BMW Group in 2017: record sales, revenue and earnings

The BMW Group has presented the main financial figures for the fiscal year 2017, and reports several records. Never before have better values in terms of sales, revenues and earnings could be achieved, never-before-more vehicles were sold with an electrified powertrain. Based on the success of the record sales of 2.463.526 units with the brands BMW, MINI and Rolls-Royce, has confirmed the role of the BMW Group as the most successful supplier of Premium automobiles.

The consolidated turnover was increased in 2017 to 4.8 percent in the the best value of 98,678 billion, the profit before financial result (EBIT) climbed by 5.3 percent to 9,880 billion euros. Among other things, aided by valuation effects, the group grew earnings before taxes (EBT) were up by 10.2 percent to 10.655 million euros and thereby exceeded for the first time the mark of 10 billion euros. The EBIT margin in 2017, with 8.9 percent for the eighth Time in a row in the target corridor between 8 and 10 percent.

Harald Kr├╝ger (Chairman of the Board of management of BMW AG): “We have achieved the most successful financial year in our history behind us and in 2017 for the eighth Time in a row, with record sales and earnings. We have met since 2016 the number of strategic decisions to our sustainable success in the coming years to develop. We strive to achieve in the current year, a slight increase in deliveries to a new high.
A company is only as good as its employees. With their exemplary commitment, they are the driving force of our success story. That’s why we pay our employees at the location in Germany the highest participation compared to the competition. The proposal for a significant increase in the dividend is a Signal of Confidence that the company is properly positioned to its sustainable Success in the future, continue on.”

Nicolas Peter (member of the Board of management of BMW AG, Finance): “We have spent the past year of around one billion Euro more on research and development as of 2016 – and still, our operating profit may increase. This is what we understand under sustainable profitability.
In 2018, we expect the provisional maximum value of our rate for research and development services. Towards 2017, we are expecting again with an extra-high three-digit million Euro amount. These additional inputs we need to establish ourselves by a strong performance side, as well as consistent efficiency and a clear focus on the expenditure side.”

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

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