UK Leasing

Preliminary Key Financial Performance Figures of BMW AG for the first quarter 2021 exceed market expectations








19.04.2021: Ad-hoc announcement

BMW AG reports sales growth in all significant regions of the world, in particular in China, and all brands in the first quarter of 2021. In addition, positive price and mix effects, as well as high demand for pre-owned cars, also l


Ad-hoc announcement

 

BMW AG reports sales growth in all significant regions of the world, in particular in China, and all brands in the first quarter of 2021. In addition, positive price and mix effects, as well as high demand for pre-owned cars, also lead to key financial performance figures of BMW AG which exceed market expectations in a positive current environment.

Based on preliminary figures for the first quarter 2021, Automotive segment EBIT is €2,236 million (Q1 2020: €229 million), Financial Services segment EBT is €787 million (Q1 2020: €484 million) and Group EBT is €3,757 million (Q1 2020: €798 million). The Automotive segment EBIT margin is 9.8% (Q1 2020: 1.3%).

 

The positive operating performance and the continued focus on working capital management lead to the free cash flow of €2,522 million (Q1 2020: -2,218 million) in the Automotive segment, also exceeding market expectations.

The definition of the above-mentioned financial indicators is provided on pages 327 and 328 of the BMW Group Report 2020. Further details will be published in the Quarterly Statement for the period to 31 March 2021 on 7 May 2021.

 

Dr. Britta Ullrich- photo BMW

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17.04.2021


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Polestar raises USD550m from new investors; further fund raising considered

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Toyota Motor Europe market share climbs to a record high of 6.6% in first quarter

14.04.2021


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Consumer car finance new business volumes fell by 27% in February 2021

10.04.2021


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MG achieves best-ever monthly sales result and market share despite physical closure of dealerships

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BMW Group on clear growth path with record first-quarter sales

08.04.2021


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Rolls-Royce Motor Cars reports record first quarter results

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08.04.2021


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Record Q1 market share for Kia UK

07.04.2021


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Volvo Cars reports 40.8 per cent growth in the first quarter of 2021

07.04.2021


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Honda and Acura Brands, American Honda, Set Multiple Sales Records in March

02.04.2021


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Goodyear announces pricing of $1 billion of senior notes

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Roberto Di Stefano is appointed “Free2Move eSolutions” Chief Executive Officer

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Mitsubishi Motors Personnel change

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Cécilia Taieb, new SEAT S.A. Global Director of Communications

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Andreas Walingen- New Chief Strategy Officer at Volkswagen

24.03.2021


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Kia Motors America Hires Michael McHale as Director, Brand Experience

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Porsche AG set a new revenue record in the 2020 financial year

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Audi defies the corona crisis with a robust performance in the 2020 financial year

19.03.2021


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Ducati proves to be a solid and profitable company with a positive cash flow even in a complex year like 2020

18.03.2021


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Automobili Lamborghini: Strong profitability and second-best year ever for turnover and sales

18.03.2021


    2020: record operating margin

 
    The second-best year ever for turnover and sales    Order bank already covers nine months of 2021 production    more >>





Volkswagen drives forward its transformation

16.03.2021


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&nbs more >>





Consumer car finance new business volumes fell by 35% in January 2021

16.03.2021


New figures released today by the Finance & Leasing Association (FLA) show that the consumer car finance market reported a fall in new business volumes of 35% in January 2021, compared with the same month in 2020. The consumer new car finance market reported a fall in new business volumes of 38% in January compared with the same month in 2020. The pe more >>





McLaren Automotive appoints Gareth Dunsmore as Chief Marketing Officer

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Sale of its entire stake in Daimler by Renault

11.03.2021


 

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BMW Strong second half-year 2020 driven by high demand and well-coordinated management

11.03.2021


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BMW Group becomes first premium manufacturer to publish Integrated Group Report

11.03.2021


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Organizational appointments at Automobili Lamborghini

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Appointments within the Alliance Renault- Nissan- Mitsubishi

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Distribution of Faurecia shares and cash has become unconditional

10.03.2021


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Porsche increases stake in Rimac Automobili to 24 percent

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New Alfa Romeo Brand Organisation

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Changes to Porsche AG’s Executive Board

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Volvo Cars reports 29.1 per cent sales growth in the first two months of 2021

05.03.2021


Volvo Cars’ global sales performance remained strong in February, after the company posted 29.1 per cent growth for the first two months of the year compared with the same period last year.Total sales during the period amounted to 110,383 cars, more >>








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