MUNICH: German luxury automobile manufacturer BMW Group has posted 2.2 percent growth in its revenues for the year 2016 and stood at €94,163 million, informed the automaker in an official statement.
All three operating segments – Automotive, Motorcycles and Financial Services – achieved record pre-tax earnings in 2016, making an all-round contribution to earnings growth. Group net profit rose by 8 percent year on year to € 6,910 million.
“2016 was the first step in the NEXT 100 YEARS of the BMW Group. We have turned our centenary year into the most successful 12-month period in our corporate history and posted new record levels in terms of revenues and earnings for the seventh year in a row,” stated Harald Krüger, Chairman of the Board of Management of BMW in Munich on Thursday.
Automotive sales volume climbed by 5.3 percent to a new record level of 2,367,603 units (2015: 2,247,485 units) in 2016. Sales of electrified vehicles almost doubled to over 62,000 units in 2016 and the BMW Group aims to sell a total of 100,000 electrified vehicles for the first time in a single year in 2017.
Automotive segment revenues edged up by 1.0 percent to € 86,424 million.
In 2016, more than two million BMW brand vehicles were sold for the first time within a single year. Deliveries to customers were up 5.2 percent at 2,003,359 units (2015: 1,905,234 units).
2016 was the first full year for the MINI since the brand’s new strategy was adopted. With 360,233 (2015: 338.466) units sold and year-on-year growth of 6.4 percent, the MINI recorded the best sales volume figures in its history, with the MINI Clubman and the new MINI Convertible proving to be the biggest growth drivers.
2016 was also a record-breaking year for the Motorcycles segment. The number of motorcycles and maxi-scooters delivered to customers rose by 5.9 percent to 145,032 units (2015: 136,963 units) – the sixth sales-volume record in succession. BMW Motorrad’s five largest markets were Germany, the USA, France, Italy and Spain.
The upward trend in worldwide sales volume is forecast to continue in 2017, powered by the BMW Group’s model range, which will be rejuvenated during the current year with various new vehicles, including the new BMW 5 Series and the MINI Countryman.
