BMW News
BMW Motorrad has announced record-setting results with its first quarter figures. The division grew by 1.5%, selling 24,732 units world-wide, making it the best first quarter on record.
Despite the gains, markets in Europe dwindled with an overall decline of 8.9% over the previous year. BMW’s quarterly report cites a longer winter as contributing to the fall. In Germany, there was a 2.1% decrease while in Italy sales fell by 19.3%. Sales in France declined by 8.2% through Q1, while in Great Britain they fell by 10.6% and in Spain they went down 20.7%.
On the bright side, motorcycle sales in the United States, however, rose by 13.9% as did sales in Brazil (5.5%) and Japan (24.4%). Overall production increased through the quarter to 35,221 units. BMW Motorrad’s workforce size decreased, with a 7.3% drop in employment owing to the sale of Husqvarna.
Even though there was an overall gain in sales, revenue was slightly down compared to the same period in 2012. For Q1 in 2013, BMW Motorrad revenue totaled $566,800,000, whereas in 2012 the figure came in at $582,000,000. EBIT (Earnings Before Interest and Taxes) gained by 37.8% to $66,300,000, marking the best ever result for the brand in Q1. The segment profit before tax also grew, up 35.1% at $65,000,000.
Dr. Fredrich Eichiner, Member of the Board of Management of BMW AG, Finance offered this assessment in a conference call shortly after the numbers were released.
“Deconsolidation of Husqvarna was completed in March. For the full year, we anticipate higher year-on-year sales for BMW Motorrad – mainly thanks to the maxiscooters now fully available and the new F800GT and R1200GS models.” ––Paul Duchene
On the bright side, motorcycle sales in the United States, however, rose by 13.9% as did sales in Brazil (5.5%) and Japan (24.4%). Overall production increased through the quarter to 35,221 units. BMW Motorrad’s workforce size decreased, with a 7.3% drop in employment owing to the sale of Husqvarna.
Even though there was an overall gain in sales, revenue was slightly down compared to the same period in 2012. For Q1 in 2013, BMW Motorrad revenue totaled $566,800,000, whereas in 2012 the figure came in at $582,000,000. EBIT (Earnings Before Interest and Taxes) gained by 37.8% to $66,300,000, marking the best ever result for the brand in Q1. The segment profit before tax also grew, up 35.1% at $65,000,000.
Dr. Fredrich Eichiner, Member of the Board of Management of BMW AG, Finance offered this assessment in a conference call shortly after the numbers were released.
“Deconsolidation of Husqvarna was completed in March. For the full year, we anticipate higher year-on-year sales for BMW Motorrad – mainly thanks to the maxiscooters now fully available and the new F800GT and R1200GS models.” ––Paul Duchene
