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BMW sold more than one million vehicles in H1

Staff writer |
The BMW Group increased sales volume, revenues and Group earnings in both the second quarter and the first half of 2014.

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Group revenues increased in the second quarter by 1.8% to reach € 19,905 million (2013: € 19,552 million) for this three-month period.

Business benefited perceptibly from an increase in sales volume, with exchange rate factors damping the scale of the increase in revenues. EBIT rose by 26.0% to € 2,603 million (2013: € 2,066 million) on the back of an improved model and regional mix.

Group profit before tax (EBT) climbed 30.9% to a new high of € 2,660 million (2013: € 2,032 million). The pre-tax return on sales was 13.4% (2013: 10.4%). Group net profit climbed by 27.2% to € 1,771 million (2013: € 1,392 million).

The total number of BMW, MINI and Rolls-Royce brand cars delivered to customers worldwide increased by 5.3% in the second quarter to a new record of 533,187 units for this three-month period (2013: 506,321 units).

Group revenues for the six-month period increased year-on-year by 2.8% to € 38,140 million (2013: € 37,098 million). Here too, exchange rate factors held back the scale of the increase. EBIT rose by 14.4% to € 4,693 million (2013: € 4,104 million) and profit before tax climbed 19.6% to € 4,826 million (2013: € 4,035 million). Group net profit increased by 19.6% to € 3,233 million (2013: € 2,704 million).

BMW Group sales volume increased 6.9% to 1,020,211 units in the first half of the year (2013: 954,521 units), the first time that more than one million vehicles have been sold in the first half of the year.

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