- Zipse: “Great innovative strength and successful transformation”
- Group EBT at just under € 6 billion following release of provision
for EU antitrust proceedings - Earnings driven up by higher sales volume and good pricing –
Automotive segment EBIT margin at 15.8% - Free cash flow of € 4.9 billion for six-month period to 30 June
- Deliveries of electrified vehicles more than doubled (+167%)
- Second half-year likely to be affected by supply bottlenecks and
high prices for raw materials
Munich. The BMW Group continued performing
dynamically in the second quarter, setting new record figures for
sales, earnings and net profit. Demand for the Group’s premium
vehicles has remained strong, with continued good pricing.
Reported figures for the second quarter improved significantly
compared to one year earlier, when the BMW Group posted a loss due to
the coronavirus pandemic. However, sales and earnings have also grown
solidly compared with the financial year 2019.
“Our performance has benefited from strong customer demand during the
first half of the year, enabling us to achieve significant growth.
However, in light of a number of prevailing risks, including raw
materials prices and a shortage of semiconductors, the second
six-month period is likely to be more volatile for the BMW
Group,” said Oliver Zipse, Chairman of the Board of
Management of BMW AG, in Munich on Tuesday: “Despite
short-term challenges, we remain focused on the Group’s long-term
strategy of leveraging our great innovative strength and sustainable
profitability as the basis for successfully shaping the transformation
of our industry. In doing so, we are committed to finding the best
technological solutions to drive forward the progress of digital
connectivity and sustainable mobility.”
The BMW Group is pushing ahead with its comprehensive strategy of
achieving sustainable, emission-free mobility. In line with the goals
of the Paris Climate Agreement, the BMW Group’s corporate strategy is
fully committed to ramping up e-mobility as swiftly as possible. After
the successful market launch of the BMW iX3*, the all-electric BMW i4
and iX models are set to follow in the autumn, equipped with the first
powerful variants of the new e-motor range. The BMW Group’s
all-electric vehicles are synonymous with pure electric driving
pleasure and outstanding customer convenience. For example, the BMW
iX3* achieves a range of 100 km (WLTP) after just 10
minutes of charging at an HPC charging station. The new all-electric
models have generated a highly positive response in recent vehicle tests.
Further models will be presented in the near future. Over the next
two years, electrification will cover nearly the entire breadth of the
BMW Group’s product portfolio. In the period up to
2025, the Group is set to grow its sales of
all-electric vehicles by an average of more than 50% p.a., delivering
around two million all-electric vehicles to customers
by the middle of the decade.
The Neue Klasse is set to play a key role in this
move towards low-emission, sustainable mobility. From the middle of
the decade onwards, all future BMW Group models will share the core
features of the new vehicle architecture, uncompromisingly designed
for electric drive systems. The Neue Klasse will feature a completely
redefined IT and software architecture, a powerful,
newly developed generation of electric drive and battery
systems and a higher level of sustainability
across the entire life cycle.
Over-the-air software upgrades for 2.5 million vehicles this year
The BMW Group has been improving the connectivity of its vehicles for
many years, continuously providing customers with the latest software
and functionality enhancements via remote software upgrades. At the
present time, more than two million BMW Group vehicles are capable of
being upgraded ‘over-the-air’. With its new BMW Operating
System 8, now installed for the first time in the BMW
iX, the premium manufacturer is incorporating the most
powerful data processing system available to date in its products,
enabling customers to order functions on demand at
any time and on a flexible basis.
The BMW Group is also making progress in establishing a sustainable
circular economy. In collaboration with suppliers, the Group is
developing new production technologies as well as suitable sustainable
substitutes and far-reaching recycling concepts. This not only applies
to raw materials that are in limited supply, such as the lithium
required to manufacture batteries, but also to plastics and aluminium.
In the case of aluminium, one of the key materials used for vehicle
production, procedures are already in place at some sites to separate
this reusable resource.
