Bayerische Motoren Werke AG

BMW

Equity

ISIN DE0005190003 / Valor 324410

Xetra (2026-07-27)

EUR 57.48+0.91%

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 Cyclicals

Key headline figures (Q2 / H1 2025)

Q2 Group revenue €33,927m (‑8.2%); Group EBT €2,614m (‑32.3%); Group net profit Q2 €1,842m (‑31.9%). H1 revenue €67,685m (‑8.0%); H1 EBT €5,727m (‑28.6%); H1 net profit €4,015m (‑29.0%). EPS common Q2 €2.85, H1 €6.23 (both down ~31% / 27%).

Automotive segment

Deliveries Q2 621,477 (+0.4% y/y); H1 1,207,594 (‑0.5%). Automotive revenues Q2 €29,443m (‑8.2%); Automotive EBIT Q2 €1,602m (‑40.3%) and EBIT margin Q2 5.4% (H1 margin 6.2%, within the 5–7% 2025 guidance range). Higher customs/anti‑subsidy tariffs and weaker China retail pricing weighed on margins.

Electric vehicles and model performance

Electrified vehicles (BEV + PHEV) accounted for 26.4% of H1 deliveries; BEV share H1 18.3% (220,583 BEVs in H1, +15.7% y/y). MINI BEV adoption strong (MINI BEV share ~34.3% H1) and BMW M recorded its best first half ever (105,962 units).

Financial Services

Financial Services H1 revenues €20,104m (+4.3%); H1 EBIT €1,243m (‑13.6%); H1 EBT €1,192m (‑19.5%). Portfolio of financed/leased vehicles ≈4.83m. New business volume H1 €31,893m (~flat y/y); leasing share in new business rose (leasing up, credit finance down, notably in China).

Cash flow & liquidity

Automotive / Group free cash flow H1 €2,345m (+2.4% y/y). Group liquidity remained high at approx. €19.1bn as of 30 June 2025. Capex and R&D investments continue, with capitalisation rate increasing (36.9% at H1) and R&D expenses modestly below prior year.

Capital actions and corporate

Board confirmed a third share buyback programme (up to €2.0bn) and executed a first tranche (repurchases reported in period). Prior buyback shares were redeemed and share capital was reduced as disclosed in the report.

Outlook

The BMW Group states it is on track to meet full‑year 2025 targets despite H1 headwinds, citing strong market positions in Europe and the Americas, continued electrification momentum, and a market‑focused product strategy. Summarized from source with an LLMView Source

Key figures

-35.4%1Y

-47.7%3Y

-31.5%5Y

Performance

29.4%1Y

28.6%3Y

28.8%5Y

Volatility