Ad hoc: Profit before tax and revenues of BMW Group above market expectations in first quarter of 2017

 

Munich. In the first quarter of the financial year
2017, the BMW Group achieved a profit before tax of € 3,005 million
(2016 Q1: € 2,368 million / +26.9%). This result exceeds current
market expectations and was driven in particular by positive valuation effects.

 

The significant increase of the profit before tax was largely due to
the following effects in the financial result:

  • A positive valuation effect of € 183 million in connection with
    the participation of new investors in the mapping service HERE
  • An increase in the other financial result of € 122 million, driven
    mainly by valuation effects
  • A higher profit contribution from the Chinese joint venture BMW
    Brilliance Automotive Ltd.

 

Group revenues totalled € 23,448 million in the reporting period, an
increase of 12.4% compared with last year’s figure of € 20,853 million.

 

Segment results were as follows (in € million):

 

 

In the Automotive segment the EBIT margin (profit/loss before
financial result as a percentage of revenues) was 9.0% in the
reporting period (2016 Q1: 9.4%).

The BMW Group continues to target a slight increase in Group profit
before tax and an EBIT margin in the automotive segment within the
range of 8 to 10% for the financial year 2017.

 

All mentioned figures are preliminary and unaudited.

 

The full results of the first quarter of 2017 will be published on 4
May 2017.

 

 

For questions please contact:

 

Corporate Communications

 

Max-Morten Borgmann, Business and Finance Communications

Telephone: +49 89 382-24118, Fax: +49 89 382-24418


Max-Morten.Borgmann@bmwgroup.com

 

Michael Rebstock, Business and Finance Communications

Telephone: +49 89 382-20470, Fax: +49 89 382-24418


michael.rebstock@bmwgroup.com

 

Internet:
www.press.bmwgroup.com

e-mail:
presse@bmw.de

 

 

The BMW Group

 

With its three brands BMW, MINI and Rolls-Royce, the BMW Group is the
world’s leading premium manufacturer of automobiles and motorcycles
and also provides premium financial and mobility services. As a global
company, the BMW Group operates 31 production and assembly facilities
in 14 countries and has a global sales network in more than 140 countries.

 

In 2016, the BMW Group sold approximately 2.367 million cars and
145,000 motorcycles worldwide. The profit before tax was approximately
€ 9.67 billion on revenues amounting to € 94.16 billion. As of 31
December 2016, the BMW Group had a workforce of 124,729 employees.

 

The success of the BMW Group has always been based on long-term
thinking and responsible action. The company has therefore established
ecological and social sustainability throughout the value chain,
comprehensive product responsibility and a clear commitment to
conserving resources as an integral part of its strategy.

 


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