Solid start to 2017 for BMW Group

 

  • Significant revenues and benefit growth
  • Automotive shred EBIT domain within aim range
  • Sales of electrified vehicles doubled
  • Made in Germany: BMW iNEXT to be constructed in Dingolfing
  • BMW Group reaffirms opinion for full year 2017
  • Krüger: Focus on profitability and rigorous
    doing of Strategy NUMBER ONE NEXT

 

 


Munich.

The BMW Group has begun a financial year 2017 with a solid
initial entertain and done glorious swell in terms of implementing
Strategy NUMBER ONE NEXT. Deliveries of
electrified vehicles, for instance, doubled to scarcely 20,000 units
in a initial quarter. In addition, a BMW Group announced its
goal to build a BMW iNEXT as a company’s technological
spearhead during a Dingolfing plant. The iNEXT, that is due to be
denounced in 2021, will set a benchmark in terms of automated
driving, substructure and connectivity. The preference underlines
a stress of Germany as a plcae for building future
technologies and moulding tomorrow’s mobility.

 

The BMW Group available poignant first-quarter expansion in terms
of both revenues and net profit. Alongside a plain operating
performance, certain valuation-related benefit effects enclosed in
a financial outcome also contributed to a pointy arise in profit
before taxes. “We shall continue to concentration on rigorously implementing
Strategy NUMBER ONE NEXT and ensuring
tolerable high profitability in sequence that we can figure future
mobility by leveraging a possess resources. That is how we will
magnitude a success,” commented Harald Krüger,
Chairman of a Board of Management of BMW AG, in Munich on Thursday.

 

In a initial quarter, a BMW Group embarked on a most
estimable indication descent in a story with a launch of the
new BMW 5 Series. Around 40 new and updated models of a BMW
Group’s 3 reward brands will be brought to marketplace during 2017
and 2018. “Customers are vehement by a new 5 Series Sedan, as we
can see in a intensely good marketplace reception. We design a BMW
Group’s 3 reward brands to set new smoothness annals again in
2017 and a Group to sojourn a heading manufacturer of premium
vehicles,” settled Krüger.

 

Particular importance is being placed on a upper-premium
segment. Through a focussed further of rarely emotive vehicles,
a BMW Group is targeting poignant sales volume expansion in this
shred by 2020. Alongside a BMW 7 Series, a BMW Group will be
rising other models in this segment, including a BMW X7.

 


New sales volume, revenues and benefit annals in initial quarter

 

First-quarter deliveries of BMW, MINI and Rolls-Royce brand
vehicles rose by 5.3% to 587,237 units (2016: 557,605 units). All
a Group’s vital sales regions contributed to this increase. Thanks
to this clever performance, Group revenues for the
duration from Jan to Mar were significantly aloft during € 23,448
million (2016: € 20,853 million; +12.4%). Profit before
financial outcome
amounted to € 2,646 million, 7.7% adult on
a prior year’s analogous figure of € 2,457 million.
Group distinction before tax (EBT) was also
significantly aloft during € 3,005 million (2016: € 2,368 million).
This
significant boost was mostly due to a following
effects: a positive gratefulness outcome of € 183 million
in tie with a appearance of new investors in a mapping
use HERE, an increase in a other financial result
of € 122 million, driven especially by gratefulness effects, and a
higher distinction grant from a Chinese corner try BMW
Brilliance Automotive Ltd. As a result, a Group’s EBT
domain
climbed to 12.8% (2016: 11.4%) in a first
quarter. Group net profit rose by 31.0% to € 2,149
million (2016: € 1,641 million).

 

“The initial entertain formula lay a really sound substructure for us to
grasp a desirous targets for 2017. Given that a BMW Group is
embarking on a biggest indication descent in a corporate history,
we design start-up and selling costs per new models to
boost over a march of a year. We will also catch high
upfront output in tie with electric mobility and
unconstrained driving,” forked out Nicolas Peter,
member of a Board of Management of BMW AG obliged for Finance.
“Short-term benefit is not a wilful cause for us: we remain
focussed on sustainable, essential growth.”


 


Automotive segment: EBIT domain within aim range


 

First-quarter revenues for the
Automotive shred grew by 10.0% to € 20,692
million (2016: € 18,814 million). EBIT softened by
6.1% to € 1,871 million (2016: € 1,763 million). The EBIT


margin

in a Automotive shred came in during 9.0% (2016: 9.4%) and was
therefore within a targeted operation of between 8 and 10%. On account
of a factors described above, profit before tax
rose by 31.4% to € 2,279 million (2016: € 1,734 million).

 

BMW Group vehicles with electrified drivetrains performed
quite good during a initial quarter, as scarcely 20,000 BMW i3,
BMW i8 and BMW iPerformance plug-in variety were sold, twice the
prior year’s analogous figure. “We are therefore good on
march to delivering some-more than 100,000 electrified vehicles for the
initial time in 2017,” Krüger stated.

