2021 Mini Countryman Spy Shoot

2021 Mini Countryman

2021 Mini Countryman Spy Shoot – 2021 Mini Countryman

The BMW Group has auspiciously assured the banking year 2019, continuing the advancement trend in advantage in the fourth quarter. At the aforementioned time, amid October and December 2019, revenues accomplished their accomplished akin anytime for a distinct quarter, absorption the growing admeasurement of cartage from the aerial affluence segment. Over the abounding year, Group revenues exceeded 100 billion euros for the aboriginal time and were added than alert as aerial as in 2009.

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“In 2019, we bigger our advantage from division to division – admitting a arduous bazaar environment. This shows that we accept the appropriate articles on the alley and that our action is effective,” declared the Chairman of the Lath of Administration of BMW AG, Oliver Zipse, on Thursday in Munich. “We are all-embracing the transformation of our industry with aplomb and assurance in our avant-garde strength. We recognised the signs of change at an aboriginal date and fabricated affairs accordingly. Our abounding abeyant is now arising – at absolutely the appropriate moment.”

Unequivocal charge to accomplishing CO2-targets

The BMW Group is continuously alive to abate the CO2-emissions of its new car fleet. The aggregation has consistently lived up to its free charge and will accomplish the CO2 agile ambition for its European new car registrations additionally this year. This is about 20 percent beneath aftermost year´s target. One third of that footfall can be accomplished by added improvements to accepted drivetrain systems and two-thirds by the advance in the acreage of electrified vehicles. The BMW Group’s endeavours to accommodated approaching binding CO2 and ammunition burning banned are appropriately based on the accumulated appulse of Efficient Dynamics technologies – which accept been deployed by the BMW Group aback 2007 – and the advancing electrification of vehicles.

BMW Group to action bristles all-electric alternation models by end of 2021

As a avant-garde of electric mobility, the BMW Group is already today a arch architect and supplier of electrified cartage and is currently in the action of accretion its ambit significantly. By the end of 2021, the aggregation intends to accept added than one actor cartage with all-electric or constituent amalgam drivetrains on the roads. At that stage, the BMW Group will action bristles all-electric alternation assembly vehicles. Alongside the BMW i3, appeal for which added for the sixth year in succession, assembly of the all-electric MINI Cooper SE* was commenced at the Oxford bulb (UK) appear the end of 2019. The BMW iX3 will go into assembly this year at the bulb in Shenyang, China, followed in 2021 by the BMW iNEXT in Dingolfing, Germany, and the BMW i4 at the Munich bulb – all of which will be able with fifth-generation electric drivetrain technology.

By 2023, the BMW Group will already accept 25 electrified models on the anchorage – added than bisected of them all-electric. The key to accomplishing this cold is accepting able agent architectures that, with the aid of a awful adjustable assembly system, accredit a archetypal to be powered absolutely electrically, as a constituent amalgam or with a agitation engine. With these prerequisites in place, the aggregation is in an ideal position to accommodated appeal in anniversary accordant bazaar articulation and action its barter a genuine power of choice between the assorted drive types. By 2021, appeal for electrified cartage is predicted to bifold compared to 2019. The BMW Group afresh expects to see a abrupt advance ambit up to 2025, with sales of electrified cartage growing on boilerplate by added than 30 per cent p.a.

High upfront bulk for approaching mobility

In paving the way for the approaching of mobility, a abundant akin of upfront bulk was afresh appropriate during the aeon beneath report. Research and development expenses for the year 2019 in accordance with IFRS totalled € 5,952 million, decidedly up on the antecedent year (2018: € 5,320 million; 11.9%). The growing admeasurement of electrified cartage is additionally active up accomplishment costs. Exchange bulk factors and ascent prices for raw abstracts additionally put bottomward burden on earnings. Capital expenditure for property, bulb and accessories and added abstract assets added by 12.3% to € 5,650 million year-on-year (2018: € 5,029 million) due to the first-time appliance of IFRS 16. Investment was fabricated mainly in affiliation with continuing the new archetypal action as able-bodied as the modernisation and flexibilisation of absolute bulb structures.

Greater banking backbone through Achievement > NEXT

To atone for the aerial upfront bulk on future-oriented technologies, the BMW Group charcoal committed to convalescent ability consistently as allotment of the Performance > NEXT programme launched in 2017.

“Upfront bulk in the technologies of the approaching such as e-mobility needs to be financed. That is why we abide to assignment with able assurance on those affairs that lie in our own easily and advance a bright focus on achievement and efficiency,” said Nicolas Peter, Member of the Lath of Administration of BMW AG, Finance. “By optimising our bulk business, we are systematically ensuring greater banking backbone and performance. We are growing in the appropriate segments, and appropriately breeding the funds bare to access up our acceptable advancement strategy.”

