BMW AG operating profit jumps 17% in third quarter 2014

Article by Christian A., on November 5, 2014

BMW AG logged a 17-percent jump in earnings before interest and tax (EBIT) in the third quarter of 2014 to EUR2.26 billion ($2.83 billion). The carmaker saw the profit margin at its automotive division grow to 9.4 percent of sales from 9 percent in the same period in 2013. BMW also posted a 4.5-percent surge in group revenues in the third quarter to EUR19.6 million, thanks to higher sales volume.

With the encouraging third-quarter results, BMW reiterated its full-year forecast of a "significant" increase in pretax profit. BMW chief executive Norbert Reithofer said in a statement that the carmaker managed to continue performing well both in the third quarter and in the first nine months of 2014 “within an increasingly challenging environment."

Group deliveries – including BMW, Mini and Rolls-Royce brands – jumped 6 percent in the third quarter to 509,669 units. The BMW brand saw its sales surge 7 percent, thanks to strong demand for X1, X4 and X5 SUVs.

The Mini brand, meanwhile, saw its sales stay flat at 75,633 units, although its full-year volume might return to the same level of last year as boosted by the new Mini 5-door. Rolls-Royce saw its global deliveries climb 8 percent to 891 units.

BMW also disclosed that it has sold 10,199 i3 electric cars by end of September. For the first nine months of 2014, BMW group deliveries surged 5.3 percent to 1.53 million cars. BMW saw new car sales improve in all regions --including Europe, Asia and the United States – despite seeing a 7.5-percent sales dive for the Mini brand in the January-September period.

BMW is expecting to top 2 million in sales this year. Arndt Ellinghorst, head of automotive research at Evercore ISI Autos, remarked that BMW continues to deliver “very strong earnings,” adding that the outlook for the rest of 2014 remains very encouraging.

Topics: bmw, profit

If you liked the article, share on:

Comments

Recommended

What can we expect from Mercedes-Benz for this year and the next? It seems all matters have been laid out with luxury carmaker’s vehicle lineup for 2017 and 2018. As...
by - September 19, 2017
It was in February when Ford revealed the new Fiesta ST, just before it made its official debut at the 2017 Geneva Motor Show in March. But it is not...
by - September 19, 2017
If you search for the word "grille" on the dictionary, what you will get is a definition that says "a grating forming a screen or barrier, or an ornamental one...
by - September 19, 2017
We recently heard that Italian automakers, Ferrari and Lamborghini, are not so keen on building an all-electric sports car just yet. On the contrary, Bentley has just confirmed that there...
by - September 17, 2017
Back in 2013, Nissan introduced the IDx Concept at the Tokyo Motor Show. When the audience first saw this, a lot of people got excited to see a lightweight sports...
by - September 17, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries