“We remain firmly on track, achieving our best figures to date in terms of sales volume, revenues and earnings.”
The BMW Group revenues at €23.9 billion and sales volume were strong in Q2, with the Group profit before interest and taxes (EBIT) for the six-month period exceeding €5 billion for the first time. Worldwide sales of BMW, MINI and Rolls-Royce vehicles between April and June increased by 7.5% to 573,079 units (2014: 533,187), setting a new record for the second quarter.
Q2 EBIT amounted to €2,525 million (2014: € 2,603 million; -3.0%), while the profit before tax (EBT) came in at €2,582 million, slightly below the €2,654 million reported one year earlier (-2.7%). In the second quarter of 2014, the BMW Group achieved its best-ever pre-tax profit to date.
Higher personnel costs, increased expenditure on new product start-ups and a change in the model mix with a higher proportion of compact vehicles were the main reasons for a slight decline in the profits below the previous year’s record level.
“We remain firmly on track, achieving our best figures to date in terms of sales volume, revenues and earnings,” commented Harald Krüger, the Chairman of the Board of Management of BMW AG on Tuesday in Munich. “We remain committed to achieving an evenly balanced distribution of worldwide sales and maintaining the flexibility to react appropriately to developments on individual markets.”