The BMW Group has placed sustainability and resource conservation at
the centre of its corporate strategy going forward, thereby embarking
on a path significantly more ambitious than the
two-degree target set for limiting global warming. In this context,
the measurable and verifiable targets the BMW Group
has set for the entire life cycle of its vehicles across all the three
emissions categories (‘Scopes 1-3’) have meanwhile been
validated by the Science Based Targets Initiative.
By 2030, the target is to reduce the BMW Group’s total global carbon
footprint per vehicle by at least one third compared to 2019, which
will lead to more than 200 million tonnes of carbon emissions being
avoided via technological measures.
“The progress we are making towards climate neutrality is being
documented in a way that is verifiable and transparent for everyone.
In line with the Paris Climate Agreement, our clearly defined aims put
us on a path significantly more ambitious than the two-degree target.
Moreover, we are fully committed to achieving these goals without
reservation or exception. It is our vision to create a value chain
with increasingly lower levels of emissions, culminating in a circular
economy,” stated Oliver Zipse.
With this approach, the BMW Group is preparing for the European
Green Deal. However, the EU Commission’s recent
call for a further tightening of the 2030 decarbonisation targets for
automobiles (by 55% compared to 2021) can only be achieved with the
appropriate framework conditions and the joint efforts of industry and
policymakers. The expansion of charging infrastructure by the member
states envisaged in the EU is not ambitious enough and needs to be
implemented far more swiftly in order to be successful. The BMW Group
is stepping up its efforts to improve the charging
infrastructure – both at its own locations and in close
cooperation with its business partners. In line with this approach,
the Group has installed over 15,000 charging points
worldwide, including over 4,350 charging points
at its own locations, all of which are powered solely by
green electricity.
BMW Group highly profitable in first half-year
The BMW Group continued to perform well during the first six months
of 2021. Despite the challenges posed by the global pandemic
restrictions and the limited availability of semiconductor components,
which necessitated adjustments to the production schedule, sales
figures increased significantly. A total of 1,339,047 BMW,
MINI and Rolls-Royce brand vehicles were delivered to
customers in the first six months of 2021, up by nearly 40% on the
previous year (2020: 962,575 units/ +39.1%) and setting a new Group
record for a first half-year period. All major sales regions
contributed to the overall growth in sales volume worldwide. The
picture was similar in the second quarter, with
deliveries to customers up by 44.7% year-on-year to 702,441 units
(2020: 485,464 units).
Sustained high demand for the BMW Group’s electrified vehicles also
provided strong momentum for growth. Between January and June 2021,
153,243 all-electric vehicles and plug-in
hybrids were delivered to customers (2020: 61,652 units), an
increase of 148.6% compared to one year earlier. The
high rate of growth in the sale of electrified vehicles gathered even
greater momentum in the second quarter, rising by as much as 167.0%.
Significant growth in Group revenues and earnings
Revenues were significantly higher year on year, both in the first
six-month period at € 55,360 million (2020: € 43,225
million/ +28.1%, currency-adjusted: +31.1%) and in the second quarter
2021 at € 28,582 million (2020: € 19,973 million/
+43.1%, currency-adjusted: +45.2%), driven by higher sales volumes and
better selling prices achieved across both new and pre-owned
automobile markets.
The favourable market environment also led to a lower risk
provisioning for expected residual value and credit risks
compared to one year earlier, as well as partial releases of credit
risks. Earnings also benefited from the partial release of the
provision in conjunction with EU antitrust proceedings,
which were concluded in July with the payment of a fine
amounting to € 372.8 million.
Group research and development expenditure totalled
€ 2,574 million (2020: € 2,852 million/ -9.7%, Q2/2021:
€ 1,287 million/ -15.8%, Q2/2020: € 1,528 million).
