Munich. The BMW Group is entering the financial year
2025 with a clear commitment to growth – with a planned slight
increase in sales volume, a decrease in investments and robust free
cash flow.
“What has always set the BMW Group apart is our ability to maintain
our course, even in challenging conditions. We remain clearly focused
on two things – our near term performance and our long-term
perspective,” said Oliver Zipse, Chairman of the Board of
Management of BMW AG, on Friday. “With the NEUE KLASSE, we
are implementing the biggest future-focused project in the history of
our company, while at the same time achieving a robust free cash flow.”
- Advertisement -
At the end of this year, the first production model
of the NEUE KLASSE, the new BMW iX3,
will kick off an unprecedented ramp-up of new models: Across
all drivetrain variants and all segments, the BMW Group will release
more than 40 new and updated vehicles onto the market by
2027. What these new models have in common is that they will
be equipped with future technology clusters, which will be rolled out
successively across the entire portfolio with the launch of the NEUE KLASSE.
“We are taking a huge leap forward with our new technology clusters –
achieving maximum scalability, increasing the level of innovation and
enhancing customer benefits. We do not differentiate between segments
or drivetrain technologies – we provide every customer with the latest
technology,” said Zipse.
Consistent implementation of strategy
The BMW Group made extensive investments in innovative technologies,
its model line-up and manufacturing footprint worldwide in 2024. There
will be a decrease in expenditure this year, from the planned peak in
R&D spending and capital expenditure last year. On this basis, the
company is aiming for a profit before taxes at the previous year’s
level – despite increased tariffs.
- Advertisement -
“Never before in the history of BMW have we invested so extensively
in our future. Investment reached its highest level in 2024, as
planned. This underlines the durability of our strategy – and how
consistently we are implementing it,” said Walter Mertl,
member of the Board of Management, Finance.
- Advertisement -
Technology openness as strategic success factor in global competition
The diversity of its product range remains a key success factor for
the BMW Group: The company is well positioned to meet globally
diverse requirements and customer needs – both today and in the
future – with a broad drivetrain portfolio spanning
internal combustion engines, plug-in hybrids, battery-electric drive
trains and, starting in 2028, also fuel-cell electric vehicles powered
by hydrogen.
Highly efficient internal combustion engines, which
remain in high demand worldwide, will continue to play a key role.
Last year alone, the company released more than 15 new or updated
models with internal combustion engines onto the roads. All
engines have been approved for higher percentages of renewable fuels
for years. Fuels with lower CO2 content are the
most effective way to reduce the carbon footprint of the existing
fleet of over 250 million vehicles in Europe alone, making a valuable
contribution to the transport sector’s efforts in the fight against
climate change.
Battery-electric vehicles (BEVs) remain the
BMW Group’s main growth driver. The company’s broad
all-electric offer comprises more than 15 models across all
brands. This means the BMW Group has a fully-electric offer
in all its main segments. In 2024, the BMW Group significantly
increased its total BEV sales worldwide to 426,536 units
(+13.5%), representing a sales share of more than 17%. At MINI, about
one in four vehicles is fully-electric; at Rolls-Royce, it is already
one in three.
Plug-in hybrids (PHEVs) also remain an essential
element of the BMW Group’s technology-open approach and
electrification of its model range: State-of-the-art BMW PHEV models
enable an all-electric range of over 100 kilometres, thus making it
relevant for a large proportion of typical driving situations and also
making a substantial contribution to CO2 reduction. In
total, the BMW Groupdelivered nearly 600,000 electrified
vehicles including plug-in hybrids (PHEVs and BEVs) to
customers in 2024. This means almost one in four vehicles sold
was electrified.
Electrified deliveries reach new all-time high – important
milestones in 2025
The company will reach two major milestones in 2025: first,
three million electrified vehicles on the roads
since the launch of the BMW i3 and BMW i8 and, second, 1.5
million fully-electric vehicles delivered to customers.
The decrease in the CO2 emissions of the new vehicle fleet
also underlines the effectiveness of technology openness: Based on
preliminary figures, the BMW Group was able to reduce its EU fleet
emissions to below 100 grams of CO2 per kilometre (WLTP)
for the first time in 2024.
