BMW hits new heights
- August 3, 2016
- Posted by: Simon Wait
- Category: Industry News
The BMW Group recorded its best ever quarterly sales volume and net profit figures between April and June.
Harald Krüger, Chairman of the Board of Management of BMW AG, said, ‘We sold more vehicles in the second quarter than ever before and achieved record earnings. We are growing profitably while simultaneously implementing our strategy step by step.
‘Sustainable profitability on this scale provides us with the financial headroom we need to pursue our work on future technologies such as electric mobility and automated driving. For me, there is no ‘either/or’ between the present and the future. The strength of today’s core business is the cornerstone for tomorrow’s success.’
Sales were driven by the group’s three premium brands, BMW, MINI and Rolls-Royce, which climbed by 5.7% to 605,534 units from 573,079 in 2015.
Meanwhile, second-quarter revenues rose by 4.5% to €25m from €23,9m in 2015.
These results confirm a best-ever six-month return for the German car manufacturer. Sales rose by 5.8% to reach a new high of 1,163,139 units, with group net profit jumping 10% to €3,590 million.
