Bayerische Motoren Werke AG
BMW
ISIN DE0005190003 / Valor 324410
Bayerische Motoren Werke AG
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About company
Bayerische Motoren Werke AG (BMW Group) is a prominent global entity in the automotive industry, renowned for its premium vehicles and motorcycles under the BMW, MINI, Rolls-Royce, and BMW Motorrad brands. The company has demonstrated a strong commitment to electromobility, with a significant increase in the delivery of fully-electric vehicles, marking a 27.9% year-on-year growth. This surge is attributed to a well-balanced performance across all major global regions. In 2023, BMW Group reported the delivery of 2,554,183 premium vehicles, achieving a 6.4% increase compared to the previous year and securing a 3.3% market share. This growth underscores the company's ability to maintain profitable expansion and reinforce its leadership in the global premium segment amidst volatile market conditions and intense competition. BMW Group operates over 30 production sites worldwide and maintains a comprehensive global sales network, further solidifying its position as a leading manufacturer of premium cars and motorcycles, as well as a provider of premium financial and mobility services. The company's focus on sustainability and resource conservation is integral to its product development and corporate strategy, aiming to meet the evolving needs of its customers.
Summarized from source with an LLMView SourceSector: Consumer CyclicalsLatest Results (07.08.2024):
Revenue Performance
In the second quarter of 2024, Bayerische Motoren Werke AG (BMW Group) reported group revenues of €36,944 million, which is a slight decrease of 0.7% compared to the same period in 2023. For the first half of 2024, the group revenues totaled €73,558 million, showing a marginal decline of 0.7% from the previous year's €74,072 million.
Automotive Segment Deliveries
BMW Group's automotive segment saw a slight decrease in deliveries for the second quarter of 2024, with 618,743 units delivered compared to 626,726 units in the same quarter of 2023, marking a 1.3% decline. For the first half of 2024, deliveries were nearly stable at 1,213,276 units, just 0.1% lower than the 1,214,864 units delivered in the first half of 2023.
Profit Before Tax
For the second quarter of 2024, BMW Group's profit before tax was €3,861 million, an 8.6% decrease from €4,222 million in the second quarter of 2023. The first half of 2024 saw a profit before tax of €8,023 million, down 14.2% from €9,351 million in the same period of the previous year.
Earnings Per Share
BMW Group's earnings per share of common stock for the second quarter of 2024 were €4.15, a 5.5% decrease from €4.39 in the second quarter of 2023. For the first half of 2024, earnings per share were €8.57, down 11.6% from €9.70 in the first half of 2023.
Financial Services Segment
The Financial Services segment of BMW Group recorded a significant increase in new credit financing and leasing contracts in the first half of 2024, with 849,908 new contracts, up 16.5% from 729,308 contracts in the first half of 2023. However, the segment's profit before tax decreased by 13.1% to €1,481 million in the first half of 2024, compared to €1,704 million in the same period of the previous year.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
48499 M
Market cap (USD)
1,067,998
Daily traded volume (Shares)
80.04 / 78.24
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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Est dividend (USD)
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Ratings & reviews
John Doe
Simon Oswald
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