BMW Group achieves record profits in 2017

Despite not being one of the automobile groups with the highest number of sales recorded in a financial year, BMW Group shows year after year annual accounts de record. During these days, the Bavarian consortium has publicly presented the balance relative to the past year 2017, and as they have communicated, not only have their sales increased compared to 2016 by a 4,2 percent, but its profitability continues to grow.

During the past year, BMW Group (which groups the brands Mini, BMW, vehicle division electrical "i" y Rolls-Royce) sold a total of 2.463.526 units worldwide. Within the group, the models that have had the best behavior have been the series 1 with an increase of 14,7 percent, the range of all paths «X» with a 9,6 percent growth, the renewed series 5 with a rise of 6,3 percent and finally, the Mini Countryman with an exponential 30 percent.

With everything BMW Group has presented earnings, before taxes, higher than the 10 one billion euros (10.665 million) thanks to a profitability per unit sold that is between 8 and 10 percent (one of the highest in the sector). The result of exploitation total has been in the 98.678 millones de euros, to which taxes, expenses, investments and other obligations should be subtracted.

In any case, the Bavarian consortium has managed to end the year not only with black numbers, but also reserves in its hat a liquidity of 14,5 billion euros. Part of this money will be used, as specified by the Chairman of the Board of Directors, Dr. Harald Krüger, for the development of up to 20 new models, or revised, and the increase in the range of models of the electric family «i».

As stated Kruger

«Our future is definitely electric» […] «With our electric vehicles and plug-in hybrid models, we are already the clear number one in Europe»

"We are using scalable modular kits for electrification. Starting in 2020, we will be able to fit all model series with any type of transmission.”

The first wave of electric products in the BMW Group will arrive in 2019 with the arrival of the first mini electric and in 2020 with him all the way iX3. Be that as it may, we are not surprised that the numbers of the Bavarian group are so good, as they are great strategists and know very well the terrain they tread.

Source – BMW Group