First hydrogen production vehicle to be released in 2028
In 2028, the BMW Group will become the first premium
manufacturer worldwide to release a series production
fuel-cell vehicle, offering its customers another emission-free
drivetrain option. To this end, the BMW Group is deepening its
cooperation with Toyota Motor Corporation: Both partners will jointly
develop the drive system for passenger cars, which will then be used
in a brand-specific way in the two manufacturers’ respective models.
The planned BMW vehicle will fit seamlessly into the brand’s
portfolio, where it will be available alongside other drive train options.
NEUE KLASSE is laying the foundation – BMW iX3 will be first
production vehicle
Series production of the NEUE KLASSE will get underway in late 2025.
The first production vehicle of this new generation
of BMW models will have the model name BMW iX3.
Series production of this SAV model, which was foreshadowed by the BMW
Vision Neue Klasse X last year, will begin late this year at Plant
Debrecen – the first plant in the BMW Group production network to
exclusively build fully-electric vehicles. Since late 2024, the plant
has been producing pre-series vehicles for testing.
The BMW iX3 kicks off an unprecedented model ramp-up up to
2027: The launches of more than 40 models of all
drivetrain variants will follow in quick succession;
including a sporty sedan that is core to the BMW brand, which will be
launched in 2026.
With the series launch of the BMW iX3, the new technology
clusters will also be integrated throughout the entire BMW product
line-up based on the established modularity principle. With
this development, the BMW Group has achieved a high level of
innovation: Numerous patents were successfully registered –
for example, for electric motor components, display projection
technologies and driving dynamics control functions. This
means that all future BMW models will benefit from the innovations
of the NEUE KLASSE – as well as from the new design language.
Digital nervous system for “Software-Defined Vehicle”
For the next stage in its customer and driving experience, the BMW
Group has completely redesigned the components, functionality and
connectivity its “Software-Defined Vehicle”. The result is an entirely
restructured digital nervous system – consisting of a new electrical
system with zonal architecture, a refined software architecture and
four “super-brains”. These high-performance computers cluster the
computing power for key customer functionality around infotainment,
automated driving, driving dynamics and basic functions, such as
vehicle access, air conditioning and comfort. In this way, the BMW
Group is centralising and significantly reducing the number of
electronic control units, while simultaneously providing well over 20
times more in-car computing power in the vehicle. This already ensures
that the electronic control units will also be capable of
accommodating future software and function updates, including AI features.
The zonal architecture comprising four zones, will
substantially increase the vehicle’s efficiency: On the one hand, this
radically simplifies the electrical system – 600 metres less wiring
also reduces weight by 30%. On the other hand, the use of “smart
eFuses” allows unnecessary energy consumption to be deactivated in
certain situations, such as when the vehicle is parked or charging.
Developers are working on well over 1,000 software modules with more
than 500 million lines of code to further enhance the software
architecture of the new digital “nervous system”.
Overall, the redesign of the electronics architecture enables
a quantum leap in performance, integration capability and
efficiency. New innovations can be relayed much faster to the
vehicle through over-the-air upgrades, ensuring the car remains
up-to-date – even when the next vehicle generation is already on the
market. Over the course of the year, the BMW Group targets to increase
the number of “over the air update” capable vehicles on the roads to
over ten million.
Next-level driving experience
Ten times faster than previous systems, developed entirely in-house
and delivering maximum integration – with the “Heart of
Joy” and new “BMW Dynamic Performance
Control”, the BMW Group is set to achieve a quantum
leap in driving experience: For the first time, the new
highly integrated control unit – that will be used in every
fully-electric BMW in the future – combines drivetrain and driving
dynamics functions. Integrated control of the drive train, braking and
recuperation takes efficiency to the next level: In 98% of driving
situations, the conventional brake does not need to intervene – the
recuperation braking power is sufficient. As a result, the
“Heart of Joy” increases overall efficiency by up to 25%.
The performance capabilities and potential of the “Heart of Joy” are
showcased in the BMW Vision Driving Experience. In
this new high-performance test vehicle, the functionality of the
electronic control unit is tested under extreme conditions: The Vision
Vehicle develops a torque of up to 18,000 Nm. The logic behind this:
If the system can handle such a powerful high-performance vehicle, it
will also be capable of managing the requirements of future production
models. The BMW Vision Driving Experience will showcase the
capabilities of the “Heart of Joy” in April at the Auto Shanghai 2025.
