BMW Group (BMW, BMW.L, BAMXF.PK, BAMXY.PK) said it was able to significantly increase both Group earnings and net profit in 2021 compared to the previous year. Automotive deliveries to customers rose 8.4% to 2,521,514 units. The company noted that 13% of its deliveries in 2021 were electrified vehicles. BMW Motorrad delivered 194,261 units to customers in 2021, an increase of 14.8% from prior year.
In 2021, the Group's Financial Services Segment delivered high earnings contribution as it benefited from high demand for new and used premium vehicles. EBIT margin of Automotive Segment was at 10.3%, for the fiscal year, an increase of 7.6 percentage points from last year.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com