BMW Motorrad 2011 Third Quarter Results

BMW Motorrad 2011 Third Quarter Results

BMW issued its third quarter report for 2011. It showed third-quarter motorcycle sales increased by 6.5% to 28,862 (up from 27,094). Of those, 26,312 were BMW motorcycles (2010: 24,493 units; +7.4%) while 2,550 were Husqvarna (2010: 2,601 units; -2.0%). While revenues for the motorcycle division were 14.8% higher at 334 million Euro (2010: 291 million Euro), as a result of the realignment of the Husqvarna Group, the profit before financial result (EBIT) slipped to a loss of 16 million Euro (2010: profit of 2 million Euro) and the result before tax dropped to a loss of 17 million Euro (2010: 0 million Euro).

Overall for the first nine months of the year, motorcycle sales increased by 4.7% to 92,972 (2010: 88,768 units) of which 86,892 (2010: 81,508) were BMWs and 6,080 (2010: 7,260) were Husqvarnas. Revenues for the first nine months of the year increased by 9.3% to 1,181 million Euro (2010: 1,081 million Euro). The Motorcycles segment reports a positive EBIT for the period of 62 million Euro (2010: 88 million Euro) and a profit before tax (EBT) of 60 million Euro (2010: 83 million Euro).

On the automobile side, the BMW Group reported its best third quarter in history with record sales, revenues and earnings. Revenues rose by 3.8% to 16,547 million Euro (2010: 15,940 million Euro). The third-quarter EBIT climbed by 44.0% to 1,716 million Euro (2010: 1,192 million Euro) and the EBT went up by 21.0% to 1,644 million Euro (2010: 1,359 million). Group net profit improved by 23.8% to 1,082 million Euro (2010: 874 million Euro). The number of vehicles sold during the three-month period from July to September increased by 9.0% to a new record of 399,218 (2010: 366,190).

New sales volume, revenues and earnings records were also achieved for the nine-month period. Revenues were 15.4% higher at 50,472 million Euro (2010: 43,731 million Euro). EBIT surged by 92.8% to euro 6,474 million Euro (2010: 3,358 million Euro), while the profit before tax rose to 6,160 million Euro (2010: 3,166 million Euro). This corresponds to an improvement of 94.6%. The nine-month profit after tax doubled to 4,103 million Euro (2010: 2,032 million Euro). The total number of BMW, MINI and Rolls-Royce brand vehicles delivered to customers up to the end of September increased by 16.0% to 1,232,584 (2010: 1,062,216).

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