Electrified vehicles accounted for some-more than 3 per cent of
all BMW Group car deliveries to business in a initial quarter
(Q1 2016: 1.7%).

With a launch of a BMW i3 roughly 4 years ago, a BMW
Group was an early colonize of electric mobility and has remained
loyal to a plan ever since. When a initial MINI code plug-in
hybrid indication is introduced in summer 2017, a BMW Group will have
9 electrified models in a portfolio. The BMW i8 Roadster is set
to follow in a entrance year and a initial all-electric MINI is due
in 2019. In 2020, a battery-powered BMW X3 will integrate
all-electric mobility into a Group’s core brand. One year later,
a new BMW iNEXT is set to take to a roads. As a BMW Group’s
new technological spearhead, it will set a benchmark in the
future-oriented ACES fields

Autonomous, Connected,
Electrified and Services/Shared.

 

Deliveries of BMW code vehicles totalled 503,445
units (2016: 478,743; +5.2%), heading a half-million figure for
a initial time in an opening quarter. Sales volume expansion came from
several areas, including good contributions done by a BMW Group’s
flagship model, a BMW 7 Series, and a BMW X-family models. Nearly
16,000 units of a BMW 7 Series were sold, 50.2%
some-more than one year earlier. Sales of a BMW X1
jumped by 29.5% to 66,063 units in a initial quarter. Similarly, the
BMW X3 (41,742 units; +7.8%) and the
BMW X5 (45,892 units; +17.7%) also recorded
poignant growth.

 

Sales of 83,059 units during a initial 3 months 2017 also
represented a new first-quarter sales volume record for the
MINI code (2016: 78,311 units; +6.1%). The new
MINI Clubman reported a poignant rise, with
deliveries to business augmenting to 14,830 units (2016: 12,173
units; +21.8%). First-quarter sales of a new MINI
Convertible
tripled to 7,705 units (2016: 2,553 units). With
47,530 units sold, a MINI 3 and 5 door models
matched their prior year’s opening (2016: 47,396 units; +0.3%).

 

Following a second top annual sales in 2016,
Rolls-Royce Motor Cars sales in a initial quarter
of 2017 were adult year-on-year. This was formed on full market
accessibility of Dawn compared with a same duration final year. In
total, 733 Rolls-Royce engine cars were delivered to business across
a creation (+33.0%). Demand for Rolls-Royce models stays clever in
many regions, nonetheless this is set opposite ongoing marketplace volatility
in a tellurian oppulance attention as a whole. Rolls-Royce continues to
essay for long-term tolerable growth.

The BMW Group’s ceiling sales volume trend continued in
Europe, with 267,996 units (2016: 257,120 units)
delivered to business during a initial three-month period, adult 4.2%
year-on-year. Solid expansion was reported in a series of markets,
including Great Britain (+6.5%; 63,004 units), France (+5.4%; 21,943
units) and Italy (+6.7%; 21,278 units).

 

First-quarter sales of BMW Group vehicles in Asia
rose by 9.2% to transcend a 200,000-unit symbol (200,140 units; 2016:
183,204 units). Significant expansion was also achieved on a Chinese
mainland, where sales climbed by 12.4% to 142,958 units. First-quarter
deliveries in Japan went adult by 5.2% to 19,681 units.

 

Sales in a
Americas
shred increasing somewhat by 2.0% to 102,238 units (2016:
100,245 units), including 82,169 units delivered to business in the
USA (+0.7%).


 


Motorcycles shred sets new smoothness record

 

The Motorcycles segment had a successful start
to a year, delivering 35,636 motorcycles and maxi-scooters (2016:
33,788 units) to business during a initial quarter, 5.5% adult on the
prior year. Revenues grew by 7.0% to € 623
million (2016: € 582 million). Higher volumes and certain sales-mix
factors helped shred profit before financial
result
to burst by 33.0% to € 125 million (2016: € 94
million). Influenced by anniversary factors during a start of the
motorcycle season, a shred EBIT margin came in
during 20.1% (2016: 16.2%). Profit before tax also
softened by 33.0% to € 125 million (2016: € 94 million).


 


Financial Services shred resolutely on course


 

The Financial Services shred continued to
perform good during a initial quarter. A sum of 465,634
new credit financing and leasing contracts
(2016: 413,372
contracts) were sealed with business between Jan and March, an
boost of 12.6%. Including contracts with dealerships, 5,214,729
credit financing and leasing contracts were in
place during a finish of a initial entertain (31 Mar 2016: 4,786,441
contracts), 8.9% some-more than one year earlier. First-quarter
segment revenues rose by 16.8% to € 7,046 million
(2016: € 6,032 million), while profit before tax
was 4.4% aloft during € 595 million (2016: € 570 million).


