Reithofer: Ambitious goals for 2011
Full-year sales and gain targets validated during AGM
Company to enhance heading position in a vehicle industry
BMW Group to sinecure around 2,000 new staff in 2011
Employees to accept record distinction share
Munich. The BMW Group can demeanour forward to a stream financial year with certainty after a clever initial quarter. We have desirous skeleton for 2011, settled Norbert Reithofer, Chairman of a Board of Management of BMW AG, during a Annual General Meeting hold on Thursday in Munich. The companys idea of environment a new gain record in a stream financial year stays unchanged. It is also targeting an all-time sales high: We aim to broach some-more vehicles than ever before good over 1.5 million vehicles, Reithofer continued. The companys EBIT domain aim of some-more than 8% for a automotive shred also stays in place.
The BMW Group will continue with a severe doing of a successful Strategy Number ONE and so lead a approach for a reward shred in a future: We will enhance a heading reward position in a vehicle industry. We have a right DNA and a right values to be successful in a future, combined Reithofer. The association will stay focused on a innovative strength, concentrating exclusively on a reward shred in a destiny and charity endless services for particular mobility.
Reithofer: Clear track to tolerable mobility
The emanate of destiny mobility is being vigourously pursued: We have a transparent track to tolerable mobility, endorsed Reithofer. The association will be rising a innovative BMW i3, a initial pristine electric vehicle for vital cities, on a marketplace in 2013. This will be followed by a BMW i8, an intensely fuel-efficient sports car. Both vehicles will have a newcomer cell finished of CO a initial for a vehicle industry. The BMW Group will also be creation a destiny explosion engines even some-more economical. Thanks to a fuel-saving EfficientDynamics technology, a association swift boasts some-more than 50 vehicles with CO2 emissions of 140 grams/kilometre or less. With an normal of 154 grams/kilometre in Gemany, a BMW Group is also one of heading reward manufacturers in terms of potency according to a German sovereign engine ride management (Kraftfahrtbundesamt).
Profit pity during record turn / Around 2,000 new hires
The 2010 financial year was a many successful in a companys history. In this connection, Reithofer also remarked on a clever joining of a employees: You have finished an glorious job. Consequently, a distinction share a BMW Group will compensate a employees this year will surpass a prior high set in 2007. Employees lonesome by common pay-scale agreements will accept an normal of euro 5,840. Together with a non-pay-scale apportionment of a Christmas bonus, many pay-scale employees will take home a sum distinction share of euro 7,490 for 2010. Many also take advantage of a companys worker share programme.
In light of clever tellurian direct for BMW, MINI and Rolls-Royce code vehicles and a destiny hurdles confronting a vehicle industry, a association will be employing around 2,000 new employees over a march of a year some-more than half of them in Germany.
BMW Group builds many arguable cars according to ADAC relapse statistics
To safeguard essential expansion in a future, a BMW Group will also be regulating common architectures and modules opposite models series. We are building fewer tools and components. Processes are apropos some-more fast and a blunder rate is falling, explained Reithofer. Quality is an intensely critical cause for a BMW Group as a reward manufacturer. According to a latest ADAC relapse statistics, a BMW Group builds a many arguable vehicles: MINI took initial place in a tiny vehicle category, as did a BMW 1 Series in a reduce center class. The BMW X3 placed initial in a center class, and a BMW 5 Series was ranked second in a top center class.
BMW Group achieves record gain in initial entertain of 2011
The new financial year got off to a clever start for a BMW Group with a best first-quarter opening in a companys history. Revenues increasing by 28.9% to euro 16,037 million (2010: 12,443 million) compared with a same duration final year. The distinction before financial outcome (EBIT) rose neatly to euro 1,902 million (2010: euro 449 million), while a distinction before taxation (EBT) climbed to euro 1,812 million (2010: euro 508 million). Group net distinction for a entertain softened to euro 1,212 million (2010: euro 324 million). The sum series of BMW, MINI and Rolls-Royce code cars sole increasing by 21.3% to 382,758 units (2010: 315,614 units).
In a automotive segment, first-quarter revenues rose by 34.7% to euro 14,373 million (2010: euro 10,672 million). EBIT jumped to euro 1,708 million (2010: euro 291 million), ensuing in an EBIT domain for a automotive shred of 11.9%. The distinction before taxation softened to euro 1,605 million (2010: euro 220 million). Free money upsurge in a automotive shred rose to euro 1,624 million (2010: disastrous giveaway money upsurge of euro 306 million).
First-quarter Motorcycles shred revenues increasing by 13.1% to euro 397 million (2010: euro 351 million). The shred EBIT amounted to euro 31 million (2010: euro 32 million), a distinction before taxation was euro 30 million and so during a identical turn to a prior year. The shred outcome includes Husqvarna gain for a initial time. Sales of BMW and Husqvarna code motorcycles rose by 11.4% to 25,049 units (2010: 22,479 units). In a Financial Services segment, first-quarter revenues rose by 4.5% to euro 4,183 million
(2010: euro 4,004 million). Profit before taxation softened to euro 429 million (2010: euro 222 million).
The BMW Group was means to continue a clever sales expansion in April: A sum of 137,183 BMW, MINI and Rolls Royce code vehicles were delivered to business (2010: 116,386/ +17.9%). For a year to a finish of April, a BMW Group achieved a new sales high of 519,944 vehicles (2010: 432,016) an boost of 20.4%.
Revenue and Group distinction reached new highs in 2010
The association also achieved new annals for revenues and organisation distinction in a 2010 financial year. Revenues climbed by 19.3% to euro 60,477 million (2009: euro 50,681 million). The distinction before taxation rose steeply to euro 4,836 million (2009: euro 413 million). The Group reported an boost in EBIT to euro 5,094 million (2009: euro 289 million) and an softened net distinction for a year of euro 3,234 million (2009: euro 210 million).
In terms of sales volumes, a BMW Group purebred a second-best 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).
Revenues in a automotive shred rose by 23.8% to euro 54,137 million (2009: euro 43,737 million) in 2010. 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).
Despite stability unlucky marketplace conditions, a Motorcycles shred available sales volume, income 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%).
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).
In light of this clever performance, a Board of Management and a Supervisory Board due during a Annual General Meeting 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 batch a top it has ever been.
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 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.
For questions greatfully contact:
Mathias Schmidt, Finance Communications
Telephone: (+ 49 89) 382-24118, Fax: (+ 49 89) 382-24418
e-mail: [email protected]