Pricing effects and model mix boost BMW to record profit in 2021

BMW has posted a robust set of money effects for 2021, such as new documents for revenue revenues, earnings and web income.

Deliveries were up 8.4%, to 2,521,514 models, of which 13% had been electrified autos (328,314 models/ +70.4% YOY).

Group net revenue achieved a new all-time high of € 12,463 million (prev. yr.: € 3,857 million/ +223.1%).

Team revenues climbed to € 111,239 million (prev. yr.: € 98,990 million/ +12.4%). With a bigger share of high-earnings vehicles, the BMW Group benefited from beneficial product-combine effects and enhanced pricing – equally for the sale of new cars and the resale of end-of-lease motor vehicles.

Reduced yr-on-calendar year employee figures and modernisation of the pension plan for employees in Germany resulted in a reduce expense of profits in the significant 3-digit million euro selection. Nevertheless, this was partly offset by bigger charges for overall performance-centered remuneration in the expense of gross sales. Even more headwinds resulted from increased uncooked substance selling prices.

The fourth quarter was hit by constrained income due to semiconductor provide bottlenecks, as properly as increasing energy and uncooked materials selling prices. In the Automotive Segment in Q4, the EBIT of € 1,925 million (prev. yr.: € 2,010 million/ -4.2%) was down a little bit calendar year-on-12 months, effectively because of to the decreased gross sales volume, BMW claimed.

“The previous yr offers crystal clear evidence that thriving transformation bears fruit. The potent earnings we obtained in financial yr 2021 are the consequence of our reliable approach – with the suitable goods at the ideal time,” claimed BMW AG CEO Oliver Zipse.

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