BMW Motorrad Revenues Up 18.9% in 2005
Munich-based BMW said 2005 year-end group revenues were 46.656 million euro, up 5.2% from revenues of 44.335 million euro in 2004.
BMW Motorrad recorded revenues of 1.223 million euro, up 18.9% from 1.029 million euro in 2004; Automobile segment revenues increased 7.8% to 45.861 million euro; and revenues for the company’s Financial Services division increased 14.4% to 9.408 million euro.
BMW sold 97,474 motorcycles worldwide in 2005, up 5.6% from sales of 92,266 units in 2004. The company sold 1,327,992 BMW, MINI and Rolls-Royce brand cars during the year, up 9.9% from sales of 1,208,732 cars in 2004, and the volume of new retail customer contracts for the Financial Services division rose 13.2% to euro 23,507 million.
In other BMW-related news, Dr. Guenter Niedernhuber has been named Executive Vice President, Finance, and Chief Financial Officer of BMW (US) Holding Corp., responsible for the company’s finance, controlling, treasury, information technology, purchasing, human resources and property management functions. He succeeds Dr. Rolf Hagemann, who held the position for three years and has returned to Germany to accept an executive position outside of the automotive industry.
Niedernhuber joined BMW AG in 1987 and has been promoted several times during his tenure with the company. Prior to this appointment, he was head of BMW Financial Services, Europe.
