+++ Lowest-ever absolute CO2 fleet emissions values for BMW Group in Europe +++ Significantly outperformed EU legal requirements +++ BMW Group on track to meet company-wide CO2 reduction targets by 2030 +++
+++ BMW Group sales reach new all-time high of 2,555,341 units in 2023 (+6.5%) +++ BMW Group BEV sales at 15%, with growth across all sales regions worldwide +++ BMW brand once again tops global premium segment in 2023; electric models see significant growth (+92.2%) +++ Rolls-Royce and Motorrad brands also report new highs +++ Jochen Goller: “Record sales for 2023 show desirability of our strong brands.”
Statement Oliver Zipse, Chairman of the Board of Management of BMW AG, Conference Call Quarterly Statement to 30 September 2023
+++ Zipse: “Our compelling products inspire customers all over the world” +++ Group EBT margin at 13.9% +++ Automotive EBIT margin climbs to 12.1% +++ Free cash flow of around € 2 billion in Auto Segment +++ Sales of BMW BEVs up 112% +++ 2023 Guidance confirmed in continuing volatility +++
BMW Group Quarterly Statement to 31 March 2023
Zipse: “Proven strengths, future-oriented technologies and NEUE KLASSE as a recipe for success” ++ EBIT margin for 2023 expected within 8-10% range ++ High demand: 15% BEV share in 2023 ++ Dynamic BEV growth in coming years ++ Double-digit growth in high-end segment in 2023 ++ Further decrease in CO₂ emissions planned for 2023 ++ Concrete outlook for NEUE KLASSE – plants, models ++ More details on NEUE KLASSE at IAA Mobility ++
BMW Group sold 2,399,636 units (-4.8%) +++ BMW brand maintained No. 1 position in global premium segment +++ Sales of fully-electric vehicles more than doubled to 215,755 units (+107.7%) +++ Sales up +10.6% in fourth quarter of 2022 +++ MINI Electric* is best-selling MINI model variant +++ Pieter Nota: “Next milestone for 2023: 15% of total sales from fully-electric vehicles” +++
+++ $1 Billion New Investment in Plant Spartanburg (USA) to Prepare for the Production of Battery Electric Vehicles. At Least Six Fully-Electric BMW X-Models by 2030 produced in the U.S. +++ Additional $700 Million Investment to Build a New High-Voltage Battery Assembly Facility in South Carolina +++ Envision AESC to Build New Battery Cell Plant in South Carolina to Supply New Round Lithium-Ion Cells for Electric Vehicle Production in the U.S.+++
+++ Newly-developed BMW round cells optimised for NEUE KLASSE architecture +++ Costs for whole high-voltage battery up to 50% lower than for current generation +++ CO2-reduced production – through green power and secondary material +++ Development head Weber: “Huge leap in technology for energy density, charging speed and range” +++ Purchasing head Post: “We will be building battery cell factories with our partners, each with an annual capacity of up to 20 ...
Statement Zipse Conference Call Q2/HY1 2022
In a highly volatile environment, the BMW Group remained on course in the first half of 2022. With flexibility and expertise, the company encountered challenges including continued supply chain disruptions and bottlenecks for semiconductors and specific supplier parts.
Group half-year sales reach 1,160,443 units +++ 75,891 all-electric BMW and MINI vehicles sold +++ BMW Group expands market leadership of premium segment +++ Pieter Nota: “BMW brand number one worldwide in premium automotive segment in first half-year”
Zipse: “Strength and resilience of BMW Group particularly evident in challenging environment” +++ Group EBT rises to € 12.2 billion +++ Free cash flow of € 4.8 billion in auto segment +++ BEV sales increased by almost 150% +++ Guidance confirmed despite high volatility +++
BMW Group sells total of 596,907 units in Q1 +++ US market up 3.7% with 80,590 BMW and MINI vehicles sold +++ First-quarter BEV sales climb 149 percent +++ Pieter Nota: “Our focus is on ramping up electromobility. We are fully on track to meet our ambitious growth targets for fully-electric vehicles in 2022” +++ Company sets course for future European sales model +++
Group EBT: € 16 billion +++ 2021 EBIT margin of 10.3% at high end of guidance range +++ Free cash flow (automotive): € 6,354 million +++ CO2 emissions of EU new vehicle fleet significantly reduced to 115.9 g/km (WLTP) +++ Dividend of € 5.80 per share of common stock proposed +++ Share repurchase authorisation will be proposed to Annual General Meeting +++ Zipse: “Successful transformation due to employee performance” +++
Production capacity to be expanded during current year +++ Zipse: “Important move in stepping up our successful commitment to China” +++ Peter: “Foundation for further mutual growth +++
Bayerische Motoren Werke Aktiengesellschaft (BMW AG) acquires a majority stake in its Chinese joint venture BMW Brilliance Automotive Ltd. (BBA). BBA has today received the relevant business licence from the Chinese authorities, effective 11 February 2022.
+++ BMW Group expands sourcing of low-carbon steel: Agreement with Salzgitter AG provides for delivery of low-carbon steel from 2026 +++ Salzgitter AG and H2 Green Steel will meet more than 40% of steel demand for standard production at BMW Group’s EU plants, saving around 400,000 tonnes of CO2 per year +++ Steel remnants from plants will be reused in circular economy +++ Post: “Another important step in reducing CO2 emissions in the supplier network” +++
The BMW Group posted solid year-on-year sales growth of 8.4 percent last year, with a total of 2,521,525 BMW, MINI and Rolls-Royce vehicles delivered to customers worldwide. BMW sales reached a new all-time high of 2,213,795 units (+9.1%) last year, with the brand leading the global premium segment.
+++ Trilateral agreement with high-tech microchip manufacturer INOVA Semiconductors and feature-rich semiconductor foundry GlobalFoundries +++ Will secure several million semiconductors per year +++ First deliveries for BMW iX +++ Wendt: “Securing our semiconductor supply for the long term” +++
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