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BMW increases its profit by 8% in 2016 and touches the 7,000 million

Automotive News

The German consortium BMW obtained a profit of 6,910 million euros last year, which represents an increase of 8% compared to the 6.396 million euros recorded in 2015, according to data published by the company.

Munich Corporation President Harald Krüger said that BMW achieved historical turnover, sales and profit in 2016, while saying that his company is “completely focused” on launching the ‘Number One – Next Strategy’ , Which will guide the firm on its way to becoming automated, connected, electrified and shared.

“We have taken our 100-year-old company to the most successful twelve-month period of our corporate history and have recorded record levels in terms of turnover and profits for the seventh consecutive year,” he added.

The German group closed last year with a turnover of 94,163 million euros, which translates into an increase of 2.2% when compared to the figures recorded in the previous year.

The operating profit of the corporation reached 9,386 million euros in 2016, 2.2% less, while its worldwide car registrations stood at 2.36 million units (+ 5.3%) and motorcycle sales in 145,032 units (+ 5.9%).

At the end of last year, BMW had a worldwide workforce of 124,729 workers, representing a 2% increase, while its operating margin was 10.3%, three tenths more than in 2015.

By 2017, the German consortium is expected to maintain the trend of sales growth, driven by its product range. “We anticipate a new sales record in 2017, with registrations slightly above the previous year,” Krüger said.

Europe Press – EL ECONOMISTA – 03/03/2017 (Tranlation Soft)

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