18/05/2022

Ordiate

A Class Of Its Own

Pricing effects and model mix boost BMW to record profit in 2021

BMW has posted a sturdy set of money benefits for 2021, which include new information for gross sales revenues, earnings and web income.

Deliveries ended up up 8.4%, to 2,521,514 units, of which 13% were being electrified vehicles (328,314 models/ +70.4% YOY).

Group net income reached a new all-time superior of € 12,463 million (prev. yr.: € 3,857 million/ +223.1%).

Team revenues climbed to € 111,239 million (prev. yr.: € 98,990 million/ +12.4%). With a larger proportion of substantial-income motor vehicles, the BMW Team benefited from good item-combine effects and improved pricing – both equally for the sale of new autos and the resale of stop-of-lease autos.

Decreased year-on-12 months employee quantities and modernisation of the pension plan for staff in Germany resulted in a lessen price tag of revenue in the high 3-digit million euro selection. On the other hand, this was partly offset by better bills for efficiency-dependent remuneration in the charge of revenue. Further headwinds resulted from increased uncooked materials prices.

The fourth quarter was strike by constrained product sales thanks to semiconductor supply bottlenecks, as well as increasing strength and uncooked material rates. In the Automotive Section in Q4, the EBIT of € 1,925 million (prev. yr.: € 2,010 million/ -4.2%) was down a little bit year-on-yr, fundamentally due to the decreased revenue volume, BMW said.

“The earlier year supplies very clear evidence that successful transformation bears fruit. The potent earnings we accomplished in economic yr 2021 are the outcome of our steady technique – with the proper solutions at the ideal time,” mentioned BMW AG CEO Oliver Zipse.