BMW Continues Its Profitable Growth Photo: BMW Group

BMW Continues Its Profitable Growth

By  Thursday, 4.8.2016, 23:16    News

Munich headquartered BMW Group continued its course of profitable growth during the second quarter of 2016, whilst also taking important decisions for the future in line with its Strategy Number ONE > NEXT, the company reported on Tuesday, August 2, 2016. As the world’s leading provider of premium products and services for individual mobility, the BMW Group recorded its best ever quarterly sales volume and net profit figures between April and June.

“We sold more vehicles in the second quarter than ever before and achieved record earnings. We are growing profitably while simultaneously implementing our strategy step by step,” stated Harald Krüger, Chairman of the Board of Management of BMW AG, on Tuesday. “Sustainable profitability on this scale provides us with the financial headroom we need to pursue our work on future technologies such as electric mobility and automated driving. For me, there is no “either/or” between the present and the future. The strength of today’s core business is the cornerstone for tomorrow’s success.”

Second-quarter sales volume of the BMW Group’s three premium brands (BMW, MINI and Rolls-Royce) climbed by 5.7% to 605,534 units (2015: 573,079 units), thereby marking a new high for a quarter. Once again, the BMW Group was the world’s leading manufacturer of premium vehicles.

Second-quarter revenues rose by 4.5% to € 25,014 million (2015: € 23,935 million). At € 2,725 million, profit before financial result (EBIT) was 7.9% higher than one year earlier (2015: € 2,525 million). Group profit before tax (EBT) increased by 8.4% to a new high level of € 2,798 million (2015: € 2,582 million). Group net profit rose by 11.4% to € 1,949 million (2015: € 1,749 million), also marking a new record for a second quarter.

Six-month sales recorded by the Automotive segment rose by 5.8% to reach a new high of 1,163,139 units (2015: 1,099,748 units). The strategy of balancing sales worldwide continued to pay off, allowing fluctuations in some markets to be offset.

Six-month revenues edged up by 2.3% to € 45,867 million (2015: € 44,852 million). Profit before financial result (EBIT) rose by 2.7% to € 5,182 million (2015: € 5,046 million). Group profit before tax (EBT) increased by 6.5% to a new all-time high level of € 5,166 million (2015: € 4,851 million). Group net profit rose by 10.0% to € 3,590 million (2015: € 3,265 million), also marking a new record for the first six months of a year.

Employee Numbers Slightly Up

The size of the BMW Group workforce at June 30, 2016 increased by 3.4% year-on-year. The BMW Group employed a total workforce of 123,597 people worldwide at the end of the reporting period (2015: 119,489 people). The BMW Group continues to recruit engineers and skilled workers, including software and IT experts, in order to keep pace with the constantly growing demand for BMW Group vehicles and to forge ahead with creative innovations, developing the technologies of tomorrow.

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Valter Zufic

Half-German and half-Croatian, Valter divides his time between the charms of Bavaria and the spectacular coast, where he runs a German-language website for tourists about the Istrian peninsula. Learn more about the Istrian peninsula, a hot spot for German tourists, via Valter's website 

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