BMW Group boosts performance with significantly higher earnings

Automotive segment reports nine-month free cash flow of € 6.3 billion +++ Segment EBIT margin comes in at 11.3% for nine months +++ BMW brand grows nine-month market share in Europe, Asia and Americas +++ Deliveries of fully electric vehicles up by 121.4% for nine-month period +++ Raised outlook for full year 2021 confirmed +++

Munich. The BMW Group continued to demonstrate its high level of profitability in the period from July to September 2021, with revenues, profit before tax and net profit all at record levels for a third quarter. The Group’s strong performance during this period was driven in particular by favourable product mix factors and positive pricing effects for new vehicles as well as stable selling prices of pre-owned vehicles. 

The BMW Group also posted new record figures for deliveries to customers, revenues and profit before tax for the nine-month period and, in light of this strong performance, confirmed its outlook for the full year at the quarterly press conference. The outlook for the current year was raised in an ad-hoc announcement dated 30 September, clearly demonstrating the Group's underlying profitability. 

At the same time, the Group is relentlessly driving forward the process of becoming a climate-neutral premium automobile manufacturer. 

"The BMW Group shows how profitability and transformation go hand in glove. We see technological change as a great opportunity to strengthen our business model on a sustainable basis. With our focus on climate-neutral mobility, we are consistently driving the company forward to make it future-proof," said Oliver Zipse, Chairman of the Board of Management of BMW AG, in Munich on Wednesday. 

The BMW Group’s consistent focus on sustainability, ultimately leading to a circular economy, was underlined with the unveiling of the BMW i Vision Circular concept vehicle at the IAA in Munich in September. This first, fully recycled and recyclable vision vehicle created by the BMW Group provides a forward glimpse of sustainable premium mobility in the year 2040. 

"When it comes to climate protection, the relevant question is: how big is the carbon footprint of a vehicle over its entire life cycle, including the impact of raw materials, industrial production, the active use of the vehicle and recycling? That is the currency that ultimately counts and the one by which our performance will be measured," Zipse emphasised. "That's why our understanding of sustainability goes far beyond developing e-drive systems. We aim to leverage circular economy principles to achieve a maximum of climate protection – starting with the sustainable selection of individual raw materials for production and considering the life cycle of our vehicles as a whole."

Further information in the press release to download