Another year on a bed of roses for BMW
German car maker BMW has lived another year on a bed of roses in 2017 announcing on Thursday a net profit of 8,7 billion euro, a rise with 26% in one year. The group sold more than 2 million cars worldwide propelled by its SUVs. A total of 103.000 ‘electric’ vehicles (hybrids and full electric) were sold, a growth with 66%.
More fragrance of roses
For 2018 BMW CEO Harald Krüger smells more fragrance of roses “with a new record sales slightly under the one of 2017” due to the launch of the BMW Z4 and the BMW 8 series.
In 2017 BMW delivered +13,6% in Asia, remained stable in Europe with +0,9% and saw a small recess of -2% in the United States, where the German brand lost some market share to the competition.
1 billion for electric R&D
Last year BMW invested more than 1 billion euro in R&D of electric cars. “Since 2016 we have made numerous strategic decisions to develop our activities in a durable way the coming years”, Krüger commented.
Turnover grew with 4,8% to 98,68 billion euro. The car maker proposes a dividend of 4 euro per share to its shareholders, compared to 3,5% for 2016. An offer BMW says to be “the highest in the German automotive market”.