(Tiper Stock Exchange) – BMW Group aim for a 8-10% EBIT margin In the automotive segment for the current financial year. The German automaker confirmed preliminary results published last week for 2022. Revenues rose to 142,610 million euros (+28.2%), EBT margin stood at 16.5% (previous year: 14 .4%; +2.1 percentage points) and the net profit was 18,582 million euros (+49.1%).
THE main growth drivers in 2023 they will be vehicles and all-electric models (BEV) in the premium segment high-end brands, such as the new BMW 7 Series, the updated BMW X7 and the Rolls-Royce model family. In this premium segment, BMW Group forecasts growth at a mid-double-digit rate for the current financial year, with BEV models likely to grow in the igh double-digit range.
“BMW shows a high degree of resilience, especially in difficult conditions. The company anticipates developments in the economic environment at an early stage and acts accordingly – said President Oliver Zipse – A high level of flexibility, combined with our operational performance, has proven to be an effective combination to ensure success, even facing headwinds and taking advantage of opportunities for profitable growth”.
In the first two months of the year, BMW Group was able to more than double sales of all-electric vehicles, compared to the same period of the previous year. Growth was “disproportionately strong” in China, where the company’s BEV sales more than tripled in the year through the end of February.