BMW Reports Rise in Q2 Revenue

By Karin Sun on 5 August 2014
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P90088927The BMW Group announced financial results for the second quarter of 2014.

The company’s total sales revenue was €19.905 billion ($26.624 billion), a small year-over-year increase of 1.8% from €19.552 billion in the second quarter of 2013.  Operating profit for the company was €1.771 billion, an increase of 27.2% from €1.392 billion in the same period last year.

Total worldwide automobile sales increased by 5.3%, up to 533,187 units sold from 506,321 in the second quarter of last year.  Sales of BMW and Rolls Royce brand vehicles rose by 8.3% and 28.6%, respectively, while sales of Mini brand vehicles declined by 10.4%.  Total sales of motorcycles increased by 5.1% year-over-year to 42,259 units sold from 40,209 units last year.

BMW said that the increase in total worldwide sales for the second quarter was driven by growth in all major sales regions including Europe, Asia, and the Americas.

Sales revenue for automobiles in the second quarter rose 1.7% to €18.504 billion from €18.201 billion in 2013.  Revenue for motorcycles was €528 million, a year-over-year increase of 11.2% from €475 million last year, and revenue for BMW’s Financial Services sector increased by 1.9% to €5.155 billion from €5.058 billion last year.

The company said it expects total sales revenue to increase significantly for 2014, and projects an increase in before-tax profit of 8% to 10% for the year.

(Photo: Accura Media Group)