Miguel Villagran/Getty Images
BMW
BMW
BMW
BMW
BMW

BMW Speeds Ahead to Another Record Year in 2014

March 12, 2015
BMW said it sold a total 2.118 million vehicles worldwide in 2014, 7.9% more than in the previous year.

FRANKFURT – BMW, the German top-of-the-range car maker, said Thursday it achieved its fifth record year in succession in 2014 on the back of buoyant demand for its vehicles.

"We continued to perform well during the past year, achieving new highs for sales volume, revenues and group earnings," boasted chief executive Norbert Reithofer. 

"Tailwinds caused by high customer demand for our vehicles worldwide are driving up sales volumes," he said. 

BMW said it sold a total 2.118 million vehicles worldwide in 2014, 7.9% more than in the previous year. 

Group revenues rose 5.7% to $85 billion.

Underlying or operating profit grew by 14.3% to 9.118 billion euros, "thanks primarily to sales volume growth and a high-value model mix," BMW said.

Net profit was up 9.2% at 5.817 billion euros, "also a new record high for the BMW group."

BMW said it wanted shareholders to participate in the rise in profits and would propose an increased dividend of 2.90 euros per common share and 2.92 euros per preferred share for 2014, up from 2.60 euros and 2.62 euros respectively earlier.

Looking ahead, the car maker said it targets further sales growth this year.

"In view of our attractive model range and the market launch of 15 new models or model revisions over the course of 2015, the BMW group forecasts an increase in sales volume worldwide," it said.

"We are targeting ... a new record level for deliveries," said Reithofer.

Copyright Agence France-Presse, 2015

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!