Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  BMW AG    BMW   DE0005190003

BMW AG

(BMW)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 08/04 07:14:59 am
57.645 EUR   +2.55%
02:26aGERMANY'S CAR INDUSTRY SHOWS INITIAL SIGNS OF RECOVERY : Ifo
RE
02:01aGermany's car industry shows initial signs of recovery - Ifo
RE
08/03Russian dealer looks to zero customs tariff to lift Tesla sales
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

BMW : increases sales of electrified vehicles in first half-year, despite COVID-19

share with twitter share with LinkedIn share with facebook
07/07/2020 | 03:14am EDT

Munich. As expected, BMW Group sales figures for the first six months of this year were impacted by the effects of the temporary closure of retail outlets worldwide. The company delivered a total of 962,575 (-23.0%) premium BMW, MINI and Rolls-Royce vehicles to customers worldwide in the first half-year.

'We are following the development of global demand very closely and continue to plan for various scenarios so we can respond quickly as regions around the globe recover from the coronavirus pandemic at different speeds,' said Pieter Nota, member of the Board of Management of BMW AG responsible for Customer, Brands and Sales. 'We are seeing a positive development in China, where our second-quarter sales were once again higher than in the previous year,' underlined Nota. 'Demand for our electrified vehicles also outperformed the market trend in the first half of the year. Our wide range of plug-in hybrid models and the new fully-electric MINI are in high demand among our customers,' he added.

Vehicle deliveries in first half-year by brand

A total of 842,153 (-21.7%) BMW vehicles were delivered in the first six months of the current year. The MINI brand sold 118,862 (-31.1%) units during the same period.

In the first half of the year, a total of 61,652 (+3.4%) electrified BMW and MINI vehicles were handed over to customers.

Rolls-Royce Motor Cars reported sales of 1,560 (-37.6%) vehicles in the first half of the current year.

A total of 76,707 (‑17.7%) motorcycles were also sold between January and June.

Strategic decisions on future model line-up bearing fruit

The BMW Group began early with the systematic electrification of its vehicle portfolio. The BMW Group already offers plug-in hybrid models in all relevant vehicle segments and occupies a leading role in Germany and worldwide. Against this background, the company welcomes Germany's economic package and expects to benefit from this stimulus, especially through incentivisation of electrified vehicles. Production of the fully-electric BMW iX3 will begin in a few months. Next year, electrification of the model line-up continues with the fully-electric BMW i4 and the BMW iNEXT. The BMW Group aims to have a total of 25 electrified models on the roads by 2023 - more than half of them fully electric.

The BMW Group has also continued to refresh its model range and presented the new generation of its sporty two-door BMW 4 Series Coupé in the premium mid-size segment in late May. The new BMW 5 Series has also been on the market since June, with numerous design and technology innovations that underpin its leading position in the premium upper mid-size segment. THE 5 offers the largest selection of plug-in hybrids in the BMW portfolio, with five model variants.

The MINI brand's young electrified product line-up also had a positive impact on sales figures. In the first half of this year, a combined 8,587 units (+4.1%) of the plug-in hybrid MINI Cooper SE Countryman ALL4* and the fully-electric MINI Cooper SE* were sold.

BMW and MINI sales in key regions worldwide

Germany

The BMW Group's domestic market saw a positive trend in new orders - in particular, for electrified vehicles - at BMW, and especially MINI. A total of 116,255 BMW and MINI vehicles (-29.1%) were sold during the first six months; 10.8% of these were electrified.

Europe

In the Europe region, a total of 372,428 (-32.3%) BMW and MINI vehicles were delivered to customers between January and June of this year. With 40,734 BEVs and PHEVs sold, the percentage of electrified vehicles stood at 10.9%. With very limited exceptions, all retail outlets in the region had reopened by the end of the first half-year.

North America

The situation in the US remains mixed and varies from state to state. By mid-June, all retail outlets had reopened for the first time since early March. A total of 133,844 vehicles (‑30.6%) were delivered to customers in the first half of the year; of these, 121,657 (-29.6%) were BMW brand vehicles.

China

In China, sales for the first six months of the year totalled 329,069 vehicles (-6.0%). Sales in the second quarter were already 17.1% higher year-on-year. This continues the positive trend pointing to recovery in this market since March.

