BMW Group Reaffirms Targets for 2015

Third-quarter Group EBT increased significantly to € 2.26 billion.

The Luxonomist. 04/11/2015

The BMW Group continues to perform well within a volatile market environment and recorded new highs to date for sales volumes, revenues and earnings in the third quarter 2015. These performance indicators also improved for the nine-month period, with new records established in each case. «We continue to chart a course of profitable growth, with reported figures continuing their upward trend in the first nine months of the year”, stated Harald Krüger, the Chairman of the Board of Management of BMW AG in Munich.

BMW Group Plant Leipzig: Production of BMW i3, Assembly . Click for more information

Third-quarter worldwide sales of BMW, MINI and Rolls-Royce brand vehicles rose by 6.9% to 545,062 units (2014: 509,669 units), setting new records for this period. Helped by a tailwind from favourable currency factors, Group revenues climbed by 14.0% to € 22,345 million (2014: € 19,600 million). This strong performance helped push up profit before financial result (EBIT) by 4.3% to € 2,354 million (2014: € 2,256 million). Thanks to improvements within the financial result, Group profit before tax (EBT) increased by 12.8% to € 2,263 million (2014: € 2,006 million). In the third quarter of the previous year, the financial result had been negatively impacted by a number of items, most notably period-end losses arising on the fair value measurement of derivatives. In line with these figures, Group net profit for the third quarter came in at € 1,579 million, significantly higher than one year earlier (2014: € 1,310 million; +20.5%).

BMW M4 GTS. Click for more information

Sales volume of the BMW Group in the first nine months rose by 7.5% to 1,644,810 units (2014: 1,529,880). On top of this came favourable currency factors, which helped Group revenues to grow by 16.4% to € 67,197 (2014: € 57,740 million). Profit before financial result (EBIT) for the nine-month period rose by 6.5% to € 7,400 million (2014: € 6,949 million). Despite the lower result from investments, partly reflecting the ongoing normalisation of the Chinese market, profit before tax(EBT) improved by 4.3% to € 7,114 million (2014: € 6,819) and exceeded the € 7 billion-mark for the first time for a nine-month period. Group net profit amounted to € 4,844 million and was therefore 6.8% up on the previous year’s record figure (€ 4,535 million).

BMW Concept Stunt G 310. Click for more information

«On the assumption that the upward trend continues, we reaffirm our ambitious targets for the full year 2015 and aim to achieve new high levels for sales volume, revenues and earnings», explainedCFO Friedrich Eichiner. The BMW brand recorded a new third-quarter sales volume high of 463,739 units (2014: 433,145 units; +7.1%). Sales volume for the nine-month period grew by 5.8% to 1,395,780 units (2014: 1,319,492 units). Added momentum was provided by numerous models, including the BMW X models as well as the 2 and 4 Series.

The new BMW M2 Coupe in the latest instalment of the Need for Speed racing game series. Click for more information

Demand for the various models of the BMW X family also remains strong. Nine-month sales of theBMW X5 rose by 19.8% to 125,739 units (2014: 104,997 units). Sales figures for the BMW X6 grew even faster, jumping by 40.5% to 32,857 units (2014: 23,394 units). The BMW X4, launched about a year ago, recorded nine-month sales of 40,920 units (2014: 7,199 units). BMW i also continued to make good progress, with deliveries almost doubling to 20,576 units (2014: 10,540 units). Additional momentum is expected to be generated up to the year-end by the new BMW 7 Series, which has been in the showrooms since the end of October.

MINI Cooper Convertible. Caribbean Aqua metallic. Click for more information

MINI recorded a 6.4% increase in sales volume in the third quarter, with sales rising to 80,488 units (2014: 75,633 units). Nine-month sales climbed by 18.7% to a new high of 246,426 units (2014: 207,529 units). The most pronounced increases were recorded for the MINI 3 and 5 door models, with sales almost doubling to a total of 162,791 units (2014: 83,508 units). A further surge should be generated by the new MINI Clubman, which has been available since the end of October. 

The new BMW 7 Series – Interior. Click for more information

Rolls-Royce Motor Cars posted its second-best nine-month sales volume performance to date, despite significant headwinds in the luxury sector in Mainland China. The brand delivered 2,604 units to customers from January to September (‑8.9%). Worldwide sales in the third quarter totalled 835 units (2014: 891 units; (‑6.3%). Outside China, globally-balanced sales were in line with expectations and the company continues to plan for long-term sustainable growth.

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