BMW Ag. expects the launch of new models like the 1 Series compact should power further growth this year, when it plans to achieve new record earnings.
“We intend to further improve our Group earnings in the current year”, stated Norbert Reithofer, Chairman of the Board of Management of BMW AG on Tuesday in Munich.
Sales volume is expected to rise to well over 1.5 million units, a new all-time high, with the BMW, MINI and Rolls-Royce brands all achieving new sales volume records“, he added.
The company achieved new records for revenues and group profit in 2010. Revenues climbed by 19.3% to euro 60,477 million (2009: euro 50,681 million). The profit before tax (EBIT) rose steeply to euro 4,836 million (2009: euro 413 million). The Group reports a profit before financial result (EBIT) of euro 5,094 million (2009: euro 289 million) and a record net profit for the year of euro 3,234 million (2009: euro 210 million).
In terms of sales volumes, the BMW Group registered the second-best ever performance in its history with the total number of BMW, MINI and Rolls-Royce brand vehicles delivered to customers rising by 13.6% to 1,461,166 units (2009: 1,286,310 units). As a result, the BMW Group easily achieved its target of raising sales volume for the full year 2010 to over 1.4 million units.