BMW Reports Sales Results For The Second Quarter of 2011
Sales of the BMW X1 increased 34.2 per cent for the first six months of 2011 with 62,698 unitscompared to 2010's 46,705 units.Published 2 August 2011
For the second quarter of 2011, BMW has reported record sales volume, revenues and earnings. Group revenues increased 16.5 per cent to 17,888 million EUR compared to 2010's 15,438 million EUR.
Second quarter profit before financial result (EBIT) rose 66.3 per cent to 2856 million EUR (1299 million in 2010 and the profit before tax (EBT) rose to 2704 million EUR from 1299 million in 2010.
Group net profit for the quarter increased to 1809 million EUR from 2010's 834 million EUR. The number of cars sold between April and June 2011 was a new record figure of 450,608 units, an 18.5 per cent increase compared to 2010's 380,412 units.
During the first six months of 2011, groups revenues rose 22.1 per cent at 33,926 million EUR (2010: 27,791 million EUR). EBIT for the first six months was 4758 million EUR compared to 2166 million EUR in 2010. Profit before tax was 4516 million EUR (2010: 1807 million EUR). Profit after tax rose from 1158 million EUR in 2010 to 3021 million in 2011.
In the second quarter, the number of BMW cars sold reached 368,686 units, 15.2 per cent higher than 2010, with 319,946 units. For the first six months of 2011, the total number sold was 689,861 units, 17.8 per cent up on the total compared to the same period during 2010 of 585,755 units.
Sales of the BMW X1 increased 34.2 per cent for the first six months of 2011 with 62,698 units compared to 2010's 46,705 units. Sales of the BMW X3 more than doubled, with 53,522 units, compared to 24,841 units in 2010, a 115.5 per cent increase. With a 4.9 per cent increase in sales from 46,459 units in 2010 to 48,749 in 2011, the BMW X5 remains the segment leader.
Total sales for the new BMW 5 Series reached 170,708 units, an 80.3 per cent increase on the total for the same period during 2010 at 94,699.
The BMW 6 Series saw a 4.1 per cent increase from 3085 to 3,213 units. Sales performance of the BMW 7 Series remains strong, with a 3.4 per cent increase to 31,764 units in 2011 from 30,711 units in 2010.
The BMW 1 Series, approaching the end of its life cycle reached 94,454 units which is below the previous year's total of 103,819 units. The new BMW 1 Series will go on sale in mid-September 2011. BMW 3 Series sales were down from 199,027 units in 2010 to 192,927 for the first six months of 2011.