The BMW Group has striven forward substantial future technologies in
the first half-year with focus on the further development of electric
drive systems, automated driving and the digitisation of the Group’s
model portfolio. The RD figures reported for 2021 also include
initial upfront expenditure for the Neue Klasse.
The RD ratio was 4.6% for the
half-year under report and 4.5% for the second
quarter (RD ratio HY1/2020: 6.6%; Q2/2020: 7.7%).The lower ratios
year on year were also partly due to the higher revenues generated in
the corresponding periods.
The financial result for the six-month period was a
positive amount of € 1,706 million (HY1/2020:
negative € 211 million; Q2/2021: positive € 974
million, Q2/2020: positive € 366 million). The main reason
for the improvement was the Group’s share of the profit generated by
the Chinese joint venture BMW Brilliance Automotive Ltd., Shenyang,
amounting to € 1 billion (2020: € 529 million/ +89.0%). Positive
valuation effects on interest rate hedges, on investments in the BMW i
Ventures fund as well as the favourable development of the SGL Carbon
share also contributed to the higher reported figure.
Due to the various factors described above, Group profit
before tax for the six-month period amounted to €
9,736 million (HY1/2020: € 498 million; Q2/2021:
€ 5,979 million, Q2/2020: loss of € 300 million).
The Group’s EBT margin for the first half of 2021
came in at 17.6% (HY1/2020: 1.2%; Q2/2021:
20.9%, Q2/2020: -1.5%). Group net profit
amounted to € 7,623 million (HY1/2020: € 362 million;
Q2/2021: € 4,790 million, Q2/2020: net loss of
€ 212 million).
“Sustainable profitability is the foundation that enables us to
invest in the electrification and digitisation of our models as well
as in automated driving. In a strong first half-year, we continued to
work rigorously on driving our operating performance. Efficiency
improvement measures are also bearing fruit. For example, we have made
good progress in reducing complexity, as new package solutions are
boosting efficiency across the entire range of our products and
services while at the same time improving and simplifying the customer
experience. We are also focusing on our sales structures, using
digital analysis tools to manage our sales and marketing activities.
As previously announced, by 2025 we aim to reduce production costs per
vehicle by one quarter compared to 2019. Here, too, we are making good
use of virtual planning processes and constantly striving to optimise
logistics and plant capacity utilisation,” said Dr
Nicolas Peter, member of the Board of Management, Finance
in Munich on Tuesday.
Significant growth for BMW, MINI, Rolls-Royce brands in second quarter
In the period from April to June 2021, the BMW Group delivered a new
record total of 702,441 units to customers worldwide
(Q2/2020: 485,464 units/ +44.7%), comprising 617,667 BMW brand
vehicles (Q2/2020: 430,344 units/ +43.5%), 83,165 MINI brand vehicles
(Q2/2020: 54,413 units/ +52.8%) and 1,609 Rolls-Royce brand vehicles
(Q2/2020: 707 units/ +127.6%).
Sales volume growth worldwide
The BMW Group recorded significant growth across all regions of the
world, both for the six-month period and the second quarter.
In Europe, deliveries to customers in the first half
of the year rose by more than one third (+35.4%) to
504,834 units (HY1/2020: 372,754 units;
Q2/2021: 265,816 units, Q2/2020: 151,730 units/
+75.2%). Sales of BMW, MINI and Rolls-Royce brand vehicles in
Germany were also significantly up, with
136,058 units delivered to customers in the first
half of the year (HY1/2020: 116,362 units/ +16.9%; Q2/2021:
73,362 units, Q2/2020: 50,358 units/ +45.7%).
Business also gathered pace in the Americas during
the period under report, with 225,144 BMW, MINI and
Rolls-Royce brand vehicles delivered between January and June
(HY1/2020: 152,580 units/ +47.6%, Q2/2021: 128,792
units, Q2/2020: 70,502 units/ +82.7%). The upward
trend also continued in the USA, with deliveries up
by more than one half to 184,436 units (HY1/2020:
121,318 units/ +52.0%; Q2/2021: 106,369 units,
Q2/2020: 56,425 units/ +88.5%).
