable marketplace conditions worldwide. Our cost government and potency alleviation measures had a certain impact, even yet a effects of a worldwide financial and mercantile predicament were still being felt, settled Norbert Reithofer, a Chairman of a Board of Management of BMW AG on Thursday in Munich. We are proposing a division for 2009 notwithstanding a formidable mercantile climate, demonstrating a certainty we have in a handling strength, and we also wish a shareholders to attend in a companys performance, continued Reithofer.
Automobiles shred annals fourth-quarter EBIT of euro 93 million
Earnings of a Automobiles shred fell in 2009 due to reduce section sales brought about by a diseased economies worldwide. Nevertheless, interjection to a some-more fast marketplace sourroundings towards a finish of a year, a shred was means to beget a fourth-quarter distinction before financial outcome (EBIT) of euro 93 million. For a full year, a shred accessible disastrous EBIT of euro 265 million (2008: certain EBIT of euro 690 million) and a detriment before taxation of euro 588 million (2008: distinction before taxation of euro 318 million). Revenues fell to euro 43,737 million (2008: euro 48,782 million).
In total, a BMW Group sole 1,286,310 BMW, MINI and Rolls-Royce code vehicles in 2009
(2008: 1,435,876 units/-10.4%). This opening enabled a BMW Group to boost a marketplace share in a reward shred and, as formerly announced, to keep a position as a worlds streamer reward manufacturer.
A sum of 1,068,770 BMW code cars (2008: 1,202,239 units/-11.1%) were sole in 2009, putting a BMW code once again good forward of applicable competitors in a reward segment. Strong sales increases were achieved by a BMW 7 Series (52,680 units/+35.7%), a BMW X6 (41,667 units/
+56.8%) and a BMW Z4 (22,761 units/+26.4%). In Germany, both 7 Series (7,439 units/+74.8%) and a BMW X5 (10,933 units/-31.9%) and X6 (4,940 units/+51.0%) finished a year as transparent leaders in their applicable segments. Since their launch during a finish of Oct 2009 adult to a finish of a year, 8,499 units of a BMW X1 and 3,052 units of a 5 Series Gran Turismo had been sole worldwide.
The MINI code sole 216,538 units worldwide in 2009 (2008: 232,425 units/-6.8%). The indication brew remained during a high level: some-more than one half of a brands business (53.6%) opted for a MINI Cooper, with 26.2% selecting a MINI Cooper S and 20.2% a MINI One.
Rolls-Royce sole 1,002 engine cars (2008: 1,212 units/-17.3%) during a year, so remaining a transparent marketplace personality in a ultra-luxury segment. The new Rolls-Royce Ghost done a good start, with 167 vehicles handed over to business in Dec 2009.
The BMW Group grew strongly in 2009 in a rising markets of China (90,536 units/+37.5%), Brazil (6,398 units/+118.8%) and India (3,619 units/+24.4%), achieving new sales annals in all 3 markets. “We devise to grow a sales again in China, Brazil and India in a stream year , settled Reithofer. Germany was a largest singular marketplace for a association in 2009 for a BMW and MINI code cars, with a sum of 258,012 units (2008: 284,786 units/-9.4%) sold. With 33,517 cars handed over to customers, a MINI code accessible a many successful year in Germany to date. The BMW Group also skeleton to boost sales in a German marketplace during 2010, and hence, to boost marketplace share in a reward segment.
In a USA, a BMW Group sole 241,727 vehicles (2008: 303,190 units/-20.3%) during a past year. The BMW brand, with 196,502 units sold, remained a best behaving European reward vehicle code in a USA. The BMW Group forecasts that sales will boost in a US marketplace during a stream year.
EBIT of euro 19 million for Motorcycles shred in 2009
The gain opening of a Motorcycles shred in 2009 was also adversely influenced by formidable business conditions. EBIT fell to euro 19 million (2008: euro 60 million). Segment revenues totalled euro 1,069 million (2008: euro 1,230 million). With 87,306 units (2008: 101,685 units/
-14.1%) sole worldwide, BMW Motorcycles accessible a assuage dump in sales volume compared to a marketplace as a whole.
Sharp arise in gain of Financial Services segment
Earnings of a Financial Services shred rose extremely in 2009 following a poignant weight final year due to additional charges for residual value and credit risks. The EBIT rose to euro 355 million (2008: disastrous EBIT of euro 216 million). Segment revenues totalled euro 15,798 million (2008: euro 15,725 million). The boost in a credit detriment ratio to 0.84% (2008: 0.59%) was in line with expectations.
The volume of new sell business contracts declined by 15.8% to euro 24,709 million. The suit of new BMW and MINI code cars financed by a Financial Services shred amounted to 49.0%, adult by 0.5 commission points compared to a prior year.
Workforce of approximately 96,000 employees during finish of 2009
The BMW Groups workforce decreased 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 96,230 employees during a finish of a year (December 31, 2008: 100,041 employees/-3.8%) worldwide. The series of trainees remained during a high level, namely 3,915 compared to 4,102 one year earlier.
BMW Group carefully confident for 2010
The worldwide financial and mercantile predicament will continue to have an impact on a vehicle attention during a stream year. The BMW Group will, however, grow profitably interjection to new models and a approaching light tellurian mercantile liberation in 2010. We are streamer into a new year carefully optimistic. Our new models will yield us with a tailwind over a march of a year. We entirely intend to sojourn a worlds streamer provider of reward cars in 2010 and devise to boost sales within a singular number commission operation to over 1.3 million vehicles, combined Reithofer.
One of a many critical indication developments in 2010 is a new BMW 5 Series that will be launched during a finish of March, so providing serve movement from a commencement of a second quarter. The new BMW X1 and BMW 5 Series Gran Turismo models both of that were really successfully launched during a finish of 2009 will also have a certain impact on sales opening in 2010. The MINI Countryman will be introduced onto a markets during a stream year.
Further information on a Group Financial Statements 2009 will be accessible during a Annual Accounts Press Conference to be hold in Munich on 17 Mar 2010.
The BMW Group an Overview
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 2009, a BMW Group sole approximately 1.29 million cars and some-more than 87,000 motorcycles worldwide. The distinction before taxation for 2009 was euro 413 million, revenues totalled euro 50.68 billion. At 31.December 2009, a BMW Group had a workforce of approximately 96,000 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 5 years.
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