Profit before tax rises to euro 4,836 million
Profit before financial result climbs to euro 5,094 million
Automobiles segment reports EBIT of euro 4,355 million
Record dividend of euro 1.30 per share proposed
Munich . The BMW Group has achieved new record highs for revenues and earnings in 2010, with revenues climbing by 19.3% to euro 60,477 million (2009: euro 50,681 million) and the profit before tax (EBT) jumping to euro 4,836 million (2009: euro 413 million). The Group reports a profit before financial result (EBIT) of euro 5,094 million (2009: euro 289 million) and a record net profit for the year of euro 3,234 million (2009: euro 210 million).
In the light of this strong performance, the Board of Management and the Supervisory Board will propose to shareholders at the Annual General Meeting on 12 May 2011 that the dividend be increased to euro 1.30 (2009: euro 0.30) per share of common stock and euro 1.32 (2009: euro 0.32) per share of preferred stock, in both cases representing new all-time highs.
“We are extremely pleased with developments over the past financial year. We have set new records for revenues and group earnings and have more than achieved our targets for the full year. We now want our shareholders to participate in this success by paying a record-level dividend. Our attractive model range and continued rigorous implementation of our Strategy Number ONE enabled us to improve profitability and efficiency significantly in 2010“, explained Norbert Reithofer, the Chairman of the Board of Management of BMW AG on Thursday in Munich.
In terms of sales volumes, the BMW Group registered the second-best ever performance in its history with the total number of BMW, MINI and Rolls-Royce brand vehicles delivered to customers rising by 13.6% to 1,461,166 units (2009: 1,286,310 units). The BMW Group therefore easily surpassed its target to increase sales for the full year 2010 to over 1.4 million units and thus remains the world’s leading provider of premium cars.
Source:
https://www.press.bmwgroup.com/pres...lId=6&id=T0099576EN&left_menu_item=node__2201
Profit before financial result climbs to euro 5,094 million
Automobiles segment reports EBIT of euro 4,355 million
Record dividend of euro 1.30 per share proposed
Munich . The BMW Group has achieved new record highs for revenues and earnings in 2010, with revenues climbing by 19.3% to euro 60,477 million (2009: euro 50,681 million) and the profit before tax (EBT) jumping to euro 4,836 million (2009: euro 413 million). The Group reports a profit before financial result (EBIT) of euro 5,094 million (2009: euro 289 million) and a record net profit for the year of euro 3,234 million (2009: euro 210 million).
In the light of this strong performance, the Board of Management and the Supervisory Board will propose to shareholders at the Annual General Meeting on 12 May 2011 that the dividend be increased to euro 1.30 (2009: euro 0.30) per share of common stock and euro 1.32 (2009: euro 0.32) per share of preferred stock, in both cases representing new all-time highs.
“We are extremely pleased with developments over the past financial year. We have set new records for revenues and group earnings and have more than achieved our targets for the full year. We now want our shareholders to participate in this success by paying a record-level dividend. Our attractive model range and continued rigorous implementation of our Strategy Number ONE enabled us to improve profitability and efficiency significantly in 2010“, explained Norbert Reithofer, the Chairman of the Board of Management of BMW AG on Thursday in Munich.
In terms of sales volumes, the BMW Group registered the second-best ever performance in its history with the total number of BMW, MINI and Rolls-Royce brand vehicles delivered to customers rising by 13.6% to 1,461,166 units (2009: 1,286,310 units). The BMW Group therefore easily surpassed its target to increase sales for the full year 2010 to over 1.4 million units and thus remains the world’s leading provider of premium cars.
Source:
https://www.press.bmwgroup.com/pres...lId=6&id=T0099576EN&left_menu_item=node__2201