In Asia, the number of vehicles sold at the half-way
stage of the year totalled 580,351 units (HY1/2020:
416,882 units/ +39.2%; Q2/2021: 292,654 units,
Q2/2020: 253,942 units/ +15.2%). Growth continues unabated in
China, where the BMW Group recorded a 42.0% increase
to 467,956 units for the six-month period (HY1/2020:
329,447 units; Q2/2021: 237,763
units, Q2/2020: 212,870 units/ +11.7%).
Significant rise in Automotive segment revenues
Revenues generated by the Automotive segment rose to € 47,745
million for the six-month period (HY1/2020: € 32,867 million/
+45.3%; Q2/2021: € 24,983 million, Q2/2020: € 14,878
million/ +67.9%), driven primarily by higher sales volume, revenue
growth for spare parts and accessories, a more favourable model mix
and good pricing.
The segment profit before financial result (EBIT)
amounted to € 6,189 million (HY1/2020: loss of
€ 1,325 million; Q2/2021: € 3,953 million, Q2/2020:
loss of € 1,554 million).
Segment profit before tax (EBT) for the six-month
period improved to € 7,526 million (HY1/2020: loss
of € 1,093 million; Q2/2021: € 4,750 million,
Q2/2020: loss of € 1,173 million), driven by the combined impact of
higher sales volume, better residual values and income recognised on
the release of the provision for EU antitrust proceedings. The segment
EBIT margin for the six-month period came in at 13.0%
(HY1/2020: negative 4.0%; Q2/2021: 15.8%, Q2/2020:
negative 10.4%).
Free cash flow generated by the Automotive
segment for the period from January to June 2021 totalled €
4,902 million (2020: negative € 2,513 million). The
increase in cash flows from operating activities mainly reflected
higher earnings before tax and the favourable development of working
capital. The combined effect of systematic working capital management
and production restrictions due to semiconductor supply bottlenecks
resulted in a low level of inventories. For the full year, the BMW
Group aims to achieve a free cash flow above the previous year’s
best-to-date figure of € 5.8 billion. This target, however, is subject
to the semiconductor supply situation not worsening significantly.
Financial Services segment on course for success
The excellent performance of the Financial Services
segment in the first half of 2021 is reflected in the
significant increase of its reported figures. After the negative
impact on business during the corona pandemic year 2020, growth in new
business with leasing and financing products brought about a
significant improvement in segment earnings. Expressed in balance
sheet terms, segment business volume increased slightly compared to 31
December 2020.
In total, 1,029,345
new credit financing and leasing contracts were
signed with retail customers between January and June 2021, a
significant increase of 28.0% over the previous year’s corresponding
period, when business was held down by the heavy impact of the
coronavirus pandemic (2020: 804,452 contracts). Over the six-month
period, 50.2% of new BMW Group vehicles were either leased or financed
by the Financial Services segment (2020: 51.3%/ -1.1 percentage points).
New business with credit financing and leasing
contracts concluded with retail customers during the period from
January to June grew by 29.5% to € 32,445 million (2020: € 25,057
million). All regions recorded considerable year-on-year growth.
Significant improvement in Financial Services segment earnings
The Financial Services segment generated revenues
totalling € 16,106
million in the first half of the year (HY1/2020:
€ 14,256 million/ +13.0%; Q2/2021: € 8,200 million/
+23.2%, Q2/2020: € 6,658 million).
Profit before tax for the six-month period amounted
to € 1,936 million, setting a new record for the
segment (HY1/2020: € 581 million; Q2/2021: € 1,149 million,
Q2/2020: € 97 million). The main contributing factors for
earnings growth were the improved overall risk situation and higher
marketing revenues from the sale of returned lease vehicles,
especially on the US market. The Financial Services segment makes
provision to take account of significant business risks on an ongoing
and comprehensive basis. Based on current assessments, appropriate
levels of provisions have been recognised to cover residual value and
credit risks.
