BMW Group boosts profitability and gain in second entertain notwithstanding semiconductor shortage

  • Zipse: “Great innovative strength and successful transformation”
  • Group EBT during usually underneath € 6 billion following recover of provision
    for EU antitrust proceedings
  • Earnings driven adult by aloft sales volume and good pricing –
    Automotive shred EBIT domain during 15.8%
  • Free money upsurge of € 4.9 billion for six-month duration to 30 June
  • Deliveries of electrified vehicles some-more than doubled (+167%)
  • Second half-year approaching to be influenced by supply bottlenecks and
    high prices for tender materials

 

Munich. The BMW Group continued performing
boldly in a second quarter, sourroundings new record sum for
sales, gain and net profit. Demand for a Group’s premium
vehicles has remained strong, with continued good pricing.

 

Reported sum for a second entertain softened significantly
compared to one year earlier, when a BMW Group posted a detriment due to
a coronavirus pandemic. However, sales and gain have also grown
solidly compared with a financial year 2019.

 

“Our opening has benefited from clever patron direct during the
initial half of a year, enabling us to grasp poignant growth.
However, in light of a series of prevalent risks, including raw
materials prices and a necessity of semiconductors, a second
six-month duration is approaching to be some-more flighty for a BMW
Group,” pronounced Oliver Zipse, Chairman of a Board of
Management of BMW AG
, in Munich on Tuesday: “Despite
short-term challenges, we sojourn focused on a Group’s long-term
plan of leveraging a good innovative strength and sustainable
profitability as a basement for successfully moulding a transformation
of a industry. In doing so, we are committed to anticipating a best
technological solutions to expostulate brazen a swell of digital
connectivity and tolerable mobility.”

 

The BMW Group is pulling brazen with a extensive plan of
achieving sustainable, emission-free mobility. In line with a goals
of a Paris Climate Agreement, a BMW Group’s corporate plan is
entirely committed to ramping adult e-mobility as quickly as possible. After
a successful marketplace launch of a BMW iX3*, a all-electric BMW i4
and iX models are set to follow in a autumn, versed with a first
absolute variants of a new e-motor range. The BMW Group’s
all-electric vehicles are synonymous with pristine electric driving
pleasure and superb patron convenience. For example, a BMW
iX3* achieves a operation of 100 km (WLTP) after usually 10
mins of charging during an HPC charging station. The new all-electric
models have generated a rarely certain response in new car tests.

 

Further models will be presented in a nearby future. Over a next
dual years, substructure will cover scarcely a whole extent of the
BMW Group’s product portfolio. In a duration adult to
2025, a Group is set to grow a sales of
all-electric vehicles by an normal of some-more than 50% p.a., delivering
around two million all-electric vehicles to customers
by a center of a decade.

 

The Neue Klasse is set to play a pivotal purpose in this
pierce towards low-emission, tolerable mobility. From a center of
a decade onwards, all destiny BMW Group models will share a core
comforts of a new car architecture, uncompromisingly designed
for electric expostulate systems. The Neue Klasse will underline a completely
redefined IT and program architecture, a powerful,
newly grown era of electric expostulate and battery
systems
and a aloft turn of sustainability
across a whole life cycle.

 

Over-the-air program upgrades for 2.5 million vehicles this year

The BMW Group has been improving a connectivity of a vehicles for
many years, invariably providing business with a latest software
and functionality enhancements around remote program upgrades. At the
benefaction time, some-more than dual million BMW Group vehicles are means of
being upgraded ‘over-the-air’. With a new BMW Operating
System 8
, now commissioned for a initial time in a BMW
iX
, a reward manufacturer is incorporating a most
absolute information estimate complement accessible to date in a products,
enabling business to sequence functions on direct at
any time and on a stretchable basis.

