Ladies and Gentlemen,
Good morning!
2023 was another successful year for the BMW Group. We delivered strong results in the current business, while securing our future viability through targeted investments.
Strong demand for our attractive products, better availability of vehicles and an easing of the supply situation led to a positive volume development. After the halfway mark in the year, we accordingly raised our guidance for both deliveries and EBIT margin in the Automotive Segment.
Thanks to our disciplined management of the business, we delivered yet again on all our targets. I’ll now take you through our results.
SLIDE 3: BMW Group with Strong Performance and Solid Sales increase
For the full year, we delivered 2.55 million vehicles worldwide, which is 6.4% over 2022. We achieved significant growth with our all-electric vehicles. Deliveries reached more than 375,000 units, or approximately 15% of total sales.
At 9.8%, the EBIT margin in the Automotive Segment was well within the increased corridor of 9.0 to 10.5%. Excluding depreciation and amortisation for BBA assets from the purchase price allocation of 1.4 billion euros, the EBIT margin was 10.8%.
The Group EBT margin of 11% exceeded our strategic target of 10%.
We also continued to reduce CO2 emissions in our European fleet. With 102.1 grams per kilometer, we were 26.4 grams – in other words 20.5% - below the target set by the European Union.
SLIDE 4: BMW Group full-year 2023