Motorcycles segment posts best deliveries and earnings figures
to date
The Motorcycles segment demonstrated its operating
strength during the period under report, launching eight new models in
the first six months of the year and setting a new record with
107,610 units delivered to customers (HY1/2020:
76,707 units/ +40.3%; Q2/2021: 65,018 units/ +55.1%,
Q2/2020: 41,933 units).
The segment profit before financial result (EBIT)
amounted to € 284 million (HY1/2020: € 65 million;
Q2/2021: € 149 million, Q2/2020: loss of € 7 million).
The EBIT margin for the six-month period came in at
17.5% (HY1/2020: 6.0%; Q2/2021:
17.2%, Q2/2020: negative 1.3%).
Semiconductor shortage and higher raw materials prices likely
to impact second half-year
For the full year 2021, the BMW Group expects business to develop
positively overall.
“The forecast is based on the assumption that neither the
coronavirus pandemic nor the semiconductor supply situation will
worsen significantly and that prices on international raw materials
markets remain stable. We were largely able to compensate for the
challenging semiconductor supply problems arising in the first six
months through the sheer hard work of our purchasing, production and
sales staff. However, the longer the supply bottlenecks last, the more
tense the situation is likely to become. We expect production
restrictions to continue in the second half of the year and hence a
corresponding impact on sales volumes,” Dr Peter stated.
In view of the generally positive growth forecasts for the global
economy, the BMW Group is raising its full-year outlook for the
Financial Services and Motorcycles segments.
The Automotive segment is expected to record a solid
year-on-year increase in the number of BMW, MINI and Rolls-Royce brand
vehicles delivered to customers. Due to the EU antitrust proceedings,
the segment EBIT margin for the full year was adjusted in May and is
likely to come in at the upper end of a range of 7 to 9% (previous
forecast: 6 to 8%). Segment RoCE is forecast to increase significantly.
The BMW Group expects the risk provisioning of the Financial
Services segment for credit and residual value risks will
also be lower in the second half of 2021 than previously assumed in
the Quarterly Statement for the period ended 31 March 2021.
Accordingly, the BMW Group now expects the Return on Equity (RoE) for
the Financial Services segment within a range of 17 to 20% (previous
forecast: 12 to 15%).
The Motorcycles segment is now predicted to record a
significant increase in deliveries due to the positive market trend
(previous forecast: solid increase). The EBIT margin is likely to
finish within a target range of 8 to 10%, enabling the segment to
record a significantly higher level of RoCE than one year earlier.
The BMW Group also reaffirms its forecast for non-financial
performance indicators. Accordingly, the proportion of
women in management functions is expected to increase slightly. At the
same time, the BMW Group is targeting a further significant reduction
in the carbon emissions generated by its EU new vehicle fleet.
According to current expectations, carbon emissions per vehicle
produced are likely to decrease moderately.
The Group’s targets for the year are to be met with a
slightly smaller workforce. Macroeconomic and
political developments as well as international trade and customs
policies could also have a negative impact on the BMW Group’s business performance.
