Motoring

BMW Group Reports Profitable First Half Year

by BTM

Fri, 09 September 2022

BMW Group Reports Profitable First Half Year

Despite challenges, including continued supply chain disruptions and bottlenecks for semiconductors and specific supplier parts, the BMW Group remained on course in the first half of 2022. 

The BMW Group’s underlying strength and operational excellence was reflected in its profits for the first six months; despite the volatility, the company earned a Group EBT margin of 24.5 percent (Q2 2022: 11.3 percent). 

“BMW Group recognises changes in the economic environment at an early stage and counteracts them accordingly. Our high degree of flexibility and operational performance have proven time and again to be an effective combination to ensure the BMW Group’s successful course even in rough waters,” said BMW AG CEO, Oliver Zipse.

To the long-term success of BMW Group contribute its pioneering spirit and consistent focus on innovation. An upcoming proof-point of its innovative strength is the all-electric NEUE KLASSE. It will be fully geared towards sustainability and circular economy, using new technologies and production processes from the middle of the decade onwards.

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