Audi, BMW, MB financial results: 1st half 2007

[EnI]

1st half 2007 results:


Audi:
Sales: incl. Seat & Lamborghini: 638,827 (+9.1%) ... Audi brand only: 509,079 (+9.8%)
Revenues: EUR 17.378 billion (+12.4%)
Profit before tax: EUR 1.105 billion (+67.2%) [*4]
Profit after tax: EUR 679 million (+66.8%)
#Rate of return before tax: 6.4% (1st half 2006: 4.3%) [*1]
Complete report: http://www.audi.com/etc/medialib/cms4imp/audi2/company/financial_information/pdf.Par.0372.File.pdf

BMW:
Sales: 730,285 (+4.6%) ... BMW brand only: 622,415 (+4.2%)
Revenues: EUR 26.634 billion (+7.3%)
Profit before tax: EUR 1.917 billion (-24.2%) [*2]
Profit after tax: EUR 1.340 billion (-22.8%) [*2]
Rate of return before tax: 7.2% (1st half 2006: 9.3%) [*1]
Complete report: http://www.bmwgroup.com/bmwgroup_pr...erichte/2007/0607/_pdf/BMWGroup_Q2_online.pdf

Mercedes - Benz:
Sales: 617,700 (-1.5%) ... MB brand only: 575,700 (+1.8%)
Revenues: EUR 24.628 billion (+0.8%)
Profit before tax EBIT: EUR 1.996 billion (1st half 2006: loss of EUR 45 million) [*3]
Profit after tax: n/a
Rate of return before tax: 8.1% [*1]
Complete report: http://www.daimlerchrysler.com/Proj...9161_dcx_ir_2007_reports_q2prefactsheet_e.pdf


[*1] Rate of return before tax = Profit before tax / Revenues

[*2] It should be noted that the BMW Group six-month profit in 2006 included a one-time gain of euro 375 million, resulting from the partial settlement of the exchangeable bond option relating to the BMW Group investment in Rolls-Royce Plc. - the aero engine maker.

[*3] MB profit before tax EBIT exclude net interest expenses, while BMW & Audi figures don't!!!

[*4] Since the Audi AG 2006 consolidated financial statements, income expected from the plan assets have been reported under the financial result, and no longer under the operating result. The prior-year figures have also been adjusted on a year-to-date basis for ease of comparison. Overall, the adjustment performed for the previous year reduced the profit from operating activities by EUR 6 million and improved the financial result by a corresponding amount.

 

[LaArtist]

Now this is WAAAy more interesting than sales..

can you please explain the EBIT part?

PS
and it would be great to see ONLY audi nr´s seat and lambo might help abit..

 

[EnI]

Now this is WAAAy more interesting than sales..

can you please explain the EBIT part?

Earnings before interest and taxes (EBIT) is a measure of profitability that excludes interest and income tax expenses.

Audi AG & BMW AG profit before tax figures include interest expanses, so their figures are a bit lower as an aftermath (eg. few dozen millions of Euros).

PS
and it would be great to see ONLY audi nr´s seat and lambo might help abit..

There are Audi sales numbers are stated separately up there: 509,079 (+9.8%) units in 1st half 2007.

As for financial results: all figures are company results of Audi AG (incl. brands Audi, Seat, Lamborghini), BMW AG (incl. brands BMW, MINI, Rolls-Royce, BMW Motorcycles), Mercedes-Benz Car Group (incl. brands MB, smart, Maybach, excl. vans + truck + buses). Financial figures also include non-operative activity figures etc.

I added links to reports.

 

[chonkoa]

Earnings before interest and taxes (EBIT) is a measure of profitability that excludes interest and income tax expenses.

Audi AG & BMW AG profit before tax figures include interest expanses, so their figures are a bit lower as an aftermath (eg. few dozen millions of Euros).

ENI,

Do you have the EBITDA numbers.
It will be interesting to know what the cash flow condition of these companies are.

 

[LaArtist]

ohh okay i understand.. i thought it was just the core brands BMW and MB..

anyways.. im surprised to see MB having such good financial results..
i thought they really sacrificed return on each car after the quality update..

I guess MB has the best nr´s despite the Intrest thing in the nr´s..and being dragged with cash eaters like smart and MM..

 

[EnI]

Do you have the EBITDA numbers.
It will be interesting to know what the cash flow condition of these companies are.

No EBITDA figures. Sorry.

For cash flow numbers (for Audi & BMW, MB report doesn't include them) check the full reports (links in post #1).

anyways.. im surprised to see MB having such good financial results..
i thought they really sacrificed return on each car after the quality update..

I guess MB has the best nr´s despite the Intrest thing in the nr´s..and being dragged with cash eaters like smart and MM..

Note that in the last months MB went through severe cost-cutting program - including smart re-shake & significant job-cuts.

Ditching profit-eating models (Roadster, ForFour) I'm sure smart is now a profitable unit. MM have already been profitable. Job cutting program also improved the profit figures.

 

[LaArtist]

by looking at these nr´s i feel BMW has the money to make a supercar..
LOL.. just jokin..