BMW Group sales in Q2 and YTD June 2020 at a glance

Q2 2020

Compared with previous year %

1st Half 2020

Compared with previous year %

BMW Group Automotive 1

485,701

-25.3%

962,575

-23.0%

BMW 1

430,397

-23.2%

842,153

-21.7%

MINI 1

54,597

-38.2%

118,862

-31.1%

BMW Group electrified*1

31,095

-4.9%

61,652

+3.4%

Rolls-Royce1

707

-46.8%

1,560

-37.6%

BMW Motorrad

41,933

-23.2%

76,707

-17.7%

*BEVs and PHEVs

BMW & MINI sales in the regions/markets

Q2 2020

Compared with previous year %

1st Half 2020

Compared with previous year %

Europe 1

151,869

-45.6%

372,428

-32.3%

  • Germany* 1

48,264

-46.0%

116,255

-29.1%

Asia 1

253,533

+7.5%

416,153

-8.1%

  • China 1

212,617

+17.1%

329,069

-6.0%

Americas 1

70,311

-41.1%

152,102

-30.5%

  • USA 1

56,245

-39.5%

120,937

-29.4%

*Provisional registration figures

1 In connection with a review of its sales and related reporting practices, BMW Group reviewed prior period retail vehicle delivery data and determined that certain vehicle deliveries were not reported in the correct periods. Further information can be found in the March 12th press release announcing BMW Group's financial results for 2019 and in BMW Group's 2019 Annual Report. As an update of the information given there, BMW Group has revised the data on vehicle deliveries retrospectively going back to 2015 in its sixteen most significant markets.

If you have any questions, please contact:

Corporate Communications

Christina Hepe, Corporate Communications

christina.hepe@bmw.de, Telephone: +49-89-382-38770

Eckhard Wannieck, head of Corporate and Culture Communications

eckhard.wannieck@bmw.de, Telephone: +49 89 382-24544

Media website: www.press.bmwgroup.com

Email: presse@bmwgroup.com

The BMW Group

With its four brands BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW Group is the world's leading premium manufacturer of automobiles and motorcycles and also provides premium financial and mobility services. The BMW Group production network comprises 31 production and assembly facilities in 15 countries; the company has a global sales network in more than 140 countries.

In 2019, the BMW Group sold over 2.5 million passenger vehicles and more than 175,000 motorcycles worldwide. The profit before tax in the financial year 2019 was € 7.118 billion on revenues amounting to € 104.210 billion. As of 31 December 2019, the BMW Group had a workforce of 126,016 employees.

The success of the BMW Group has always been based on long-term thinking and responsible action. The company has therefore established ecological and social sustainability throughout the value chain, comprehensive product responsibility and a clear commitment to conserving resources as an integral part of its strategy.

www.bmwgroup.com

Facebook: http://www.facebook.com/BMWGroup

Twitter: http://twitter.com/BMWGroup

YouTube: http://www.youtube.com/BMWGroupView

Instagram: https://www.instagram.com/bmwgroup

LinkedIn: https://www.linkedin.com/company/bmwgroup/

Disclaimer

BMW - Bayerische Motoren Werke AG published this content on 07 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 July 2020 07:13:02 UTC

share with twitter share with LinkedIn share with facebook
Latest news on BMW AG
02:26aGERMANY'S CAR INDUSTRY SHOWS INITIAL : Ifo
RE
02:01aGermany's car industry shows initial signs of recovery - Ifo
RE
08/03Russian dealer looks to zero customs tariff to lift Tesla sales
RE
08/03BAYERISCHE MOTOREN WERKE : BMW Motorrad model revision measures for the model ye..
AQ
08/03BAYERISCHE MOTOREN WERKE : Tough start for BMW DTM teams at Spa-Francorchamps.
AQ
08/03BMW : Modern BMW Group motor show presentation receives Red Dot Awards.
PU
07/31NEWS HIGHLIGHTS : Top Company News of the Day
DJ
07/31NEWS HIGHLIGHTS : Top Company News of the Day
DJ
07/31BMW AG : half-yearly earnings release
07/30BMW : Motorrad model revision measures for the model year 2021.
PU
More news
Financials
Sales 2020 93 357 M 110 B 110 B
Net income 2020 2 392 M 2 818 M 2 818 M
Net cash 2020 14 262 M 16 804 M 16 804 M
P/E ratio 2020 15,0x
Yield 2020 2,09%
Capitalization 36 368 M 42 716 M 42 852 M
EV / Sales 2020 0,24x
EV / Sales 2021 0,20x
Nbr of Employees 133 778
Free-Float 57,3%
Chart BMW AG
Duration : Period :
BMW AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BMW AG
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 66,56 €
Last Close Price 56,21 €
Spread / Highest target 113%
Spread / Average Target 18,4%
Spread / Lowest Target -38,3%
EPS Revisions
Managers
NameTitle
Oliver Zipse Chairman-Management Board
Norbert Reithofer Chairman-Supervisory Board
Nicolas Peter Chief Financial Officer
Susanne Klatten Independent Member-Supervisory Board
Manfred Schoch Deputy Chairman-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
BMW AG-23.15%42 716
TOYOTA MOTOR CORPORATION-17.94%164 931
VOLKSWAGEN AG-25.57%79 878
DAIMLER AG-20.88%49 081
HONDA MOTOR CO., LTD.-15.81%42 432
GENERAL MOTORS COMPANY-29.95%36 693