(CercleFinance.com) – BMW Group has achieved its commercial objectives for the 2023 financial year, as planned. A total of 2,554,183 vehicles were delivered to customers in the year to the end of December (2022: 2,399,632 units / +6.4%) – including 717,620 units in the fourth quarter (Q4 2022: 651 794 units / +10.1%). Deliveries for the full year saw a solid increase, resulting in a market share of 3.3%.
The Group’s EBT margin stood at 11.0% (2022: 16.5%; Q4: 8.6%; 2022: 8.2%), above the strategic objective of 10%. Automotive segment EBIT margin of 9.8% (2022: 8.6%; Q4: 8.5%; Q4 2022: 8.5%) is within the planned target range of 9.5-10.0% .
Throughout 2023, the company’s range of fully electric vehicles has been a key growth driver. BMW Group delivered a total of 375,716 fully electric cars (2022: 215,752 units / +74.1%) to customers, reaching a share of around 15% of total sales, as planned.
‘We have seen strong growth and significantly increased our percentage of fully electric vehicles, while improving our operational profitability. Many people talk about ‘transformation’. For us it is more about continuous progress,’ said Oliver Zipse, Chairman of the Board of Management of BMW AG,
Copyright (c) 2024 CercleFinance.com. All rights reserved.