 

The BMW Group is also creation swell in substantiating a sustainable
round economy. In partnership with suppliers, a Group is
building new prolongation technologies as good as suitable sustainable
substitutes and inclusive recycling concepts. This not usually applies
to tender materials that are in singular supply, such as a lithium
compulsory to make batteries, though also to plastics and aluminium.
In a box of aluminium, one of a pivotal materials used for vehicle
production, procedures are already in place during some sites to separate
this reusable resource.

 

The BMW Group has placed sustainability and apparatus charge at
a centre of a corporate plan going forward, thereby embarking
on a path significantly some-more ambitious than the
two-degree aim set for tying tellurian warming. In this context,
a measurable and verifiable targets a BMW Group
has set for a whole life cycle of a vehicles opposite all a three
emissions categories (‘Scopes 1-3’) have duration been
validated by a Science Based Targets Initiative.
By 2030, a aim is to revoke a BMW Group’s sum tellurian carbon
footprint per car by during slightest one third compared to 2019, which
will lead to some-more than 200 million tonnes of CO emissions being
avoided around technological measures.

 

“The swell we are creation towards meridian neutrality is being
documented in a proceed that is verifiable and pure for everyone.
In line with a Paris Climate Agreement, a clearly tangible aims put
us on a trail significantly some-more desirous than a two-degree target.
Moreover, we are entirely committed to achieving these goals without
reservation or exception. It is a prophesy to emanate a value chain
with increasingly revoke levels of emissions, culminating in a circular
economy,” settled Oliver Zipse.

 

With this approach, a BMW Group is scheming for a European
Green Deal. However, a EU Commission’s recent
call for a serve tightening of a 2030 decarbonisation targets for
automobiles (by 55% compared to 2021) can usually be achieved with the
suitable horizon conditions and a corner efforts of attention and
policymakers. The enlargement of charging infrastructure by a member
states envisaged in a EU is not desirous adequate and needs to be
implemented distant some-more quickly in sequence to be successful. The BMW Group
is stepping adult a efforts to urge the charging
infrastructure
– both during a possess locations and in close
team-work with a business partners. In line with this approach,
a Group has commissioned over 15,000 charging points
worldwide
, including over 4,350 charging points
at a possess locations, all of that are powered only by
immature electricity.

 

BMW Group rarely essential in initial half-year

The BMW Group continued to perform good during a initial 6 months
of 2021. Despite a hurdles acted by a tellurian pandemic
restrictions and a singular accessibility of semiconductor components,
that necessitated adjustments to a prolongation schedule, sales
sum increasing significantly. A sum of 1,339,047 BMW,
MINI and Rolls-Royce code vehicles
were delivered to
business in a initial 6 months of 2021, adult by scarcely 40% on the
before year (2020: 962,575 units/ +39.1%) and sourroundings a new Group
record for a initial half-year period. All vital sales regions
contributed to a altogether enlargement in sales volume worldwide. The
design was identical in a second quarter, with
deliveries to business adult by 44.7% year-on-year to 702,441 units
(2020: 485,464 units).

 

Sustained high direct for a BMW Group’s electrified vehicles also
supposing clever movement for growth. Between Jan and Jun 2021,
153,243 all-electric vehicles and plug-in
hybrids
were delivered to business (2020: 61,652 units), an
boost of 148.6% compared to one year earlier. The
high rate of enlargement in a sale of electrified vehicles collected even
larger movement in a second quarter, rising by as most as 167.0%.

 

Significant enlargement in Group revenues and earnings

Revenues were significantly aloft year on year, both in a first
six-month duration during € 55,360 million (2020: € 43,225
million/ +28.1%, currency-adjusted: +31.1%) and in a second quarter
2021 during € 28,582 million (2020: € 19,973 million/
+43.1%, currency-adjusted: +45.2%), driven by aloft sales volumes and
softened offered prices achieved opposite both new and pre-owned
car markets.

The enlightened marketplace sourroundings also led to a lower risk
provisioning for approaching residual value and credit risks

compared to one year earlier, as good as prejudiced releases of credit
risks. Earnings also benefited from a partial recover of the
sustenance in and with EU antitrust proceedings,
which were resolved in Jul with a remuneration of a fine
amounting to € 372.8 million.

