BMW releases Q2 results
BMW Motorrad announced its best quarterly and six-month sales volume performances in its history. The motorcycles segment set new sales volume records for the two reporting periods, with Q2 sales up significantly by 12.3 percent to 52,753 units and six-month sales rising to 88,389 units.
The number of motorcycle delivered worldwide in the second quarter of 2017 was up 12.3 percent, as compared to 46,966 units in the same period of 2016.
The BMW Group sold 58,617 units (2016: 51,930 units; + 12.9 percent) in Europe during the first six months of the year. The number of motorcycles sold in Germany increased by 4.9 percent to 14,461 units (2016: 13,792 units). At 9,447 units, the figure for France was more than one fifth up on the previous year (2016: 7,790 units; + 21.3 percent). Significant growth was also achieved in Italy, where motorcycle sales rose by 15.0 percent to 9,099 units (2016: 7,912 units). Despite an extremely competitive and contracting U.S. market, the BMW Group achieved 3.8 percent sales volume growth year-on-year (7,157 units; 2016: 6,897 units).
Increase in motorcycle production
In Q2 2017, the BMW Group manufactured 51,086 motorcycles at its four production sites worldwide (2016: 44,105 units; + 15.8 percent). A total of 105,552 motorcycles rolled off production lines (2016: 84,385 units; + 25.1 percent) during the first six months of the current year. The significant increase in motorcycle production was largely due to the higher number of model production starts compared to the previous year.
Revenues and earnings up
The motorcycles segment continued to reap the benefits of sales volume growth in the second quarter of 2017. In addition, business with optional equipment also made an important earnings contribution. Second-quarter revenues rose by 12.8 percent to € 696 million (2016: € 617 million), generating segment EBIT of € 104 million (2016: € 98 million; + 6.1 percent) with an EBIT margin of 14.9 percent (2016: 15.9 percent; – 1.0 percentage points). Profit before tax went up by € 6 million to € 103 million (2016: € 97 million; + 6.2 percent). Segment revenues for the six-month period were also significantly higher with a 10 percent year-on-year increase (€ 1,319 million; 2016: € 1,199 million). The segment recorded an EBIT margin of 17.4 percent (2016: 16 percent; + 1.4 percentage points) with an EBIT of € 229 million (2016: € 192 million; + 19.3 percent). Profit before tax for the first half of 2017 rose sharply to € 228 million (2016: € 191 million; + 19.4 percent).
