Quarterly report Q3 2017: BMW reports a little less profit

Today, BMW has presented its quarterly report for Q3 2017. Also if you can report in the third quarter, less profit, so the group is heading still further to a successful result for the year. Around 40 new and revised models of the brands BMW, Mini and Rolls-Royce is expected to come from 2017 until the end of 2018 on the market, which is why it is in the BMW group’s Munich headquarters for the future remains optimistic that the high expenditure for new technologies and vehicle developments by the great model offensive is operated.

BMW is currently a lot of money in the Hand, and heavily in the development of electro-mobility, Autonomous driving and in a number of new models of investing. Despite the high level of investment, it remains in optimistic and expects a successful result for the year with an EBIT margin in target corridor between 8 and 10 percent.

The group’s earnings before taxes (EBT) reported BMW a drop to 2,422 billion euros, which represents a decrease of 5.9 percent. As a result, it was in the third quarter of 2017, a slight decline in profit, which fell by 1.8 percent to 1,789 billion euros.

Nevertheless, it remains, in spite of the partly difficult market conditions, continuing its growth course. In the third Three-month period around the world by 2017 590.415 cars of the brands BMW, MINI and Rolls-Royce were delivered, which represents an increase compared to the third quarter of 2016 from 1.2 percent. Over the previous year (1. January to 30. September 2017) scored BMW with 1.811.234 vehicles delivered, an increase of 3.7% in comparison to the prior-year period.

The driving force in the BMW stable remains the segment BMW Automobiles. Large increases were recorded in the BMW 1 series (+10,8 %), the BMW 7 series (+14.7 %) and the BMW X1 (+38,7 %). The Compact SUV sold in the first nine months of this year, a total of 207.663 Time. From the large upper class sedan, the 7 series were sold from January to the end of September 2017 worldwide 47.880 copies and the Compact model 1 series rolled 143.018 Time to the customer.

Judging by the sales figures according to regions of separated, as in Europe and America with a slight Minus. On the European continent, the sales of -1.2 per cent went back easily, and also in America, there was again a paragraph-Minus (-5,1 %). Furthermore, strong paragraphs, develop in vehicles on the Asian market. There you could increase in the third quarter of 2017 9.5%. And also on the core market of China, there was an increase of 9.0 percent.

So right to the front, it went in terms of electric mobility and in the motorcycle division. The paragraphs in the case of electric cars could be increased in the first nine months of the year, by a whopping 64.2 percent to a total of 68.687 E-cars. Really well also the products of BMW have sold motorcycle in the past three months. Worldwide 39.429 of vehicles delivered to customers (+ 11.7 percent). In the entire year of 2017 so far, 127.818 units, which corresponds to a Plus of 10.1%.

Despite a slight fall in profits in the BMW is optimistic. In the autumn of imported models like the new BMW 6-series Gran Turismo and the new X3 should contribute to the positive development.

Images: © BMW Group

[resources : bimmertoday.de]
by : klonr.com