BMW Group remains on successful course in second quarter
- New record figures for sales volume and revenues
- Second-best quarterly earnings in the company’s history
- Profit before financial result amounts to € 2.27 billion
- Automotive Segment second-quarter EBIT margin of 11.6%
- BMW Group reaffirms targets for financial year 2012
Munich. The BMW Group continued its success during the second quarter as well as in the six-month period to June 2012, achieving new record figures for sales volume and revenues and the second-best Group operating profit in the company’s history.
Second-quarter revenues rose by 7.3% to € 19,202 million (2011: € 17,888 million). Group earnings remained at a high level despite greater investment in new technologies and higher personnel costs: Profit before financial result (EBIT) amounted to € 2,270 million … CONTINUED
With 110,891 BMW, MINI and Rolls-Royce brand automobiles sold worldwide (+7.4%, prev. yr. 103,242 units), the BMW Group achieved its best-ever August sales result. BMW Group worldwide sales crossed the one million mark in August, with a total of 1,073,363 (prev. yr. 919,256) vehicles delivered to customers since the beginning of the year – an increase of 16.8% compared with the first eight months of the previous year.
Ian Robertson, member of the Board of Management of BMW AG, responsible for Sales and Marketing: “We achieved record sales once again in August. Models such as the BMW X3, the BMW 5 Series Sedan and the BMW 5 Series Touring continued to report strong gains and made a positive contribution to our record sales performance last month. Looking … CONTINUED
The BMW Group in the U.S. (BMW and MINI combined) reported June sales of 26,865 vehicles, an increase of 15.1% from the 23,331 vehicles sold in the same month a year ago.
Year-to-date, BMW Group is up 18% on sales of 143,521 in the first six months of 2011 compared to 121,585 in the same period in 2010.
“With all that’s gone on in the world in the last month, our own economy and auto market are still volatile places so you’d better have the right models and business strategy to attract customers in this environment,” said Jim O’Donnell, CEO, BMW of North America. “We’ve been fortunate to have both and that’s why we’re in the market leading position for the first half of 2011 and more new … CONTINUED