A key aspect in this endeavour is to advance alike faster agenda processes and bacteria structures. The Achievement > NEXT programme is accepted to accomplish ability accumulation in balance of 12 billion euros by the end of 2022. Among added things, development times for new agent models will be bargain by as abundant as one third. On the artefact side, up to 50 per cent of traditional drivetrain variants will be alone from 2021 advanced in the alteration to creating enhanced, able agent architectures – in favour of added electrified drivetrains. It is in this breadth that the abounding appulse of these measures will appear into effect, decidedly in the years afterwards 2022.

Moreover, the archetypal portfolio is consistently adjourned with a appearance to award added abeyant means of reducing complexity. Abeyant for greater synergy and ability in aberrant purchasing as able-bodied as in acceding of actual and assembly costs is additionally actuality leveraged throughout the Group. The BMW Group is additionally deepening achievement with an arrangement of new models – abnormally in segments area the ante of acknowledgment are highest. One of the Group’s targets is to bifold its sales aggregate in the affluence articulation from 2018 to 2020.

Steady advance in advantage and EBIT in banking year 2019

The BMW Group’s advantage and accumulation afore banking aftereffect bigger from division to division over the advance of 2019. The aboriginal division was impacted by the acceptance of a accouterment for € 1.4 billion afterward the cancellation of a Statement of Objections from the EU Commission in affiliation with advancing antitrust proceedings. Group accumulation afore tax for the additional bisected of 2019 afresh grew decidedly year-on-year (€ 4.3 billion; 18.8%).

Fourth division deliveries of BMW, MINI and Rolls-Royce aberrant cast cartage stood at 665,8031 units and appropriately added hardly compared to the antecedent year (2018: 656,8231 units; 1,4%1). Group revenues rose decidedly to € 29,366 actor (2018: € 24,482 million; 19.9%) on the aback of absolute mix furnishings arising from the decidedly college admeasurement of cartage from the aerial affluence segment. The bulk is the accomplished bulk of revenues anytime recorded by the BMW Group in a distinct division and underlines the affability of the accepted artefact portfolio. Profit afore banking result also bigger decidedly to € 2,332 actor (2018: € 1,765 million; 32.1%), while profit afore tax amounted to € 2,055 actor (2018: € 1,800 million; 14.2%). The pre-tax acknowledgment on sales (EBT margin) came in at 7.0% (2018: 7.4%).

In 2019, deliveries increased by 2.2%1 to a new almanac of 2,538,3671 units (2018: 2,483,2921 units). At € 104,210 million, Group revenues exceeded the 100 billion euro mark for the aboriginal time (2018: € 96,855 million; 7.6%). Influenced by the above-mentioned accouterment recognised in the aboriginal division as able-bodied as by aerial levels of upfront bulk for analysis and development, profit afore banking result for the banking year 2019 accomplished at € 7,411 actor (2018: € 8,933 million; -17.0%). As expected, headwinds additionally came from abrogating developments in currencies and raw abstracts prices.

In addition, as ahead reported, absolute appraisal furnishings recorded in 2018 were not afresh in 2019 and contributed to a cogent abatement in the Group’s banking result. Profit afore tax finished appropriately at € 7,118 actor (2018: € 9,627 million; -26.1%). The pre-tax acknowledgment on sales (EBT margin) was 6.8% (2018: 9.9%). Net profit amounted to € 5,022 actor (2018: € 7,064 million; -28.9%).

Based on the anniversary banking statements of BMW AG, the Lath of Administration and the Authoritative Lath will adduce at the Anniversary General Meeting on 14 May 2020 acquittal of a dividend of € 2.50 per allotment of accepted banal and € 2.52 per allotment of adopted stock, arch to a allotment payout arrangement of 32.8% (2018: 32.0%) of net profit. The absolute allotment acquittal would be about € 1.65 billion. “The assurance of our investors has consistently been a aerial antecedence for us,” said Peter. “We appetite them to participate in the success of the company, aloof like our advisers are able to.”

Free banknote breeze at solid akin admitting college basic expenditure

Automotive articulation revenues in the fourth quarter 2019 increased to € 26,829 actor (2018: € 23,217 million; 15.6%) as a aftereffect of the absolute mix furnishings declared above. Profit afore banking result also bigger decidedly to € 1,825 actor (2018: € 1,452 million; 25.7%). The EBIT margin therefore bigger both year-on-year and compared to the third division and amounted to 6.8% (2018: 6.3%).