 

Group investigate and expansion output 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 brazen estimable destiny technologies in
a initial half-year with concentration on a serve expansion of electric
expostulate systems, programmed pushing and a digitisation of a Group’s
indication portfolio. The RD sum reported for 2021 also include
initial upfront output for a Neue Klasse.

 

The RD ratio was 4.6% for the
half-year underneath news and 4.5% for a second
entertain (RD ratio HY1/2020: 6.6%; Q2/2020: 7.7%).The revoke ratios
year on year were also partly due to a aloft revenues generated in
a analogous periods.

 

The financial outcome for a six-month period was a
certain volume of € 1,706 million (HY1/2020:
disastrous € 211 million; Q2/2021: certain € 974
million,
Q2/2020: certain € 366 million). The categorical reason
for a alleviation was a Group’s share of a distinction generated by
a Chinese corner try BMW Brilliance Automotive Ltd., Shenyang,
amounting to € 1 billion (2020: € 529 million/ +89.0%). Positive
gratefulness effects on seductiveness rate hedges, on investments in a BMW i
Ventures comment as good as a enlightened expansion of a SGL Carbon
share also contributed to a aloft reported figure.

 

Due to a several factors described above, Group profit
before tax
for a six-month duration amounted to
9,736 million
(HY1/2020: € 498 million; Q2/2021:
€ 5,979 million,
Q2/2020: detriment of € 300 million).

 

The Group’s EBT margin for a initial half of 2021
came in during 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 detriment of
€ 212 million).

 

“Sustainable profitability is a substructure that enables us to
deposit in a substructure and digitisation of a models as well
as in programmed driving. In a clever initial half-year, we continued to
work rigorously on pushing a handling performance. Efficiency
alleviation measures are also temperament fruit. For example, we have made
good swell in shortening complexity, as new package solutions are
boosting potency opposite a whole operation of a products and
services while during a same time improving and simplifying a customer
experience. We are also focusing on a sales structures, using
digital research collection to conduct a sales and offered activities.
As formerly announced, by 2025 we aim to revoke prolongation costs per
car by one entertain compared to 2019. Here, too, we are creation good
use of practical formulation processes and constantly essay to optimise
logistics and plant ability utilisation,” pronounced Dr
Nicolas Peter, member of a Board of Management, Finance

in Munich on Tuesday.

 

Significant enlargement for BMW, MINI, Rolls-Royce brands in second quarter

In a duration from Apr to Jun 2021, a BMW Group delivered a new
record sum of 702,441 units to business worldwide
(Q2/2020: 485,464 units/ +44.7%), comprising 617,667 BMW brand
vehicles (Q2/2020: 430,344 units/ +43.5%), 83,165 MINI code vehicles
(Q2/2020: 54,413 units/ +52.8%) and 1,609 Rolls-Royce code vehicles
(Q2/2020: 707 units/ +127.6%).

 

Sales volume enlargement worldwide

The BMW Group available poignant enlargement opposite all regions of the
world, both for a six-month duration and a second quarter.

 

In Europe, deliveries to business in a initial half
of a year rose by some-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 code vehicles in
Germany were also significantly up, with
136,058 units delivered to business in a first
half of a year (HY1/2020: 116,362 units/ +16.9%; Q2/2021:
73,362 units,
Q2/2020: 50,358 units/ +45.7%).

 

Business also collected gait in a Americas during
a duration underneath report, with 225,144 BMW, MINI and
Rolls-Royce code vehicles delivered between Jan 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 a USA, with deliveries up
by some-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, a series of vehicles sole during a half-way
theatre of a 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 a BMW Group available a 42.0% increase
to 467,956 units for a six-month duration (HY1/2020:
329,447 units; Q2/2021: 237,763
units, Q2/2020: 212,870 units/ +11.7%).

