BMW reports double-digit growth
The BMW Group has recorded growth in deliveries, revenues and earnings in the third quarter.
Group net profit increased at a double-digit percentage rate, helped to some extent by a base effect from the previous year’s reported figures. Moreover, profitability has continued to improve over the course of the nine-month period.
Oliver Zipse, chairman of the board of management of BMW AG, said: “At the nine-month stage, we are well on our way to achieving our targets for the year as a whole. However, we are looking further into the future, having recognised that far-reaching technological transformation is a great opportunity for the BMW Group. I am convinced that our business model will only benefit from this. The vehicle of the future, with all its integrated digital functions, is a high-tech product of a complexity that is still underestimated.”
As part of this, the BMW Group is significantly expanding its range of e-mobility products. By 2023, the company will have 25 electrified models on the roads – more than half of which will be all-electric.
