BMW AG, a German automaker, reported on Thursday that its revenue and net profit both reached record highs in 2021 despite increasing investment on electric vehicle-related research and development.
BMW claimed its full-year net profit increased from just 3.86 billion euros in 2020 to 12.46 billion euros, or nearly $13.7 billion, in a sneak peek at the numbers it will reveal at its annual meeting the following week. Over the previous year, sales increased 12.4% to 111.24 billion euros, or around $122.4 billion.
Climbed sales of automobiles, SUVs, and motorcycles were the traditional means through which BMW’s annual revenue increased. In comparison to its coronavirus-hampered 2020 performance, the automaker’s vehicle deliveries, which include cars and SUVs, increased by 8.4% to little over 2.5 million vehicles. That occurred in spite of production hiccups brought on by a persistent global semiconductor chip shortage.
These “electrified” vehicles, which include plug-in hybrids or completely electric models, made for about 13% of the 2021 deliveries. Just over 328,000 electrified vehicle sales were made by the BMW Group in 2021, an increase of 70% from the year before but still well short of EV market leader Tesla’s 936,000 sales.
By 2030, BMW wants at least half of its global deliveries to be entirely electrified vehicles.
Costs are associated with the EV push. BMW increased its R&D spending by 10.7% to 6.3 billion euros, much of which was devoted to developing new EV designs and parts. However, when reported as a percentage of revenue, it was roughly in line with 2020 at 6.2%.
In spite of the chip shortage, BMW’s profitability increased as the business focused on producing its most lucrative car lines. This is encouraging news for investors anticipating that BMW will be able to afford the switch to zero-emission vehicles. Before the Covid-19 pandemic rocked the world’s sectors, the operational profit margin in BMW’s automotive business, a closely followed number among auto analysts, increased to a robust 10.3% in 2021 from just 2.7% in 2020 and 4.9% in 2019.
BMW motorcycle sales increased 14.8% in 2021 to little over 194,000 units. Operating profit margin for the motorbike division increased from 4.5% in 2020 to 8.3% in 2021.
According to Nicolas Peter, who works for BMW in a position akin to a chief financial officer for a U.S. company, “our business figures are proof that we were able to combine the underlying transformation and the significant investment it entails with strong operational success in a very volatile environment in 2021.” “We are hopeful about the future and at a good place.”
BMW intends to distribute a portion of that large profit to its stockholders. At the annual meeting next week, the firm said that it will propose a new share repurchase program as well as an increase in the annual dividend to 5.80 euros per share from 1.90 euros in 2020.
Separately, BMW disclosed on Thursday that it has reached an agreement to buy Alpina, the name of a long-standing manufacturer of higher-performance variations of BMW vehicles, some of which have occasionally been made available through BMW’s own dealership network. Like the AMG brand at rival Mercedes-Benz, the Alpina brand will eventually become an internal trim line for BMW.
BMW’s annual shareholders meeting, which starts on March 16, will provide a thorough report on the company’s fourth-quarter and full-year results.
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2010 to 2022 BMW Revenue | BAMXF
Revenue history and growth rate for BMW from 2010 through 2022. The amount of money a business receives from its clients in exchange for the sale of goods or services is known as revenue. Net income is calculated by deducting all costs and expenses from the top line item on an income statement, which is revenue.
- BMW’s revenue for the three months ending June 30, 2022, increased by 7.44% year over year to $37.002 billion.
- BMW reported $136.835B in revenue for the year ended June 30, 2022, an increase of 3.54% from the previous year.
- BMW’s yearly revenue in 2021 was $131.607 billion, up 16.39% from the previous year.
- BMW reported $113.076 billion in annual revenue in 2020, a 3.12% decrease from 2019.
- BMW’s yearly revenue for 2019 increased by 1.38% from 2018 to $116.715B.
A multi-brand automaker with an emphasis on the premium areas of the global auto and motorcycle industries is BAYERISCHE MOTOREN WERKE AG. BMW, MINI, and Rolls-Royce are three of its brands. The 1 Series sports hatchback, the 3 Series with sedan, touring, coupe, and convertible models, the 5 Series with sedan and touring models, the 6 Series with coupe or convertible options, the 7 Series large sedan, the Z4 roadster and coupe, the X3, X5, and X6 sports utility vehicles, and M models like the M3, M5, and M6 are all part of the company’s lineup of BMW cars. Under the BMW brand, a range of motorbikes are also offered.
2010-2022 BMW Gross Profit | BAMXF
Gross profit history and growth rate for BMW from 2010 to 2022. Gross profit is the money a business makes after subtracting the variable expenses directly related to producing, marketing, and selling its goods or offering its services.
- BMW’s gross profit for the six-month period that ended on June 30, 2022, was $6.375B, a 12.71% year-over-year decrease.
- For the year ending June 30, 2022, BMW’s gross profit was $25.024B, up 5.35% over the previous year.
- BMW’s 2021 gross profit was $26.012B, up 67.66% from the previous year.
- BMW’s gross profit for the year 2020 was $15.515 billion, down 23.31% from 2019.
- BMW’s gross profit for the year was $20.231 billion, down 7.68% from 2018.
BMW Group’s global revenue from 2007 to 2021
The global revenue of the BMW Group was around 111.2 billion euros in 2021. The German automaker, which sells vehicles under the BMW, Rolls-Royce, and MINI brands, was one among the top luxury automobile manufacturers in the world in 2019. BMW rebounded rather fast from the 2008–2009 financial crisis, surpassing pre–crash revenue and EBIT by 2010.