 
 

Significant arise in Automotive shred revenues

Revenues generated by a Automotive shred rose to € 47,745
million
for a six-month duration (HY1/2020: € 32,867 million/
+45.3%; Q2/2021: € 24,983 million, Q2/2020: € 14,878
million/ +67.9%), driven essentially by aloft sales volume, revenue
enlargement for gangling tools and accessories, a some-more enlightened indication mix
and good pricing.

 

The shred profit before financial outcome (EBIT)
amounted to € 6,189 million (HY1/2020: detriment of
€ 1,325 million; Q2/2021: € 3,953 million, Q2/2020:
detriment of € 1,554 million).

 

Segment distinction before taxation (EBT) for a six-month
duration softened to € 7,526 million (HY1/2020: loss
of € 1,093 million; Q2/2021: € 4,750 million,
Q2/2020: detriment of € 1,173 million), driven by a sum impact of
aloft sales volume, softened residual values and income recognized on
a recover of a sustenance for EU antitrust proceedings. The segment
EBIT domain for a six-month duration came in during 13.0%
(HY1/2020: disastrous 4.0%; Q2/2021: 15.8%, Q2/2020:
disastrous 10.4%).

 

Free money flow generated by a Automotive
segment
for a duration from Jan to Jun 2021 totalled € 
4,902 million (2020: disastrous € 2,513 million). The
boost in money flows from handling activities generally reflected
aloft gain before taxation and a enlightened expansion of working
capital. The sum outcome of systematic operative collateral management
and prolongation restrictions due to semiconductor supply bottlenecks
resulted in a low turn of inventories. For a full year, a BMW
Group aims to grasp a giveaway money upsurge above a before year’s
best-to-date figure of € 5.8 billion. This target, however, is subject
to a semiconductor supply conditions not worsening significantly.

 

Financial Services shred on march for success

The glorious opening of a Financial Services
segment
in a initial half of 2021 is reflected in the
poignant boost of a reported figures. After a negative
impact on business during a aurora pestilence year 2020, enlargement in new
business with leasing and financing products brought about a
poignant alleviation in shred earnings. Expressed in balance
piece terms, shred business volume increasing somewhat compared to 31
Dec 2020.

 

In total, 1,029,345
new credit financing and leasing contracts were
sealed with sell business between Jan and Jun 2021, a
poignant boost of 28.0% over a before year’s corresponding
period, when business was hold down by a complicated impact of the
coronavirus pestilence (2020: 804,452 contracts). Over a six-month
period, 50.2% of new BMW Group vehicles were possibly leased or financed
by a Financial Services shred (2020: 51.3%/ -1.1 commission points).

New business with credit financing and leasing
contracts resolved with sell business during a duration from
Jan to Jun grew by 29.5% to € 32,445 million (2020: € 25,057
million). All regions available substantial year-on-year growth.

 

Significant alleviation in Financial Services shred earnings

The Financial Services segment generated revenues
totalling € 16,106
million in a initial half of a year (HY1/2020:
€ 14,256 million/ +13.0%; Q2/2021: € 8,200 million/
+23.2%, Q2/2020: € 6,658 million).

 

Profit before tax for a six-month duration amounted
to € 1,936 million, sourroundings a new record for the
shred (HY1/2020: € 581 million; Q2/2021: € 1,149 million,
Q2/2020: € 97 million). The categorical contributing factors for
gain enlargement were a softened altogether risk conditions and higher
offered revenues from a sale of returned franchise vehicles,
generally on a US market. The Financial Services shred makes
sustenance to take comment of poignant business risks on an ongoing
and extensive basis. Based on stream assessments, appropriate
levels of supplies have been recognized to cover residual value and
credit risks.

 

Motorcycles shred posts best deliveries and gain figures
to date

The Motorcycles segment demonstrated a operating
strength during a duration underneath report, rising 8 new models in
a initial 6 months of a year and sourroundings a new record with
107,610 units delivered to business (HY1/2020:
76,707 units/ +40.3%; Q2/2021: 65,018 units/ +55.1%,
Q2/2020: 41,933 units).

