Statement Oliver Zipse, Chairman of the Board of Management of BMW AG,104th Annual General Meeting of BMW AG on 15th May 2024, Livestream from BMW Welt in Munich
Wed May 15 10:17:00 CEST 2024Speech
Statement Oliver Zipse AGM 2024
Statement Oliver Zipse AGM 2024
Statement Oliver Zipse, Chairman of the Board of Management of BMW AG, Conference Call Quarterly Statement to 31 March 2024
Statement Walter Mertl Member of the Board of Management of BMW AG, Finance, Conference Call Quarterly Statement to 31 March 2024
BMW Group Quarterly Statement to 31 March 2024
+++ Consistent strategic implementation: Dynamic BEV ramp-up aligned with profitability, as planned +++ BEV ramp-up continued as planned: 28% growth to around 83,000 BEVs in Q1 +++ BMW brand sales increased by 2.5% +++ Deliveries of models in the upper price segment rise by over 20% +++ Group EBT margin above target of >10% in Q1 +++ EBIT margin within the target range of 8-10% for nine consecutive quarters +++ Outlook for 2024 confirmed +++
The BMW Museum will now welcome guests in a futuristic lobby. +++ Newly launched online shop is faster and more customer focused: As well as tickets, guided tours can now also be booked online – up to six months in advance. +++ Visitors wishing to buy tickets at the Museum itself can now do so from the four newly installed ticket machines. +++ The counter in the lobby area now has an open and accessible design, like the BMW Museum as a whole.
+++ BMW Group sales climb to 594,671 units in first quarter +++ Growth drivers: fully-electric vehicles and models from high-end premium segment +++ BMW brand: Global sales up +2.5%; deliveries of fully-electric vehicles increase by +40.6%+++ Higher BEV sales in all major regions of the world +++ Jochen Goller: “Delivery of one-millionth fully-electric vehicle confirms the attractiveness of our product portfolio.”
Statement and Charts Mertl BMW Group Annual Conference 2024
Statement Zipse Annual Conference 2024
Report on the BMW Group’s economic performance and its ecological and social contributions
+++ Automotive EBIT significantly higher in 2023 +++ EBIT margin of 8-10% forecast for 2024 +++ Capital expenditure to peak in 2024, as planned +++ NEUE KLASSE in the starting blocks: Testing already underway +++ BMW Vision Neue Klasse X highlights broad spectrum: NEUE KLASSE offers customers wide choice of models +++ Over two million electrified vehicles already on roads +++
+++ Zipse: “Implementing strategy consistently and successfully” +++ Group EBT margin of 11.0% for the full year +++ Automotive EBIT margin at 9.8% in 2023 +++ Percentage of BEV deliveries of 15% in 2023, as forecast +++ • EU fleet CO2 emissions at 102.1 g/km (WLTP) ‒ well below 128.5 g/km limit +++ Dividend of € 6.00 per share of common stock proposed +++
+++ 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.”
+++ Elevating the premium e-mobility experience in China, the first stations are planned to begin operating in 2024 in top NEV regions. +++ Until end of 2026, at least 1,000 stations nationwide with around 7,000 charging piles are targeted to be installed.+++ The joint venture will offer a seamless digital experience to customers of BMW Group and Mercedes-Benz Group with exclusive features such as plug & charge and online reservation. +++
Statement Oliver Zipse, Chairman of the Board of Management of BMW AG, Conference Call Quarterly Statement to 30 September 2023
Statement Walter Mertl Member of the Board of Management of BMW AG, Finance, Conference Call Quarterly Statement to 30 September 2023
BMW Group Quarterly Statement to 30 September 2023
+++ Zipse: “Right on track to meet our goals for the year” +++ Group EBT margin of 10.6% in Q3 and 11.9% in YTD September +++ Automotive EBIT margin of 9.8% in Q3 and 10.3% in YTD September +++ Free cash flow of € 5.8 billion in Automotive Segment in YTD September +++ Percentage of BEV deliveries increases to 15.1% in Q3 +++
+++ BMW Group third-quarter sales up +5.8% +++ BEV deliveries climb +79.6% in Q3 +++ Deliveries of fully-electric BMW vehicles double once again (+100.3%) +++ BMW brand remains No.1 in global premium segment, builds on strong competitive position +++ Pieter Nota: “Overall, we are on track to meet our growth targets for 2023. Our sales of fully-electric vehicles significantly outperformed the total BEV market in the first nine months.”
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