December 9, 2022

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

BMW has posted a potent established of financial final results for 2021, together with new information for income revenues, earnings and internet profit.

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

Group web earnings arrived at a new all-time significant 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 bigger percentage of substantial-income cars, the BMW Group benefited from favourable item-blend results and improved pricing – both of those for the sale of new autos and the resale of conclusion-of-lease motor vehicles.

Reduced year-on-year personnel figures and modernisation of the pension plan for personnel in Germany resulted in a decrease cost of product sales in the superior 3-digit million euro assortment. Even so, this was partly offset by bigger charges for performance-primarily based remuneration in the charge of product sales. More headwinds resulted from bigger uncooked substance charges.

The fourth quarter was hit by constrained product sales owing to semiconductor supply bottlenecks, as nicely as growing energy and raw substance charges. In the Automotive Segment in Q4, the EBIT of € 1,925 million (prev. yr.: € 2,010 million/ -4.2%) was down marginally yr-on-12 months, effectively because of to the lower revenue volume, BMW said.

“The past yr presents distinct evidence that profitable transformation bears fruit. The potent earnings we achieved in economic year 2021 are the result of our dependable approach – with the appropriate solutions at the correct time,” reported BMW AG CEO Oliver Zipse.