With quarterly sales exceeding 93,033 units, BMW is presently the third best-selling European automaker in the United States. However, the MINI brand struggles to sell in the US, but MINI Cooper has done well to maintain its presence in the market, thanks in part to the Countryman model, which represented 40.2% of Mini’s sales in the US in 2018.
BMW has made bold goals to increase the sales of electric vehicles in only two years. If successful, this should enhance the company’s current 1% market share for electric passenger cars in Europe. The company’s MINI brand will soon be entirely electrified, and it may even have grandiose plans for totally electric, high-performance sports vehicles and motorcycles. In 2030, it is anticipated that there will be 127 million electric vehicles on the road worldwide.
BMW profits increase to EUR3.4 billion as the company focuses on more premium vehicles.
BMW outperformed expectations in the third quarter of 2021 thanks to a focus on more expensive and electric vehicles that allowed the German premium automaker to weather a global chip shortage.
According to BMW, profits before taxes increased to EUR3.4 billion (PS2.9 billion) between July and September, a 38% rise over 2020 and a 52% increase over 2019, before the coronavirus epidemic struck.
BMW moved production to higher-margin automobiles like the x7 sport utility vehicle, which helped it increase profits despite a 12% year-over-year fall in overall vehicle sales to 593,000. Revenues increased by 4.5% to EUR27 billion.
Automobile manufacturers have been adversely affected by the global shortages of semiconductors, which are used to build computer chips, as the demand for electronics has increased since the coronavirus’s first brief drop in supply. Automobile manufacturers are relying more and more on computer chips to manage everything from air conditioning to electric car batteries, but because they reduced orders in anticipation of fewer sales, they were left vulnerable when those sales increased.
BMW’s CEO Oliver Zipse claimed that the business was “overcoming challenging conditions,” such as the problem with semiconductor supplies and the lasting consequences of the coronavirus outbreak.
In addition, he noted that sales of electric and plug-in hybrid vehicles had increased by double between January and September. However, just 60,000 fully electric vehicle sales, or 3% of all deliveries, occurred during that time. Unlike hybrids, fully electric vehicles do not emit carbon dioxide into the atmosphere.
In 2022, Zipse predicted that BMW would continue to sell a large number of electric vehicles. According to the manufacturer, demand for brand-new electric vehicles, such as the iX SUV and the i4 saloon, is still high.
In contrast to some of the challenges faced by other automakers, notably their suppliers, BMW was able to weather the shortages. Despite this, Zipse claimed that greater investment was needed in European semiconductor production given the dependence of the European auto sector on imports from nations like Taiwan and South Korea.
Due to the lack of semiconductors, Volkswagen, BMW’s German rival, reported declining profitability last week. Stellantis, a company created this year from the merging of Fiat and Peugeot, also reported declining revenues.
The head of Volkswagen’s premium brand, Audi, predicted that chip supply would remain constrained at least through the summer, while the company’s Skoda brand predicted a reduction in output of around 250,000 vehicles this year.
BMW Group posts historic results in 2021, more than tripling net earnings.
Photo taken on November 7, 2021, in Shanghai, east China, shows the BMW iX new energy vehicle on display at the Automobile Exhibition Area of the 4th China International Import Expo (CIIE). (Meng Tao/Xinhua)
The company’s largest single market, China, saw an 8.9% growth in overall car sales year over year.
BERLIN, Germany, March 10 (Xinhua) According to the German automaker, the BMW Group’s net profit more than tripled to a record 12.5 billion euros (13.8 billion dollars) in 2021.
As BMW achieved its goals for fiscal 2021, group revenues increased by 12.4% year over year to reach 111,239 million euros. Additionally, BMW has increased the electrification of its product line.
At its annual general meeting in May, the firm will increase the dividend, boosting the total amount of dividend payments made year from 1,253 million euros to 3,827 million euros.
The interior of BMW Brilliance Automotive’s (BBA) new Tiexi Plant in Shenyang, Liaoning Province, is shown in a photo shot on December 21, 2021. (Xinhua)
With the BMW brand reaching a new sales record of 2.2 million units, the BMW Group’s sales—which also include the brands Rolls Royce and MINI—rose by 8.4% to more than 2.52 million units in 2021.
The company’s largest single market, China, saw an 8.9% growth in overall car sales year over year. The company set a new sales record in the nation for the second year in a row with the delivery of 846,237 BMW and MINI vehicles.
BMW strengthened its collaboration in the nation in February of this year by increasing its ownership stake in its joint venture with Brilliance China Automotive Holdings Ltd. (CBA) from 50% to 75%. 1 euro is equal to 1.10 dollars.
In Shenyang, the provincial capital of Liaoning Province in northeast China, on February 17, 2020, a man works at the Tiexi Plant of BMW Brilliance Automotive (BBA). 2020-12-30 (Xinhua/Pan Yulong) TO GO WITH XINHUA HEADLINES #
How much money are BMW automobiles worth?
According to an Autonews article, BMW made about $5,000 per vehicle in profit in 2016. Porsche earns the most money per car among the high-end German brands, $17,250. In 2016, BMW and Daimler AG (Mercedes) had roughly equal profit per vehicle.
What is Mercedes’ annual revenue?
In the fiscal year 2021, the Mercedes-Benz Group’s revenue climbed by 9%. In comparison to roughly 121.8 billion euros in 2020, the corporation reported revenue of little under 133.9 billion euros as of 2021. After separating from Daimler Truck in December 2021, the German multinational automaker formerly known as Daimler AG became the Mercedes-Benz Group.