+++ Pieter Nota: “BMW Group on track for slight sales growth in the full year 2023. Main growth drivers will be fully-electric vehicles and models from the high-end premium segment” +++ BMW Group sells 588,138 units worldwide in Q1 (-1.5%) +++ BMW Group: First-quarter BEV sales climb +83.2% to 64,647 units +++ BMW brand: Sales of fully-electric vehicles more than double to 55,979 units (+112.3%) +++ US market up +11.4%, with 89,750 BMW and MINI deliveries
Zipse: “Compelling products are best answer to challenging environment” +++ E-mobility ramp-up leads to bigger CO2 reductions +++ Group EBT at € 20.3 billion after nine months – EBT margin 19.6% +++ Q3 EBIT margin on target at 8.9% (excluding consolidation effects related to BBA: 10.1%) +++ Free cash flow of € 9.9 billion for Automotive Segment in YTD September +++ Full-year guidance confirmed +++
The BMW Group sold a total of 128,196 fully-electric BMW and MINI vehicles in the first nine months of 2022 – more than double its BEV sales in the same period of last year (+114.8%). The company was thus able to translate strong interest in its fully-electric products into robust growth.
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”
Two strong pillars: BMW Group and Mercedes-Benz Mobility further develop mobility joint ventures in a targeted manner+++Strengthening multi-mobility: FREE NOW as the leading multi-mobility app in Europe will continue to grow+++The joint venture for electric charging services, CHARGE NOW, is planning further cooperations+++The mobility joint ventures had 30% more transactions in the first quarter of 2022 compared to the same quarter of the previous year+++
After a successful 2021, the BMW Group is speeding up technological change and pushing forward with the transformation towards sustainable mobility. The company is preparing for a comprehensive leap in technology in its Neue Klasse and significantly upping the pace once again as it continues to ramp up e-mobility.
Pieter Nota: “Top-quality car cachet” +++ Long-term future of ALPINA brand secured +++ Andreas Bovensiepen: “This marks the beginning of a new chapter for ALPINA and BOVENSIEPEN” +++ Existing cooperation agreement expires at end of 2025 +++ New direction at Buchloe site +++
+++ CO2 fleet emissions of 115,9 g/km (WLTP) in 2021 +++ Major reduction from previous year +++ Driven by further increases in efficiency for conventional drive technologies and strong demand for electrified vehicles +++
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” +++
Pieter Nota: “Already have next target in our sights: We aim for two million electrified vehicles on the roads in just two years” +++ Plans to double BEV sales in 2022 +++ Around two million fully-electric vehicles delivered to customers by 2025 +++ BMW and MINI Charging provide access to more than 250,000 charging points in Europe +++
The BMW Group is putting circular economy and sustainable urban mobility at the centre of its presence at the 2021 IAA Mobility. At the motor show, the company is consistently demonstrating its sustainability and CO2 targets as well as its concrete measures and concepts to achieve these goals.
BMW Group sells 636,606 vehicles in Q1 (+33.5%) +++ Sales higher in all major regions of the world +++ Sales growth at BMW, MINI and Rolls-Royce +++ Electrified vehicle sales more than double +++ Pieter Nota: “All-time sales high in first quarter underlines our ambitious growth targets” +++
The BMW Group will be accelerating its expansion of e-mobility in the coming years. This will also increase the need for lithium, an important raw material for production of battery cells. For this reason, the company will source lithium from a second leading supplier, US-based Livent. The value of the multi-year contract will total around 285 million euros. Livent will supply the lithium directly to the BMW Group’s battery cell manufacturers from 2022.
• Outlook: Significant increase in Group profit before tax • Zipse: “Transformation will give BMW a competitive edge” • Deliveries of fully electric models to grow by well over 50 percent annually on average by 2025
Group profit before tax for second half-year up 9.8% year-on-year +++ Q4 EBIT margin of 7.7% in Automotive segment +++ Full-year EBIT margin at higher edge of target range +++ Free cash flow of € 3.4 billion despite lockdowns above previous year +++ Dividend of € 1.90 per share of common stock proposed +++ Zipse: "Starting 2021 with a favourable tailwind" +++
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