Mexican Media Brands
BMW Reports Record Sales, Revenue
BMW AG reports record-high unit sales, revenue and pretax profits in 2015. Net profit jumped 10% to a record €6.4 billion ($7 billion).
#economics
Share
BMW AG reports record-high unit sales, revenue and pretax profits in 2015. Net profit jumped 10% to a record €6.4 billion ($7 billion).
The group’s revenue, aided by favorable exchange rates, rose 15% to €92.2 billion ($101 billion) last year. Unit sales grew 6% to 2.25 million passenger vehicles. Pretax profit climbed 6% to €9.2 billion ($10.1 billion).
BMW’s automotive operations saw revenue rise 14% to €85.5 billion ($93.6 billion) last year. Pretax profit advanced 9% to a record €7.5 billion ($8.2 billion).
Demand for BMW brand cars and crossovers rose 5% to 1.91 million units in 2015. Mini sales grew 12% to a record 338,500 cars. Rolls-Royce deliveries fell 7% to 3,800 cars, its second-highest volume ever.
The company predicts a “slight” increase in group sales in 2016 in spite of continued volatility in the the global political and economic environment.
RELATED CONTENT
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future