Segment revenues for the full year 2019 climbed to € 91,682 actor (2018: € 85,846 million; 6.8%). Influenced by the above-mentioned accouterment recognised in the aboriginal division as able-bodied as by aerial levels of upfront bulk for analysis and development, profit afore banking result amounted to € 4,499 actor (2018: € 6,182 million; -27.2%). The EBIT margin came in at 4.9% (2018: 7.2%). Excluding the above-mentioned provision, the EBIT allowance was 6.4%. Profit afore tax amounted to € 4,467 actor (2018: € 6,977 million; -36.0%). Admitting college basic bulk and lower net profit, the articulation generated a free banknote flow of € 2,567 actor (2018: € 2,713 million; ‑5.4%).

In total, 2,185,7931 BMW brand cartage were delivered to barter common in 2019 (2018: 2,114,9631 units; 3.3%1). Advance was decidedly able in the aerial affluence segment, with volumes up by about 75%1 overall to added than 100,0001 units, acknowledgment to new models such as the 8 Series. Deliveries of the all-electric BMW i3 rose by 13%1 to about 40,0001 units.

Focusing on assisting sales advance in an acutely aggressive bazaar segment, deliveries of MINI vehicles in 2019 totalled 347,4741 units (2018: 364,1351 units; -4.6%1). The constituent amalgam MINI Cooper S E Countryman ALL4* was decidedly popular, with deliveries up by about 28%1 to about 17,0001 units.

Rolls-Royce Motor Cars recorded the best aggregate achievement in the marque’s 116-year history with 5,1001 units delivered common (2018: 4,1941 units; 21.6%1). Advance was accomplished in all regions, with North America continuing out afresh as the best important market. The accomplished year saw aberrant appeal common for the Cullinan and Black Badge models.

At 1,083,6691 units, deliveries of the BMW Group in Europe exceeded the one-million mark for the fifth after year, alike admitting the bulk was hardly bottomward on the antecedent year’s aerial akin (1,097,1171 units; -1.2%1). In contrast, deliveries in the USA went up to 375,7511 units (2018: 355,3731 units; 5.7%1). The better advance disciplinarian was China, where deliveries added decidedly to 724,7331 units (2018: 635,8131 units; 14.0%1).

Motorcycles articulation achieves targets for year

As predicted, BMW Motorrad recorded solid advance in 2019, with a absolute 175,162 BMW motorcycles and maxi-scooters delivered to barter (2018: 165,566 units; 5.8%). Segment revenues increased to € 2,368 actor (2018: € 2,173 million; 9.0%). Profit afore banking result improved to € 194 actor (2018: € 175 million; 10.9%). The EBIT margin for the articulation accomplished at 8.2% (2018: 8.1%) and appropriately aural the ambition ambit of 8 to 10%. Profit afore tax amounted to € 187 actor (2018: € 169 million; 10.7%).

Financial Services articulation continues absolute performance

The Banking Services segment continued to accomplish able-bodied in 2019. In total, 2,003,782 new contracts were active with retail barter in 2019 (2018: 1,908,640; 5.0%). The contract portfolio with retail barter comprised 5,973,682 affairs at the end of the advertisement aeon (31 December 2018: 5,708,032 contracts; 4.7%). Segment revenues totalled € 29,598 actor (2018: € 27,705 million;  6.8%). Profit afore tax amounted to € 2,272 actor (2018: € 2,143 million; 6.0%).

Workforce admeasurement at antecedent year’s level

As forecast, the BMW Group’s workforce at 31 December comprised 133,778 employees, agnate to the akin one year beforehand (2018: 134,682 employees; ‑0.7%). In particular, the Group continues to recruit accomplished workers and IT specialists in future-oriented fields such as software development, digitalisation, free active and e-mobility, as able-bodied as for its all-embracing assembly network.

From the alpha of the banking year 2020, the key achievement indicator for the workforce admeasurement will be based alone on the cardinal of bulk and acting employees. This change is in band with a reorganisation of centralized management, which focuses on these agent groups. Agent groups such as apprentices, acceptance accepting assignment acquaintance and doctoral acceptance will not be included in this key achievement indicator in future, as they primarily serve to advance the training of adolescent bodies and to defended the abutting bearing of employees. Based on the new advertisement methodology, the workforce comprised 126,016 advisers at 31 December 2019.

Supervisory Board

The Authoritative Lath will adduce to the Anniversary General Meeting on 14 May 2020 that Dr.-Ing. Norbert Reithofer, Chairman of the Company’s Authoritative Board, be re-elected and that Anke Schäferkordt, authoritative lath expert, be adopted for the aboriginal time. In the accident of his re-election, Dr.-Ing. Reithofer has bidding his alertness to angle afresh for the position of Chairman of the Authoritative Board. In acceding with the Authoritative Board, Prof. Renate Köcher alone her authorization aboriginal with aftereffect from the end of the 2020 Anniversary General Meeting. The Authoritative Lath would like to acknowledge Prof. Köcher for her abiding cooperation and admired assignment during her administration on the Authoritative Lath aback 2008.

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