 

The segment distinction before financial outcome (EBIT)
amounted to € 284 million (HY1/2020: € 65 million;
Q2/2021: € 149 million, Q2/2020: detriment of € 7 million).

The EBIT domain for a six-month duration came in at
17.5% (HY1/2020: 6.0%; Q2/2021:
17.2%
, Q2/2020: negative 1.3%).

 

Semiconductor necessity and aloft tender materials prices likely
to impact second half-year

For a full year 2021, a BMW Group expects business to develop
definitely overall.

“The foresee is formed on a arrogance that conjunction the
coronavirus pestilence nor a semiconductor supply conditions will
wear significantly and that prices on general tender materials
markets sojourn stable. We were mostly means to recompense for the
severe semiconductor supply problems outset in a initial six
months by a perfect tough work of a purchasing, prolongation and
sales staff. However, a longer a supply bottlenecks last, a more
moving a conditions is approaching to become. We design production
restrictions to continue in a second half of a year and hence a
analogous impact on sales volumes,” Dr Peter stated.

 

In perspective of a generally certain enlargement forecasts for a global
economy, a BMW Group is lifting a full-year opinion for the
Financial Services and Motorcycles segments.

 

The Automotive segment is approaching to record a solid
year-on-year boost in a series of BMW, MINI and Rolls-Royce brand
vehicles delivered to customers. Due to a EU antitrust proceedings,
a shred EBIT domain for a full year was practiced in May and is
approaching to come in during a top finish of a operation of 7 to 9% (previous
forecast: 6 to 8%). Segment RoCE is foresee to boost significantly.

 

The BMW Group expects a risk provisioning of a Financial
Services segment
for credit and residual value risks will
also be revoke in a second half of 2021 than formerly insincere in
a Quarterly Statement for a duration finished 31 Mar 2021.
Accordingly, a BMW Group now expects a Return on Equity (RoE) for
a Financial Services shred within a operation of 17 to 20% (previous
forecast: 12 to 15%).

 

The Motorcycles segment is now approaching to record a
poignant boost in deliveries due to a certain marketplace trend
(previous forecast: plain increase). The EBIT domain is approaching to
finish within a aim operation of 8 to 10%, enabling a shred to
record a significantly aloft turn of RoCE than one year earlier.

 

The BMW Group also reaffirms a foresee for non-financial
opening indicators.
Accordingly, a suit of
women in government functions is approaching to boost slightly. At the
same time, a BMW Group is targeting a serve poignant reduction
in a CO emissions generated by a EU new car fleet.
According to stream expectations, CO emissions per vehicle
constructed are approaching to diminution moderately.

 

The Group’s targets for a year are to be met with a
slightly smaller workforce. Macroeconomic and
domestic developments as good as general trade and customs
policies could also have a disastrous impact on a 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 during 31.12.2020)

120,726

 

-4.2
3

 

 

 

 

 

Automotive segment
EBIT margin

%

15.8

-10.4

Motorcycles
shred EBIT margin

%

17.2

-1.3

EBT domain 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 taxation (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 tie with a examination of a sales practices and
associated stating practices, a BMW Group has reviewed prior-period
car smoothness information and guarded that certain car deliveries
were not reported in a scold periods. The BMW Group has revised
a car smoothness information retrospectively for before years. Further
information on this matter is supposing in a BMW Group Report 2020
from page 128. The BMW Group continues to rise policies and
procedures relating to car smoothness data, whereby it is not always
practicable to scold a information for before periods. This relates in
sole to teenager revisions that would not have a element impact on
a comparability of stating periods.

2 Including deliveries to business of a corner venture
BMW Brilliance Automotive Ltd., Shenyang.

3 The commission change in a series of employees is based
on a comparison of sum during 31 Dec 2020 and during the
analogous date in a before year (31 Dec 2019, series of
employees: 126,016).

