80788 München, de
+49 (89) 382-24118
Statement and Charts by Dr. Norbert Reithofer, Chairman of the Board of Management of BMW AG, Annual Accounts Press Conference 2011
The BMW Group has a promising future. We are the world's most successful premium automaker. And we continue to set new standards in our industry. We are building the foundation for future sustainable mobility - and securing the long-term success of the BMW Group.
We are able to do this:
- Because our Strategy Number ONE outlines the roadmap for our business activities;
- Because our Group has a sound financial basis;
- And because our associates are innovative, efficient and highly motivated.
And, creating mobility solutions is our passion and we have a clear vision for the future: We aim to be the leading provider of premium products and premium services for individual mobility. This means:
1. We focus exclusively on premium. This applies to our products, as well as our internal processes and our business activities in general.
2. In the future, we will offer our customers a wide range of customized services for individual mobility.
3. And by doing so, we will strengthen our lead in the automotive industry.
Our performance in the business year 2010 shows: We are clearly on the right track.
- 4.83 billion Euros - this is the best pre-tax result in our company's history.
- 3.23 billion Euros - this is the highest profit we have ever generated.
- 1.46 million vehicles - this is the second-highest sales volume ever achieved.
- Financial Services contributed 1.2 billion Euros to the Group's overall earnings.
Our share price has seen a positive development as well. There are two things we have always stressed: BMW is a sound, long-term investment. And we want our shareholders to participate more in our corporate success.
- From year-end 2009 to the closing price at the end of 2010, the BMW share price increased in value by 85 per cent. This made the BMW ordinary share the most successful in the DAX index last year. In September, it was included in the EURO STOXX 50.
- At the Annual General Meeting, the Board of Management and the Supervisory Board will propose to raise the dividend to an all-time high of 1.30 Euro per ordinary share and 1.32 Euro per preferred share.
It is an inherent part of our corporate culture to include all shareholders in the company's performance, which also includes our associates.
- Since 1989, we have offered our associates the opportunity to participate in our employee share program. As a result, many associates benefit from the dividend as well.
- Moreover, all permanent staff in Germany will receive a profit-sharing bonus for 2010. It will amount to almost 1.6 monthly salaries, exceeding the previous record set in 2007.
So, what are our goals for 2011? We intend to do the following:
- Top our 2010 record earnings.
- Sell more cars than ever before - significantly more than 1.5 million.
- Reach new record sales with all three brands, BMW, MINI and Rolls- Royce.
I would like to focus in more detail on two points:
1. What did we accomplish in 2010?
2. How do we intend to lead the BMW Group into the future?
Regarding the first point: Our 2010 accomplishments:
First, a quick review of our sales figures:
- BMW sold more than 1.22 million vehicles. This figure was topped only once before, in 2007.
- MINI posted a new record of over 234,000 units.
- Rolls-Royce reached an all-time high of 2,711 cars.
- In the Motorcycle segment, sales of our two brands - BMW and Husqvarna - increased 9.7 per cent year on year. This totaled over 110,000 units. BMW Motorrad also managed to increase its market share, despite the trend in the international markets. In European key markets such as Germany, Italy, Spain, the Netherlands, Belgium and Austria, BMW Motorrad is the segment leader. Since December 2010, BMW Motorrad has also been active in the Indian market.
All new BMWs, MINIs, and Rolls-Royce cars truly capture the spirit of the times and meet our customers' expectations. One example of this is the new BMW 5 Series.
For more information see attachment!
The use of information published here for personal information and editorial processing is generally free of charge. Please clarify any copyright issues with the stated publisher before further use. In the event of publication, please send a specimen copy to firstname.lastname@example.org.