Q2
2021
Q2
2020
Change in %
Deliveries to customers
1
Automotive
units
702,441
485,464
44.7
thereof:
BMW2
units
617,667
430,344
43.5
MINI
units
83,165
54,413
52.8
Rolls-Royce
units
1,609
707
127.6
Motorcycles
units
65,018
41,933
55.1
Employees
(as at 31.12.2020)
120,726
-4.2
3
Automotive segment
EBIT margin
%
15.8
-10.4
–
Motorcycles
segment EBIT margin
%
17.2
-1.3
–
EBT margin BMW Group
4
%
20.9
-1.5
–
Revenues
€ million
28,582
19,973
43.1
thereof:
Automotive
€ million
24,983
14,878
67.9
Motorcycles
€ million
868
522
66.3
Financial
Services
€ million
8,200
6,658
23.2
Other
Entities
€ million
1
–
–
Eliminations
€ million
-5,470
-2,085
–
Earnings before financial result
(EBIT)
€ million
5,005
-666
1,375
–
thereof:
Automotive
€ million
3,953
-1,554
–
Motorcycles
€ million
149
-7
–
Financial
Services
€ million
1,128
77
–
Other
Entities
€ million
1
13
–
Eliminations
€ million
-226
805
–
Earnings before tax (EBT)
€ million
5,979
-300
–
thereof:
Automotive
€ million
4,750
-1,173
–
Motorcycles
€ million
149
-8
–
Financial
Services
€ million
1,149
97
–
Other
Entities
€ million
124
-64
–
Eliminations
€ million
-193
848
–
Income taxes
€ million
-1,189
88
–
Net profit
€ million
4,790
-212
–
Earnings per share
(common/preferred stock) 5
€
7.23 / 7.24
-0.35 /
-0.34
-/-
1In connection with a review of its sales practices and
related reporting practices, the BMW Group has reviewed prior-period
vehicle delivery data and ascertained that certain vehicle deliveries
were not reported in the correct periods. The BMW Group has revised
its vehicle delivery data retrospectively for previous years. Further
information on this matter is provided in the BMW Group Report 2020
from page 128. The BMW Group continues to develop policies and
procedures relating to vehicle delivery data, whereby it is not always
practicable to revise the data for prior periods. This applies in
particular to minor revisions that would not have a material impact on
the comparability of reporting periods.
2 Including deliveries to customers of the joint venture
BMW Brilliance Automotive Ltd., Shenyang.
3 The percentage change in the number of employees is based
on a comparison of figures at 31 December 2020 and at the
corresponding date in the previous year (31 December 2019, number of
employees: 126,016).
4 Group profit before tax as a percentage of Group revenues.
5 Common / preferred stock. In computing earnings per share
of preferred stock, earnings to cover the additional dividend of €
0.02 per share of preferred stock are spread over the four quarters of
the corresponding financial year.
1st HY
2021
1st HY
2020
Change in %
Deliveries to customers
1
Automotive
units
1,339,047
962,575
39.1
thereof:
BMW2
units
1,178,210
842,153
39.9
MINI
units
157,848
118,862
32.8
Rolls-Royce
units
2,989
1,560
91.6
Motorcycles
units
107,610
76,707
40.3
Employees (as at
31.12.2020)
120,726
-4.2
3
Automotive segment
EBIT margin
%
13.0
-4.0
–
Motorcycles
segment EBIT margin
%
17.5
6.0
–
EBT margin BMW Group
4
%
17.6
1.2
–
Revenues
€ million
55,360
43,225
28.1
thereof:
Automotive
€ million
47,745
32,867
45.3
Motorcycles
€ million
1,621
1,079
50.2
Financial
Services
€ million
16,106
14,256
13.0
Other
Entities
€ million
2
1
–
Eliminations
€ million
-10,114
-4,978
–
Earnings before financial result
(EBIT)
€ million
8,030
709
–
thereof:
Automotive
€ million
6,189
-1,325
–
Motorcycles
€ million
284
65
–
Financial
Services
€ million
1,895
619
–
Other
Entities
€ million
-5
25
–
Eliminations
€ million
-333
1,325
–
Earnings before tax (EBT)
€ million
9,736
498
–
thereof:
Automotive
€ million
7,526
-1,093
–
Motorcycles
€ million
284
64
–
Financial
Services
€ million
1,936
581
–
Other
Entities
€ million
265
-408
–
Eliminations
€ million
-275
1,354
–
Income taxes
€ million
-2,113
-136
–
Net profit
€ million
7,623
362
–
Earnings per share
(common/preferred stock) 5
€
11.49 / 11.50
0.49
/ 0.50
-/-
1In connection with a review of its sales practices and
related reporting practices, the BMW Group has reviewed prior-period
vehicle delivery data and ascertained that certain vehicle deliveries
were not reported in the correct periods. The BMW Group has revised
its vehicle delivery data retrospectively for previous years. Further
information on this matter is provided in the BMW Group Report 2020
from page 128. The BMW Group continues to develop policies and
procedures relating to vehicle delivery data, whereby it is not always
practicable to revise the data for prior periods. This applies in
particular to minor revisions that would not have a material impact on
the comparability of reporting periods.
