BMW marks 100th anniversary with record results

The world's leading luxury carmaker BMW celebrated its 100th anniversary by announcing on Wednesday that 2015 was its sixth consecutive of year of record profits and sales.

The Munich-based group said net profit climbed by 10 per cent to 6.4 billion euros (7 billion dollars) last year.

Global car sales were up 6.1 per cent at a record 2.23 million units, despite a slowdown in the world's biggest auto market, China, BMW said.

"We are again targeting a new sales volume record in 2016, with sales expected to be slightly up on the previous year," said group chief executive Harald Krueger.

He also warned that the carmaker was facing a volatile global political and economic environment.

Despite the record results, BMW shares fell 2 per cent to 78.40 euros on the Frankfurt Stock Exchange in afternoon trading.

On Monday, BMW marked the 100th anniversary of its founding with a series of celebrations at its operations around the world and by unveiling the prototype of what it sees as the car of the future.

The carmaker also rewarded its shareholders by recommending a record dividend of 3.20 euros per share for 2015 compared with 2.90 euros for 2014.

BMW's earnings before interest and tax (EBIT), which measure its core automotive business, climbed 5.2 per cent to 9.59 billion euros last year.

Sales of the group's flagship BMW brand rose by 5.2 per cent last year, while deliveries of its urban Mini were up 12 per cent.

BMW said its top-of-the range Rolls-Royce brand recorded the second-best performance in its 112-year history last year, selling 3,785 units around the world.

Last update: Wed, 09/03/2016 - 20:21
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