BMW Group reports all-time highs for quarterly and six-month reporting periods
The BMW Group continued to perform well during the second quarter 2016, setting new automobile sales volume records for both quarterly and six-month reporting
periods. A total of 605,534* BMW, MINI and Rolls-Royce brand vehicles were delivered to customers worldwide during the period from April to June 2016
(+ 5.7%), while sales for the six-month period rose by 5.8% to 1,163,139*
units.

Second-quarter sales of the Motorcycles segment totalled 46,966 units and were therefore at a similar level to the previous year (– 0.2%). In total, 80,754 motorcycles were delivered to customers between January and June (+3.0%). These figures represented the secondbest quarterly and the best six-month sales volume performances in BMW Motorrad’s history.
The Financial Services segment concluded a total of 460,718 new lease and financing contracts with Retail customers during the second quarter 2016 (+10.5%), while the figure for the six-month period (874,090 contracts)
rose by 9.1%.

Group revenues and earnings increased
Mirroring the strong sales volume performance, secondquarter Group revenues grew by 4.5% to a new record level of € 25,014 million, despite being held down by negative currency factors. Group EBIT improved by 7.9%
to € 2,725 million. Influenced in part by gains on financial derivatives, profit before tax for the quarter went up by € 216 million to a new high level of € 2,798 million (+8.4%).
Group revenues recorded for the six-month period were 2.3% higher at € 45,867 million. Similar to the quarterly trend, reported revenues were negatively affected by currency factors. The six-month EBIT figure edged up
to € 5,182 million (+ 2.7%), thereby surpassing the previous year’s record figure. Profit before tax rose by 6.5% to a new high of € 5,166 million, helped by tailwind from a number of factors, including fair value measurement
gains recognised on derivatives.

* Including the joint venture BMW Brilliance Automotive Ltd., Shenyang
(second quarter 2016: 71,801 units; 1 January to 30 June 2016: 153,701 units).

Workforce enlarged
At 30 June 2016, the BMW Group employed 123,597 people worldwide (+ 3.4%). The growth in the size of the workforce reflects the substantial levels of investment being made in future technologies such as digitalisation,
automated driving and mobility services.
Brexit – no major impact expected for the BMW Group in the short term
On 23 June 2016, a referendum was held in the United Kingdom with regard to remaining in or leaving the European Union. The decision taken by the electorate
to leave the EU is not expected to have any major impact on the BMW Group’s operations in the UK in the short term. As the rules for the movement of people and goods between the UK and EU member states will have to be renegotiated, a period of uncertainty is now likely to set in. Until the new arrangements have been agreed in detail, it is not possible to assess the broader impact
of the impending changes.

Partnership in the field of autonomous driving
On 1 July 2016, BMWAG, Intel Corporation and Mobileye N. V. signed a memorandum of understanding, setting out their common intention to create an open platform
for the next generation of highly autonomous vehicles.
The three leaders from the automotive, technology and computer vision and machine learning industries are collaborating to bring solutions for highly and fully automated driving into series production by 2021 and to align the industry on a standards-based platform.
The BMW Group’s autonomous driving strategy is based on the BMW iNEXT model, which includes the vision of fleets of autonomous vehicles, not only on highways
but also in urban environments. Fully autonomous vehicles form the basis for the provision of new mobility services in tomorrow’s urban environments.

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