2 Including deliveries to customers of the joint venture
BMW Brilliance Automotive Ltd., Shenyang.
3 The percentage change in the number of employees is based
on a comparison of figures at 31 December 2020 and at the
corresponding date in the previous year (31 December 2019, number of
employees: 126,016).
4 Group profit before tax as a percentage of Group revenues.
5 Common / preferred stock. In computing earnings per share
of preferred stock, earnings to cover the additional dividend of €
0.02 per share of preferred stock are spread over the four quarters of
the corresponding financial year.
*Consumption/emissions data:
BMW iX3: Power consumption in kWh/100 km combined:
17.8-17.5 NEDC, 19.0-18.6 WLTP.
GLOSSARY – explanatory comments on key performance indicators
Deliveries
A new or pre-owned vehicle will be recorded as a delivery once
handed over to the end user. End users also include leaseholders under
lease contracts with BMW Financial Services and – in the US and Canada
– dealerships when they designate a vehicle as a service loaner or
demonstrator vehicle. In the case of pre-owned vehicles, end users may
include dealerships and other third parties when they purchase a
vehicle at auction or directly from BMW Group. Vehicles designated for
the end user and suffering total loss in transit will also be recorded
as deliveries. Deliveries may be made by
BMW AG, one of its international subsidiaries, a BMW Group retail
outlet, or independent dealerships. The vast majority of deliveries –
and hence the reporting to BMW Group of deliveries – is made by
independent dealerships.
EBIT
Profit/loss before financial result, comprising revenues less cost of
sales, selling and administrative expenses and the net amount of other
operating income and expenses.
EBIT margin
Profit/loss before financial result as a percentage of revenues.
EBT
EBIT plus financial result.
In the case of enquiries please contact:
Corporate Communications
Dr Britta Ullrich, Communications Corporate, Finance, Sales
Telephone: +49 89 382-18364, Britta.Ullrich@bmwgroup.com
Eckhard Wannieck, Head of Communications Corporate, Finance, Sales
Telephone: +49 89 382-24544, Eckhard.Wannieck@bmwgroup.com
Internet: www.presse.bmwgroup.com
E-mail: presse@bmwgroup.com
The BMW Group
With its four brands BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW
Group is the world’s leading premium manufacturer of automobiles and
motorcycles and also provides premium financial and mobility services.
The BMW Group production network comprises 31 production and assembly
facilities in 15 countries; the company has a global sales network in
more than 140 countries.
In 2020, the BMW Group sold over 2.3 million passenger vehicles and
more than 169,000 motorcycles worldwide. The profit before tax in the
financial year 2020 was € 5.222 billion on revenues amounting to
€ 98.990 billion. As of 31 December 2020, the BMW Group had a
workforce of 120,726 employees.
The success of the BMW Group has always been based on long-term
thinking and responsible action. The company set the course for the
future at an early stage and consistently makes sustainability and
efficient resource management central to its strategic direction, from
the supply chain through production to the end of the use phase of all products.
www.bmwgroup.com
Facebook: http://www.facebook.com/BMWGroup
Twitter: http://twitter.com/BMWGroup
YouTube: http://www.youtube.com/BMWGroupView
Instagram: https://www.instagram.com/bmwgroup
LinkedIn: https://www.linkedin.com/company/bmw-group/