Focus on driver orientation: The new BMW Panoramic iDrive
More than 20 years ago, the BMW Group set the benchmark for driver
orientation and intuitive operability with its iDrive system. Starting
in the new BMW iX3, the company is taking the next step by launching a
completely new display and a new highly intelligent operating system.
The clear objective is to reinterpret the brand’s hallmark “hands on
the wheel, eyes on the road” approach and develop it into the future.
With “BMW Panoramic iDrive”, the central interface for
driver-vehicle interaction is being totally redesigned. At
the heart of this new system is BMW Panoramic Vision – a completely
newly-developed concept that projects content across the full width of
the windscreen. It is rounded off by three other new components: the
BMW 3D head-up display, the central display and the multifunction
steering wheel. The entire system is operated either by touch or voice
control via BMW Intelligent Personal Assistant, which is taken to a
new level through a Large Language Model (LLM).
The intelligent backbone of the new Panoramic iDrive is formed by the
new BMW Operating System X, which was developed entirely in-house and
is based on an Android Open Source Project (AOSP) software stack,
delivering significant update and upgrade capabilities. The new
operating system enables optimal coordination and distribution of
content in the vehicle across Panoramic iDrive’s four elements. At the
same time, it offers customers maximum personalisation and
customisation, tailored to their individual preferences and needs.
Sixth-generation BMW eDrive technology
The BMW Group is launching the sixth generation of its eDrive
technology in the electric models of the NEUE KLASSE. The system
comprises three significantly enhanced components: the high-voltage
battery, the electric motor and the “BMW Energy Master”: The latter
operates as the control unit for the entire electric drive system, has
been developed completely in-house and will be manufactured in the BMW
Group Plant in Landshut.
In the future, the BMW Group will use round cells
and an 800-volt system for its high-voltage battery.
This combination heralds a major breakthrough at both cell and vehicle
levels: 20% higher energy density, 30% faster charging and at
least 30% more range. The round cells are integrated and
wired directly into the battery housing. With this new concept, the
BMW Group is aiming to reduce costs for the high voltage battery by 40
to 50 percent.**
For its e-drive, the BMW Group relies on a
highly flexible and scalable modular system. The
basis for this is provided by DC-excited Synchronous Motors (SSMs)
that are developed and produced in-house. Vehicles with xDrive come
with the option of Asynchronous Motors (ASMs) installed on the front
axle, reducing energy loss by 40% and weight by 10%. In the future,
customers will be able to choose between models with one, two, three
or four electric motors.
Strong brands, diversified product portfolio
The foundation of the BMW Group’s success lies in its fresh
and attractive product line-up across all segments. In
2024, with the new BMW X3, the BMW brand unveiled the
fourth generation of one of its best-selling models. Within the past
two years, the BMW Group has thoroughly updated its product
range in two high-volume segments: In the entry-level
segment, the new generations of the BMW 1 Series and BMW 2 Series Gran
Coupé were released onto the market. In BMW’s core segment, both the
BMW 3 Series and BMW 4 Series were further developed. Following the
update to the BMW iX*, this model now provides a
fully-electric range of over 700 kilometres in the
WLTP cycle.
In 2024, M GmbH posted record sales for the
13th consecutive year, building on its broad and diverse
model line-up, including the BMW M3 CS Touring*, BMW M5 Sedan* and BMW
M5 Touring*, among others. One in ten BMW brand vehicles features M technology.
With the launch of the new MINI Convertible*, the
New MINI Family is now complete, comprising five models in total.
Rolls-Royce recently introduced its second
fully-electric vehicle, Black Badge Spectre*. The company
is also investing 300 million pounds in its Goodwood production site
to further expand its Bespoke and Coachbuild offerings.
BMW Motorrad reported its highest-ever sales
last year. This success can be attributed to its highly
sought-after GS models, the new heritage models of the R12 series and
the high-performance long-distance sports models from the
four-cylinder series, among others.
As planned, future investments reach new all-time high in 2024
Systematically and with strong momentum, the BMW Group is working on
extensive future model updates and technology innovations including
electrification and digitalisation across all model series. To this
end, the company invested more than € 18 billion in R&D
and capital expenditure linked to new products and facilities in the
2024 financial year. The company will further strengthen
its global production network with the construction of the new plant
in Debrecen (Hungary) – where series production of the new BMW iX3
will begin at the end of this year – along with the development of
five high voltage battery assembly facilities and the extensive
refurbishment of the Munich plant.
