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11.03.2021: – Group profit before tax for second half-year up 9.8% year-on-year – Q4 EBIT margin of 7.7% in Automotive segment – Full-year EBIT margin at higher edge of target range |
– Group profit before tax for second half-year up 9.8% year-on-year
– Q4 EBIT margin of 7.7% in Automotive segment
– Full-year EBIT margin at higher edge of target range
– Free cash flow of € 3.4 billion despite lockdowns above previous year
– Dividend of € 1.90 per share of common stock proposed
– Zipse: “Starting 2021 with a favourable tailwind”
BMW Group Integrated Report (as of 17 March 2021)
The BMW Group’s profitable performance in the second half of the financial year 2020 provided a good tailwind going into 2021. Despite the global pandemic, the premium automobile manufacturer recorded an impressive pre-tax profit for the final six months of the year amounting to € 4,724 million, 9.8% up on the previous year’s already high figure of € 4,303 million.
Following the pandemic-related downturn in earnings in the second quarter, the BMW Group has therefore made a swift return to a more familiar profitable course. In the second half of the year, it delivered over 1.36 million units to customers, significantly more than in the corresponding period one year earlier. Volumes and earnings grew respectively in the final quarter of the year.
“Our performance in the second half of the year demonstrated just…
