+++ BMW brand achieves sales growth of 2.3% in HY1 –double-digit growth for models in upper price segment +++ BMW BEV deliveries climb 34% to over 179,500 units in first half-year +++ Profitability targets exceeded: Group EBT margin of 10.9% for HY1 +++ Automotive EBIT margin at 8.6% in HY1 +++ Financial Services: New business posts significant growth +++ Zipse: “Delivering high profitability in target corridor for past ten quarters” +++ Outlook for 2024 confirmed +++
Munich. In a challenging environment, the BMW Group proves its high resilience and can confirm its full year guidance, after six months of 2024: Thanks to its extensive range of attractive products, with deliveries on a par with the previous year, the company posted an automotive EBIT Margin at 8.6% (Q2: 8.4%) in the first half of the year. Excluding depreciation from purchase price allocation related to BBA, the BMW Group posted an EBIT margin in the Automotive Segment of 9.6% (Q2: 9.4%). With a consistently high level of investment, the BMW Group also continues to strengthen its innovative power and enhance its future model line-up.
The sales success of the first half-year was largely driven by fully-electric vehicles (BEVs) and higher-priced BMW and BMW M models, which both saw double-digit growth. The BMW, MINI and Rolls-Royce brands reported a 24.6% increase in BEV deliveries to 190,614 fully electric vehicles. The BMW brand is in third place worldwide, with almost 180,000 BEVs delivered. In total, the company delivered 1,213,276 vehicles to customers across all BMW Group brands between January and June, thus reaching the same high level as the previous year (2023: -0.1%; Q2: 618,743 units; -1.3%).