BMW Group meets adjusted business targets for 2024, as
forecast
As projected, the company achieved its adjusted business targets for
2024, which were set in September. The guidance adjustment was
triggered by the financial effects of delivery stops and recalls in
connection with the supplied Integrated Brake System (IBS) component
and continuing subdued demand in the Chinese market. Outside of China,
the BMW Group benefited from growing customer demand for its
attractive premium vehicles: Excluding China, the BMW brand achieved
growth of 4.1% for the full year and was able to expand its position
as number one in the segment worldwide. The BMW Group reported
revenues for the full year of €
142,380 million (2023: € 155,498 million; -8.4%).
Investment in the future reach a new high with NEUE KLASSE
Expenditure for research and development increased significantly, as
planned, to € 9,078 million (2023: € 7,755
million/+17.1%). The R&D ratio for the full year
was 6.4% (2023: 5.0%). As planned, the BMW Group’s capital
expenditure for the full year climbed to € 9,056
million (2023: € 8,836 million/+2.5%). The
capex ratio for the 12-month period rose to 6.4%
(2023: 5.7%). The company expects its investments in future projects
to decrease, starting in 2025.
Group earnings (EBT) in line with adjusted guidance
In 2024, the BMW Group reported Group earnings before tax
(EBT) of €10,971 million (2023: € 17,096
million/-35.8%). The Group
EBT margin came in at 7.7% (2023: 11.0%). In the
fourth quarter of 2024, the BMW Group earned a margin of 5.8% (Q4/
2023: 8.6%). Group net profit amounted to €
7,678 million (2023: € 12,165 million/-36.9%).
Automotive Segment EBIT margin at 6.3%
Automotive Segment earnings before financial result
(EBIT) totalled € 7,893 million in 2024
(2023: € 12,981 million/ -39.2%). In the second half of 2024, in
particular, the operating result was impacted by the market situation
in China and delivery stops linked to Integrated Braking System (IBS).
The EBIT margin came in at 6.3% (2023: 9.8%), which
was within the adjusted target range of 6-7%. Excluding depreciation
and amortisation for BBA assets from the purchase price allocation,
the EBIT margin was 7.4%. In the fourth quarter of 2024, the segment
earned a margin of 5.5% – excluding the BBA depreciation, EBT totalled
approx. € 2.2 billion in the final quarter of the year, with an EBT
margin of 6.5%.
The Automotive
Segment’s
free cash flow for the full year totalled €
4,852 million (2023: € 6,942 million) – despite
realized future investments of € 18.2 bn. Largely due to a planned
significant reduction in inventories, the BMW Group achieved a
free cash flow of €
5,043 million in the fourth quarter (2023: € 1,183
million/+326%). In 2025, the segment’s free cash flow is expected to
benefit from lower capital expenditure and land above €5 billion.
In the Financial Services Segment, the BMW Group
reported solid growth in the number of new contracts with retail
customers for new and used vehicles in 2024, with a significantly
higher financing volume per contract. The penetration
rate new BMW Group vehicles leased or financed by the
Financial Services Segment climbed to 42.6%duringthe reporting year
(2023: 38.2%/ +4.4 percentage points).
Earnings before tax
(EBT) for the full year 2024 amounted to €
2,538 million (2023: € 2,962 million/-14.3%).
Earnings development reflected the expected lowerincome from the
resale of end-of-lease vehicles year-on-year, which nevertheless
remains positive on average per vehicle. Additionally, earnings were
impacted by higher provisions for credit and residual value risks, and
additional allocations to provisions.
Higher payout ratio – dividend of € 4.30 proposed
Accounting for the payout ratio target range of 30 40% of net profit
attributable to the shareholders of BMW AG and subject to the approval
of the Annual General Meeting on 14 May 2025, thecompany’s
unappropriated profit (according to the German Commercial
Code) of € 2,677 million (2023: € 3,802
million/-29.6%) will be distributed to shareholders from BMW AG’s net
profit. This represents the highest ever payout ratio
of 36.7% (2023: 33.7%). Accordingly, the Board of Management and
Supervisory Board will propose a dividend of € 4.30 per share of
common stock (2023: € 6.00) and € 4.32 per share of preferred stock
(2023: € 6.02). This makes the dividend for fiscal year 2024 the
fourth highest in the company’s history.
