The BMW Group continued its course of profitable growth during the second quarter of 2016. The BMW Group recorded its best ever quarterly sales volume and net profit figures between April and June. The partnership with Intel and Mobileye underlines the BMW Group’s ambition to play a leading role in developing safe and reliable automated driving.
“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 revenues rose by 4.5 percent to € 25,014 million (2015: € 23,935 million). At € 2,725 million, profit before financial result (EBIT) was 7.9 percent higher than one year earlier (2015: € 2,525 million). Group profit before tax (EBT) increased by 8.4 percent to a new high level of € 2,798 million (2015: € 2,582 million). Group net profit rose by 11.4 percent to € 1,949 million (2015: € 1,749 million), also marking a new record for a second quarter.
Motorcycles segment exceeds sales volume of 80,000 units for the first time in the first half of a year – sales guidance raised
The motorcycles segment continues to perform well. At 46,966 units, second-quartersales of BMW motorcycles and maxi-scooters worldwide remained at the previous year’s high level (47,048 units; -0.2 percent). Segment revenues totaled € 617 million in the second quarter, similar to one year earlier (2015: € 622 million; - 0.8 percent). Earnings, however, were down on the previous year, due to starting a number of projects which support the implementation of the motorcycles segment’s new strategy. EBIT amounted to € 98 million (2015: € 112 million; -12.5 percent), while profit before tax finished at € 97 million (2015: € 112 million; -13.4 percent).
For the first time in the first half of a year, more than 80,000 motorcycles and maxi-scooters were delivered to customers during the first half of 2016. Sales volume during the period from January to June increased by 3 percent to 80,754 units (2015: 78,418 units) – the fourth successive record figure for the first half of a year. At € 1,199 million, segment revenues were at a similar level to the previous year (2015: € 1,189 million: +0.8 percent). EBIT amounted to € 192 million (2015: € 227 million; -15.4 percent), while profit before taxfinished at € 191 million (2015: € 226 million; -15.5 percent). The motorcycles segment’s sales volume performance is expected to improve further during the second half of the yearthanks to its attractive and young model range. For the full year, a solid (previously: slight) increase in retail sales is expected.
BMW Group on track to achieve guidance for full year 2016
The BMW Group expects the motorcycles segment to continue its upward trend for the remainder of the current year. The new R NineT Scrambler and G 310 R models have given the product portfolio additional breadth and are attracting new customer groups. A solid (previously: slight) year-on-year increase in sales volume is forecast for the full year.