BMW Group announced its financial results for the full year 2019 (January to December). Witnessed a significant boost in revenue, but a decline in profits.
According to the company’s announcement, the total sales of the entire group, including MINI and Rolls-Royce, is more than 100 billion euros for the first time, at € 104.210 billion (about $116 billion). This was a positive 7.6% increase from €96,855 million in the previous year.
In addition, net income for the full year 2019 is 5,022 million euros (about $5.6 billion USD). This is the second consecutive year of decline in profits, down 28.9% from €7,064 million in the previous year. Fluctuations in exchange rates and rising raw material prices are the factors behind the decline in profits.
Meanwhile, global new car sales in 2019 reached a record high of 2,538,367 units. The year-on-year increase was 2.2%, surpassing the previous year’s results for the ninth consecutive year. Of the total sales of 2,538,367, the BMW brand set a new record at 2,285,798. The year-on-year increase is 3.3%, and will continue to exceed the previous year’s results.
For the entire group by market in 2019, China maintained a positive 14% year-on-year increase at 724,733 units. In the United States, sales increased by 5.7% to 375,751 units, up for the second consecutive year. Europe sold 1,083,669 units, exceeding 1 million units for the fourth consecutive year, but fell 1.2% year-on-year for the second consecutive year.
In the 2019 BMW brand performance, 958,732 SUVs were sold, up 21% from the previous year, a double digit increase. The luxury segment grew by 75% to over 100,000 units, thanks to the effects of the 8 Series , 7 Series , and X7.
Deliveries of the all-electric BMW i3 rose by 13% to nearly 40,000 units.