Bayerische Motoren Werke AG

BMW3

Equity

ISIN DE0005190037 / Valor 324412

Xetra (2024-09-18)

EUR 70.45+1.95%

Bayerische Motoren Werke AG
UMushroom community rating:

4.00 1 votes No rating yet

NegativeNeutralPositive

About company

Bayerische Motoren Werke AG, commonly known as the BMW Group, is a leading provider of premium cars and motorcycles, home to brands such as BMW, MINI, Rolls-Royce, and BMW Motorrad. The company focuses on tailoring its vehicles and products to meet the needs of customers while emphasizing sustainability and resource conservation. With over 30 production sites worldwide and a global sales network, the BMW Group is the world's leading manufacturer of premium cars and motorcycles, as well as a provider of premium financial and mobility services. In the most recent financial year, the company achieved its business objectives, maintaining profitable growth and defending its leading position in the global premium segment by delivering a record number of vehicles to customers. Through a diverse portfolio of products and services, the BMW Group ensures transparency and compliance by regularly publishing reports and key performance indicators for stakeholders to stay informed about the organization's activities.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

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's revenues totaled €73,558 million, showing a marginal decline of 0.7% from the previous year's €74,072 million.

Profit Before Tax

Bayerische Motoren Werke AG's profit before tax for the second quarter of 2024 was €3,861 million, down by 8.6% from €4,222 million in the second quarter of 2023. For the first half of 2024, the profit before tax stood at €8,023 million, reflecting a 14.2% decrease from €9,351 million in the same period of the previous year.

Automotive Segment Deliveries

In the first half of 2024, BMW Group's automotive segment delivered 1,213,276 units, nearly unchanged from the 1,214,864 units delivered in the first half of 2023. The second quarter saw deliveries of 618,743 units, a slight decline of 1.3% compared to 626,726 units in the second quarter of 2023.

All-Electric Vehicle Growth

The share of all-electric cars in BMW Group's deliveries increased significantly. In the first half of 2024, all-electric vehicles accounted for 15.7% of total deliveries, up from 12.6% in the same period of 2023. The number of all-electric vehicles delivered rose by 24.6% year-over-year.

EBIT Margin

The EBIT margin for Bayerische Motoren Werke AG's automotive segment in the first half of 2024 was 8.6%, down from 10.6% in the first half of 2023. The second quarter EBIT margin was 8.4%, compared to 9.2% in the same quarter of the previous year, reflecting the impact of increased manufacturing and fixed costs.

Summarized from source with an LLMView Source

Key figures

-21.0%1Y

10.5%3Y

35.5%5Y

Performance

25.1%1Y

28.4%3Y

31.9%5Y

Volatility