4 Group distinction before taxation as a commission of Group revenues.

5 Common / elite stock. In computing gain per share
of elite stock, gain to cover a additional division of €
0.02 per share of elite batch are widespread over a 4 buliding of
a analogous 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
shred EBIT margin

%

17.5

6.0

EBT domain 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 taxation (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 tie with a examination of a sales practices and
associated stating practices, a BMW Group has reviewed prior-period
car smoothness information and guarded that certain car deliveries
were not reported in a scold periods. The BMW Group has revised
a car smoothness information retrospectively for before years. Further
information on this matter is supposing in a BMW Group Report 2020
from page 128. The BMW Group continues to rise policies and
procedures relating to car smoothness data, whereby it is not always
practicable to scold a information for before periods. This relates in
sole to teenager revisions that would not have a element impact on
a comparability of stating periods.

2 Including deliveries to business of a corner venture
BMW Brilliance Automotive Ltd., Shenyang.

3 The commission change in a series of employees is based
on a comparison of sum during 31 Dec 2020 and during the
analogous date in a before year (31 Dec 2019, series of
employees: 126,016).

4 Group distinction before taxation as a commission of Group revenues.

5 Common / elite stock. In computing gain per share
of elite stock, gain to cover a additional division of €
0.02 per share of elite batch are widespread over a 4 buliding of
a analogous financial year.

 

 

 

*Consumption/emissions data:

BMW iX3: Power expenditure in kWh/100 km combined:
17.8-17.5 NEDC, 19.0-18.6 WLTP.

 

 

GLOSSARY – exegetic comments on pivotal opening indicators

 

Deliveries

A new or pre-owned car will be available as a smoothness once
handed over to a finish user. End users also embody leaseholders under
franchise contracts with BMW Financial Services and – in a US and Canada
– dealerships when they appropriate a car as a use loaner or
malcontent vehicle. In a box of pre-owned vehicles, finish users may
embody dealerships and other third parties when they squeeze a
car during auction or directly from BMW Group. Vehicles designated for
a finish user and pang sum detriment in movement will also be recorded
as deliveries. Deliveries might be done by
BMW AG, one of a general subsidiaries, a BMW Group retail
outlet, or eccentric dealerships. The immeasurable infancy of deliveries –
and hence a stating to BMW Group of deliveries – is done by
eccentric dealerships.

 

EBIT

Profit/loss before financial result, comprising revenues reduction cost of
sales, offered and executive losses and a net volume of other
handling income and expenses.

 

EBIT margin

Profit/loss before financial outcome as a commission of revenues.

 

EBT

EBIT and financial result.

 

 

In a box of enquiries greatfully contact:

 

Corporate Communications

Dr Britta Ullrich, Communications Corporate, Finance, Sales

Telephone: +49 89 382-18364, [email protected]

 

Eckhard Wannieck, Head of Communications Corporate, Finance, Sales

Telephone: +49 89 382-24544, [email protected]

 

Internet: www.presse.bmwgroup.com

E-mail: [email protected]

 

 

The BMW Group

With a 4 brands BMW, MINI, Rolls-Royce and BMW Motorrad, a BMW
Group is a world’s heading reward manufacturer of automobiles and
motorcycles and also provides reward financial and mobility services.
The BMW Group prolongation network comprises 31 prolongation and assembly
comforts in 15 countries; a association has a tellurian sales network in
some-more than 140 countries.

In 2020, a BMW Group sole over 2.3 million newcomer vehicles and
some-more than 169,000 motorcycles worldwide. The distinction before taxation in the
financial year 2020 was € 5.222 billion on revenues amounting to
€ 98.990 billion. As of 31 Dec 2020, a BMW Group had a
workforce of 120,726 employees.

The success of a BMW Group has always been formed on long-term
meditative and obliged action. The association set a march for the
destiny during an early theatre and consistently creates sustainability and
fit apparatus government executive to a vital direction, from
a supply sequence by prolongation to a finish of a use proviso 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/