In addition, share buybacks remain a solid pillar of
the shareholder return strategy. Since authorization by the 2022
Annual General Meeting, the BMW Group has acquired a total of 6.35% of
the share capital as of December 31, 2024. By April 2025, the company
will have purchased a total of 4 billion euros in shares. At the
Annual General Meeting on May 14, BMW AG will request a further
authorization to buy back additional shares amounting to 10 percent of
the existing share capital within the next five years.
“The BMW Group has consistently implemented its shareholder return
strategy, even in the challenging financial year 2024. The highest
payout ratio ever agreed in the history of BMW AG results in a
dividend of €4.30 . In addition to our reliable annual dividends, our
shareholders benefit from our share buyback programmes. Of course, our
employees also benefit from the company’s success: They participate in
it through our profit-sharing scheme and discounted share purchase
options,” said CFO Mertl.
Number of employees higher year-on-year
The BMW Group employed 159,104 employees at the end
of 2024 (2023: 154,950/ +2.7%). This slight increase in employee
numbers was, as planned, due to the ramp-up of the NEUE KLASSE,
primarily in development, IT and the BMW Group’s global production network.
Detailed guidance for financial year 2025
The BMW Group anticipates the following developments during financial
year 2025: Inflation continues to stabilize and further moderate
interest rate cuts in many countries suggest that demand will rise
slightly in 2025. With the full availability of new models — the BMW 5
Series, the BMW X3 and the renewed MINI model range, as well as the
new BMW 2 Series Gran Coupé — the company expects slight growth in
sales overall. The share of all-electric vehicles in deliveries will
increase slightly compared to 2024.
The electrification and digitization strategy will continue in 2025;
however, costs and investments are expected to decline after the 2024
peak. At the same time, the continued challenging situation in China,
tariff increases and ongoing support measures for the supply chain are
expected to provide headwinds.
This guidance takes into account the effects of the tariff increases
that came into force up to March 12. In view of the aforementioned
aspects, Group earnings before taxes will
beexpected on previous year’s level***. An
EBIT margin in the range of 5.0 to 7.0% is
expectedin the Automotive segment. The Automotive
Segment RoCE should be within a range of 9 to 13%.
RoE in the Financial Services
segment is forecast to be in the range of 13 to 16%.
In the Motorcycles Segment, a slight increase in
sales and an EBIT margin within the target range of
5.5 to 7.5%are forecast, with an RoCE of 13 to 17%.
The above targets will be achieved with the current number of employees.
The actual business performance of BMW Group may deviate from current
expectations, i.e. due to changes in political and macroeconomic
conditions. Among other things, the currently anticipated
intensification of global trade conflicts, in the form of further
tariff increases, could have a negative impact.
* * *
You will receive further information on the Group Financial
Statements 2024 and the outlook for the current financial year at the
BMW Group Annual Conference on 14 March 2025. You can follow the
virtual event live on the internet from 8:00 a.m. (CET) at:
with the livestream of the journalist Q+A at the Annual Conference
from 9:00 to 9:45 a.m.
This will be followed from 11:00 a.m. to 12:00 p.m. by the livestream
of the Investor Relations Q+A with analysts at
The BMW Group Report 2024 will be published on 14 March 2025 at 7:30
a.m. (CET) at
|
The BMW Group – an overview: |
|
2024 |
2023 |
Change in % |
|
Deliveries to customers |
|
|
|
|
|
Automotive |
units |
2,450,854 |
2,554,183 |
-4.0 |
|
thereof: |
units |
2,200,217 |
2,252,793 |