 


Workforce increased


 

The distance of a BMW Group’s workforce increased
by 3.0% year-on-year and comprised 126,317 employees (2016: 122,692
employees) worldwide. The BMW Group invariably hires skilled
experts and IT specialists in future-oriented areas, such as
digitalisation and programmed driving.

 


BMW Group reaffirms targets for a financial year 2017

 

The BMW Group is assured of achieving a projected targets
for a stream financial year, mostly interjection to a clever brands,
a appealing product portfolio and a expectancy that
general vehicle markets will continue their generally
ceiling trend. These enlightened factors contrariety with high levels of
upfront output for new technologies, extreme foe and
rising crew expenses. The tellurian domestic and economic
sourroundings is approaching to sojourn volatile.

 

The BMW Group reaffirms a targets for a full year. “We
foresee slight increases, and hence new record figures, for
Automotive shred sales volume
and profit before
tax
in 2017,” settled Krüger. With a 3 reward brands,
a BMW Group is therefore assured it will sojourn a world’s
heading manufacturer of reward vehicles in 2017.

 


Automotive shred revenues

are also set to grow somewhat over a year on a behind of
aloft sales volumes. The EBIT margin for the
Automotive shred in 2017 is foresee to sojourn within a targeted
operation of between 8 and 10%.

 

Forecasts for a stream year are formed on a arrogance that
worldwide mercantile and domestic conditions will not change significantly.

 

* * *

 

 

 

The BMW Group – an overview

1st entertain 2017

1st entertain 2016

Change in %

Sales volume

 

 

Automotive

Units

587,237

557,605

5.3

Thereof:   BMW

Units

503,445

478,743

5.2

MINI

Units

83,059

78,311

6.1

Rolls-Royce

Units

733

551

33.0

Sales volume Motorcycles

Units

35,636

33,788

5.5

 

 

 

 

 

Workforce
1

 

126,317

122,692

3.0

 

 

 

 

 

EBIT domain Automotive
Segment

Percent

9.0

9.4

-0.4 %points

EBIT domain Segment Motorcycles

Percent

20.1

16.2

+3.9 %points

EBT domain BMW Group

Percent

12.8

11.4

+1.4 %points

 

 

 

 

 

Revenues


million

23,448

20,853

12.4

Thereof:   Automotive

€ million

20,692

18,814

10.0

   Motorcycles


million

623

582

7.0

   Financial Services

€ million

7,046

6,032

16.8

   Other Entities


million

2

1

   Eliminations


million

-4,915

-4,576

-7.4

 

 

 

 

 

Profit before financial result
(EBIT)

€ million

2,646

2,457

7.7

Thereof:   Automotive

€ million

1,871

1,763

6.1

   Motorcycles


million

125

94

33.0

   Financial Services

€ million

604

591

2.2

   Other Entities


million

4

11

-63.6

   Eliminations


million

42

-2

 

 

 

 

 

Profit before taxation (EBT)

€ million

3,005

2,368

26.9

Thereof:   Automotive

€ million

2,279

1,734

31.4

   Motorcycles


million

125

94

33.0

   Financial Services

€ million

595

570

4.4

   Other Entities


million

-4

-2

   Eliminations


million

10

-28

 

 

 

 

 

Income taxes


million

-856

-727

-17.7

Net profit


million

2,149

1,641

31.0

Earnings per share
2

3.26/3.26

2.48/2.48

31.5/31.5

1 Figures bar asleep practice contracts, employees
in a work and non-work phases of pre-retirement part-time working
arrangements and low salary earners

2 Earnings per share of common stock/preferred stock

 

For questions greatfully contact:

 

Corporate Communications

 

Max-Morten Borgmann, Business and Finance Communications

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


[email protected]

 

Glenn Schmidt, Head of Business and Finance Communications

Telephone: +49 89 382-24544, Telefax: +49 89 382-24418


[email protected]

 

Internet:
www.press.bmwgroup.com

e-mail:
[email protected]

 

 

 

The BMW Group

 

With a 3 brands BMW, MINI and Rolls-Royce, a BMW Group is the
world’s heading reward manufacturer of automobiles and motorcycles
and also provides reward financial and mobility services. As a global
company, a BMW Group operates 31 prolongation and public facilities
in 14 countries and has a tellurian sales network in some-more than 140 countries.

 

In 2016, a BMW Group sole approximately 2.367 million cars and
145,000 motorcycles worldwide. The distinction before taxation was approximately
€ 9.67 billion on revenues amounting to € 94.16 billion. As of 31
Dec 2016, a BMW Group had a workforce of 124,729 employees.

 

The success of a BMW Group has always been formed on long-term
meditative and obliged action. The association has therefore established
ecological and amicable sustainability via a value chain,
extensive product shortcoming and a transparent joining to
conserving resources as an constituent partial of a strategy.

 


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