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HomeNewsBusiness Performance In 2022 Is Strong, Supporting BMW Group Objectives

Business Performance In 2022 Is Strong, Supporting BMW Group Objectives

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The BMW Group produced a great operating performance in a challenging business climate by reaching its targets for 2022 as anticipated. The premium manufacturer saw considerable year-over-year growth in both Group EBT (€ 23,509 million/ +46.4%) and net profit (€ 18,582 million/ +49.1%).

The BMW Group continues to be successful in 2022. It holds the top spot in the premium segment globally and increases electric sales.

We were able to more than increase our sales of fully electric automobiles again in 2022 thanks to our excellent family of products, according to Pieter Nota, member of the BMW AG Board of Management responsible for Customers, Brands, and Sales. Given the continued high order inflow of our fully-electric cars, Nota continued, “We are optimistic we can expand on this success in 2023.

In 2022, the BMW Group will dramatically speed up the adoption of electric vehicles once further. As initially disclosed, the BMW Group delivered 215,755 completely electric BMW and MINI cars to consumers, well over doubling its BEV sales from 2021 (+107.7%). As the BMW Group delivered its 500,000th fully electric car to its current buyer towards the conclusion of last year, a significant milestone was achieved.

Munich. The BMW Group produced great operating efficiency in a challenging business climate by reaching its targets for 2022 as anticipated. The premium manufacturer saw considerable year-over-year growth in both Group EBT (€ 23,509 million/ +46.4%) and net profit (€ 18,582 million/ +49.1%). The full integration of the Chinese partnership, BMW Brilliance Automotive Ltd., as well as enhanced pricing and favorable product-mix effects are responsible for this encouraging progress (BBA). Additionally, on February 11, 2022, the latter contributed a sizeable sum of cash (€5,011 million) to the Automotive Segment’s much larger free cash flow of €11,071 million.

Increasing sales of completely electric vehicles, which increased by 107.7% in 2022 and amounted to 9% of deliveries that year, contributed to further reducing the EU’s new vehicle fleet’s CO2 emissions value. According to estimates, this amount equaled 105.0 grams of CO2 per kilometer (WLTP). This is a decrease of (-)9.4%, exceeding both the applicable emissions reduction target and the value for the prior year by 22.5 g/km (prev. yr.: 115.9 g/km). The BMW Group is pushing forward with electrifying its product line and hopes to increase the proportion of fully electric car sales to 15% this year.

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“There are two essential components to our achievement in 2022: a committed and driven collective effort by our full working population worldwide – and compelling products that offer us the best answer to a relentlessly difficult environment,” said Oliver Zipse, Chairman of the Board of Management of BMW AG, on Thursday in Munich. It demonstrates that individuals who approach the shift with bravery and constancy while maintaining a high degree of flexibility can produce reliable performance, even under tumultuous circumstances. As we guide the business farther down the route to success, we’ll stay on this BMW course in the future.

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