-2.3 |
|
MINI |
units |
244,925 |
295,358 |
-17.1 |
|
Rolls-Royce |
units |
5,712 |
6,032 |
-5.3 |
|
Motorcycles |
units |
210,385 |
209,066 |
0.6 |
|
|
|
|
|
|
|
Employees (as of 31 Dec. 2024) |
|
159,104 |
154,950 |
2.7 |
|
EBIT margin |
percent |
6.3% |
9.8% |
-3.5 %-points |
|
EBIT margin |
percent |
6.1% |
8.1% |
-2.0 %-points |
|
EBT margin BMW Group2 |
percent |
7.7% |
11.0% |
-3.3 %-points |
|
|
|
|
|
|
|
Revenues |
€ million |
142,380 |
155,498 |
-8.4 |
|
thereof: |
€ million |
124,917 |
132,277 |
-5.6 |
|
Motorcycles |
€ million |
3,220 |
3,214 |
0.2 |
|
Financial |
€ |
38,562 |
36,227 |
6.4 |
|
Other |
€ |
14 |
11 |
27.3 |
|
Eliminations |
€ million |
-24,333 |
-16,231 |
49.9 |
|
|
|
|
|
|
|
Profit before financial result |
€ million |
11,509 |
18,482 |
-37.7 |
|
thereof: |
€ million |
7,893 |
12,981 |
-39.2 |
|
Motorcycles |
€ million |
198 |
259 |
-23.6 |
|
Financial |
€ |
2,511 |
3,055 |
-17.8 |
|
Other |
€ |
-25 |
-13 |
92.3 |
|
Eliminations |
€ million |
932 |
2,200 |
-57.6 |
|
|
|
|
|
|
|
Profit before tax (EBT) |
€ million |
10,971 |
17,096 |
-35.8 |
|
thereof: |
€ million |
7,544 |
12,642 |
-40.3 |
|
Motorcycles |
€ million |
198 |
258 |
-23.3 |
|
Financial |
€ |
2,538 |
2,962 |
-14.3 |
|
Other |
€ |
837 |
-100 |
937.0 |
|
Eliminations |
€ million |
-146 |
1,334 |
-110.9 |
|
|
|
|
|
|
|
Group income taxes |
€ million |
-3,293 |
-4,931 |
33.2 |
|
Net profit |
€ million |
7,678 |
12,165 |
-36.9 |
|
Earnings per share of common |
€ |
11.62 |
17.67 |
-34.2 |
|
Earnings per share of preferred |
€ |
11.64 |
17.69 |
-34.2 |
|
2 Ratio of Group earnings before taxes to Group revenues. |
||||
|
3 Common/preferred shares. Earnings per share of |
||||
|
The BMW Group – an overview: IN Q4 202 |
|
IN Q4 2024 |
IN Q4 2023 |
Change in % |
|
Deliveries to customers |
|
|
|
|
|
Automotive1 |
units |
696,697 |
717,620 |
-2.9 |
|
thereof: BMW |
units |
616,714 |
631,526 |
-2.3 |
|
MINI |
units |
78,241 |
84,616 |
-7.5 |
|
Rolls-Royce |
units |
1,742 |
1,477 |
17.9 |
|
Motorcycles |
units |
46,949 |
44,349 |
5.9 |
|
|
|
|
|
|
|
Employees (as of 31 Dec. 2024) |
|
159,104 |
154,950 |
2.7 |
|
EBIT margin Automotive Segment |
percent |
5.5% |
8.5% |
-3.0 %-points |
|
EBIT margin Motorcycles Segment |
percent |
-6.8% |
-7.6% |
-0.8 %-points |
|
EBT margin BMW Group2 |
percent |
5.8% |
8.6% |
-2.8 %-points |
|
|
|
|
|
|
|
Revenues |
€ |
36,416 |
42,968 |
-15.2 |
|
thereof: Automotive |
€ million |
34,054 |
37,283 |
-8.7 |
|
Motorcycles |
€ million |
657 |
643 |
2.2 |
|
Financial Services |
€ million |
9,964 |
9,504 |
4.8 |
|
Other Entities |
€ million |
4 |
2 |
100.0 |
|
Eliminations |
€ million |
-8,263 |
-4,464 |
85.1 |
|
|
|
|
|
|
|
Profit before financial result |
€ |
1,882 |
4,412 |
-57.3 |
|
thereof: Automotive |
€ million |
1,865 |
3,171 |
-41.2 |
|
Motorcycles |
€ million |
-45 |
-49 |
-8.2 |
|
Financial Services |
€ million |
312 |
606 |
-48.5 |
|
Other Entities |
€ million |
-12 |
0 |
– |
|
Eliminations |
€ million |
-238 |
684 |
-134.8 |
|
|
|
|
|
|
|
Profit before tax (EBT) |
€ million |
2,110 |
3,682 |
-42.7 |
|
thereof: Automotive |
€ million |
1,781 |
3,031 |
-41.2 |
|
Motorcycles |
€ million |
-46 |
-53 |
-13.2 |
|
Financial Services |
€ million |
392 |
511 |
-23.3 |
|
Other Entities |
€ million |
458 |
-212 |
-316.0 |
|
Eliminations |
€ million |
-475 |
405 |
-217.3 |
|
|
|
|
|
|
|
Group income taxes |
€ million |
-564 |
-1,068 |
47.2 |
|
Net profit |
€ |
1,546 |
2,614 |
-40.9 |
|
Earnings per share of common |
€ |
2.41 |
3.77 |
-36.1 |
|
Earnings per share of preferred |
€ |
2.42 |
3.78 |
-36.0 |
|
|
||||
|
2 Ratio of Group earnings before taxes to Group revenues. |
||||
|
3 Common/preferred shares. Earnings per share of |
||||
|
|
||||
|
|
||||
**The costs for the 6th generation of the high-voltage battery will
decrease by 40 to 50% compared to the current Gen5 high-voltage
battery. This is based on a comparable e-range.
