Statement Oliver Zipse, Chairman of the Board of Management of BMW AG, Conference Call Quarterly Statement to 30 September 2024
+++ Looking ahead after extraordinary challenges in Q3. +++ Significant BEV growth, with a sales share of 19.1% in Q3. +++ BMW brand increases sales volume in Europe as of September: +7.6%, leading position expanded. +++ BMW sales and market share stable in the US. +++ Significant inventory reduction planned in Q4 – forecast auto free cash flow confirmed. +++ Zipse: “Securing short-term earnings and long-term success” +++
BMW Group Quarterly Statement to 30 September 2024
Strong YTD September growth bolstered by triple digit BEV growth year-on-year.
+++ BMW Group: Deliveries of fully-electric vehicles climb +19.1% in first nine months +++ BMW Group delivers total of 1,754,158 units worldwide in YTD September (-4.5%) – largely due to IBS delivery stops in Q3 and ongoing weak demand in China +++ BMW brand achieves strong sales growth in Europe, gains market share +++ MINI brand reports higher Q3 sales of fully-electric models +++
Triggers for guidance adjustment are delivery stops and technical actions linked to Integrated Braking System (IBS) +++ Technical actions impact over 1.5 million vehicles +++ Additional warranty costs in high three-digit million amount
Many years of experience, consistent advancement of processes and international knowledge transfer: BMW Group as a pioneer of the circular economy in automotive engineering. Halfway point success in the Car2Car research project: efficient recycling of steel, aluminium, copper, glass and plastics.
Statement Walter Mertl, Member of the Board of Management of BMW AG, Finance, Conference Call Half-Year Report to 30 June 2024
Statement Oliver Zipse, Chairman of the Board of Management of BMW AG, Conference Call Half-Year Report to 30 June 2024
BMW Group Half-Year Report to 30 June 2024
BMW brand achieves sales growth of 2.3% in HY1 –double-digit growth for models in upper price segment ++ BMW BEV deliveries climb 34% to over 179,500 units in first half-year ++ Profitability targets exceeded: Group EBT margin of 10.9% for HY1 ++ Automotive EBIT margin at 8.6% in HY1 ++ Financial Services: New business posts significant growth ++ Zipse: “Delivering high profitability in target corridor for past ten quarters” ++ Outlook for 2024 confirmed
Record-breaking results powered by strong BEV growth.
+++ Deliveries of fully-electric BMW vehicles grow by +34.1% in the first half of the year +++ Sales of BMW brand up +2.3% globally +++ Worldwide deliveries by the BMW Group totaled 1,213,359 units +++ Sales growth in Europe and North America +++
+++ Unique and exotic car design +++ Combination of aesthetics and dynamics at the highest level +++ References to historic BMW Z8 and BMW 503 +++
+++ The internationally renowned artist’s project transforms the BMW M Hybrid V8 race car into a performative work of art +++ Mehretu's BMW Art Car will compete in the 24 Hours of Le Mans endurance race next month +++ Pan-African workshops to extend the cooperation between BMW and the artist through 2026 +++
Statement Oliver Zipse AGM 2024
+++ Cultural diversity is part of everyday life at the BMW Group +++ Activities to mark World Day for Cultural Diversity on 21 May and German Diversity Day on 28 May +++
Statement Oliver Zipse, Chairman of the Board of Management of BMW AG, Conference Call Quarterly Statement to 31 March 2024
Statement Walter Mertl Member of the Board of Management of BMW AG, Finance, Conference Call Quarterly Statement to 31 March 2024
BMW Group Quarterly Statement to 31 March 2024
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