BMW sees group revenues climb 1.8%

BMW Group has reported increased sales volume, revenues and group earnings in the second quarter and the first half of 2014.

Group revenues increased in the second quarter by 1.8% to reach €19,905 million (2013: €19,552m) for this three-month period. Business benefited perceptibly from an increase in sales volume, with exchange rate factors damping the scale of the increase in revenues.

EBIT rose by 26.0% to €2,603m (2013: €2,066m) on the back of an improved model and regional mix. Group profit before tax (EBT) climbed 30.9% to a new high of € 2,660m (2013: €2,032m). The pre-tax return on sales was 13.4% (2013: 10.4%). Group net profit climbed by 27.2% to € 1,771m (2013: € 1,392m).

The total number of BMW, Mini and Rolls-Royce brand cars delivered to customers worldwide increased by 5.3% in the second quarter to a new record of 533,187 units for this three-month period (2013: 506,321 units).

Group revenues for the six-month period increased year-on-year by 2.8% to €38,140 million (2013: €37,098 million). Here too, exchange rate factors held back the scale of the increase. EBIT rose by 14.4% to €4,693 million (2013: €4,104 million) and profit before tax climbed 19.6% to €4,826 million (2013: €4,035 million). Group net profit increased by 19.6% to €3,233 million (2013: €2,704 million).

BMW Group sales volume increased 6.9% to 1,020,211 units in the first half of the year (2013: 954,521 units).