*** Starting January 1st, 2025, the outlook range for Group EBT was
adapted. For details, please refer to the glossary of the BMW Group Report.
GLOSSARY – explanatory comments on key performance indicators
Deliveries to customers
A new or used vehicle is recorded as a delivery once it is handed
over to the end user (which also includes leaseholders under lease
contracts with BMW Financial Services). In the US and Canada, end
users also include (1) dealers when they designate a vehicle as a
service loaner or demonstrator vehicle and (2) dealers and other third
parties when they purchase a company vehicle at auction and dealers
when they purchase company vehicles directly from the BMW Group.
Deliveries may be made by BMW AG, one of its international
subsidiaries, a BMW Group retail outlet, or independent third-party
dealers. The vast majority of deliveries – and hence the reporting of
deliveries to the BMW Group – is made by independent third-party
dealers. Retail vehicle deliveries during a given reporting period do
not correlate directly to the revenues that the BMW Group recognises
in respect of that particular reporting period.
Payout ratio
The payout ratio is preliminary. Although the Board of Management and
the Supervisory Board will propose a fixed dividend per share at the
Annual General Meeting, the number of shares entitled to a dividend is
expected to fall by the Annual General Meeting due to the ongoing
share buy-back programme. Accordingly, the total amount to be
distributed to shareholders by 14 May is also still expected to change.
EBIT
Profit before financial result. Profit before financial result
comprises revenues less cost of sales, less selling and administrative
expenses and plus/minus net other operating income and expenses.
EBIT margin
Profit/loss before financial result as a percentage of revenues.
EBT
EBIT plus financial result.
PHEV
Plug-in-hybrid electric vehicle – hybrid vehicle with petrol engine
and electric drive.
If you have any questions, please contact:
BMW Group Corporate Communications
Dr Britta Ullrich, Finance Communications
Telephone: +49 89 382-18364
Email: britta.ullrich@bmwgroup.com
Sebastian Kessler, Communications Corporate, Strategy
Telephone: +49 89 382-21616
Email: sebastian.ke.kessler@bmwgroup.com
Max-Morten Borgmann, Head of Communications Corporate, Finance, Sales
Telephone: +49 89 382-24118
Email: max-morten.borgmann@bmwgroup.com
Media website: www.press.bmwgroup.com/deutschland
Email: presse@bmwgroup.com
The BMW Group
With its four brands BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW
Group is the world’s leading premium manufacturer of automobiles and
motorcycles and also provides premium financial services. The BMW
Group production network comprises over 30 production sites worldwide;
the company has a global sales network in more than 140 countries.
In 2024, the BMW Group sold over 2.45 million passenger vehicles and
more than 210,000 motorcycles worldwide. The profit before tax in the
financial year 2024 was € 11.0 billion on revenues amounting to €
142.4 billion. As of 31 December 2024, the BMW Group had a workforce
of 159,104 employees.
The economic success of the BMW Group has always been based on
long-term thinking and responsible action. Sustainability is a key
element of the BMW Group’s corporate strategy and covers all products
from the supply chain and production to the end of their useful life.
www.bmwgroup.com
LinkedIn:
YouTube:
Instagram:
Facebook:
X:
Forward momentum through technology openness, strong product line-up and NEUE KLASSE: BMW Group on track for growth in 2025
2025-03-14 14:40:37
www.press.bmwgroup.com
https://www.press.bmwgroup.com/canada/article/detail/T0448904EN?language=en
#momentum #technology #openness #strong #product #lineup #NEUE #KLASSE #BMW #Group #track #growth
