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    BMW   DE0005190003

BMW AG

(BMW)
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Real-time Estimate Tradegate  -  05/23 09:47:23 am EDT
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09:23aMARKETSCREENER'S WORLD PRESS REVIEW : May 23, 2022
06:27aBMW : Bernstein maintains a Buy rating
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04:45a100 YEARS OF THE BMW PLANT MUNICH : "This plant is our origin. And our future."
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VW sales hit 10-year low in 2021, BMW races ahead

01/12/2022 | 09:54am EDT
FILE PHOTO: A Volkswagen logo is seen as it launches its ID.6 and ID.6 CROZZ SUV at a world premiere ahead of the Shanghai Auto Show, in Shanghai

BERLIN (Reuters) - Volkswagen Group posted its lowest sales figures in 10 years in 2021 at 8.9 million deliveries, the carmaker said on Wednesday, and it said it expected supply chain conditions to remain volatile in the first half of this year.

By contrast, luxury carmaker BMW saw record deliveries of 2.21 million vehicles from the BMW brand, a success attributed in part to its ability to adapt to supply chain shortages.

The Volkswagen brand saw an 8.1% drop in sales to just under 4.9 million units, with the biggest fall in China at 14.8%, although battery-electric vehicle sales in the country quadrupled.

"Under unusually challenging circumstances, Volkswagen reached a satisfying sales result," sales and marketing chief Klaus Zellmer said. "However, the huge effects of chips on production were not able to be fully compensated."

BMW rival Daimler reported last Friday that Mercedes-Benz sales dropped 5% in 2021, losing its crown to BMW for the first time in five years as the premium carmaker with most vehicles sold worldwide.

Performance for the premium carmakers was weakest in Europe, with the BMW and Mini brands registering just 3.9% growth and Mercedes-Benz an 11.2% drop.

North America was a strong market for all three carmakers. Mercedes-Benz registered 0.4% growth in the United States and BMW 19.5%. Volkswagen saw 13% growth in the region.

Sales of hybrid or fully-electric vehicles rose across the industry, particularly in Europe, where they constituted between a fifth and a quarter of deliveries - but remained a small proportion of total global sales.

At the Volkswagen Group, for example, battery-electric vehicles constituted 5.1% of deliveries - double last year's figure, but a fraction of the carmaker's 2030 target of 50%.

(Reporting by Victoria Waldersee, Jan Schwartz; Editing by Miranda Murray, Jason Neely and Hugh Lawson)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BMW AG 0.59% 77.99 Delayed Quote.-12.48%
MERCEDES-BENZ GROUP AG 1.26% 64.12 Delayed Quote.-6.35%
ON SEMICONDUCTOR CORPORATION -0.57% 56.52 Delayed Quote.-16.87%
VOLKSWAGEN AG 1.87% 148.36 Delayed Quote.-17.92%
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Financials
Sales 2022 129 B 136 B 136 B
Net income 2022 14 085 M 14 859 M 14 859 M
Net cash 2022 23 871 M 25 183 M 25 183 M
P/E ratio 2022 3,65x
Yield 2022 8,69%
Capitalization 50 860 M 53 656 M 53 656 M
EV / Sales 2022 0,21x
EV / Sales 2023 0,18x
Nbr of Employees 118 909
Free-Float 57,5%
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Mean consensus OUTPERFORM
Number of Analysts 25
Last Close Price 77,45 €
Average target price 106,28 €
Spread / Average Target 37,2%
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Managers and Directors
Oliver Zipse Senior VP-Corporate Planning & Product Strategy
Nicolas Peter Group Leader-Corporate Finance
Norbert Reithofer Chairman-Supervisory Board
Susanne Klatten Independent Member-Supervisory Board
Manfred Schoch Chairman-General Works Council
Sector and Competitors
1st jan.Capi. (M$)
BMW AG-12.48%53 656
TOYOTA MOTOR CORPORATION-2.73%219 986
VOLKSWAGEN AG-17.92%89 205
MERCEDES-BENZ GROUP AG-6.35%71 443
GENERAL MOTORS COMPANY-39.62%51 622
FORD MOTOR COMPANY-39.82%50 247