BMW drives on to record sales, earnings in 2013

Tags: News
German top-of-the-range car maker BMW said today it achieved record sales and earnings and plans to pay an increased dividend to shareholders.

"With its fourth straight record year, the BMW group's strong performance continued during the past year despite a challenging economic environment worldwide," said chief executive Norbert Reithofer.

"In 2013 we achieved new highs for sales volume and profit and have thereby reached the targets we set ourselves for the full year," he boasted.

BMW said its net profit rose by 4.5 per cent to 5.34 billion euros (USD 7.5 billion) in 2013.

Pre-tax profit was up 1.4 per cent at 7.913 billion euros.

Revenues slipped by 1.0 per cent to 76.058 billion euros, but unit sales jumped by 6.4 per cent to a record 1.964 million vehicles, with all three brands -- BMW, Mini and Rolls-Royce -- "registering all-time highs."

BMW said it would increase its dividend payment so as to "share its success with shareholders."

The management board would propose raising the payout on common shares to 2.60 euros apiece from 2.50 euros last year, and 2.62 euros on preference shares.

Looking ahead, BMW said it was "striving to increase worldwide sales volume further in 2014."

"We forecast further sales volume growth in the current year which will again bring us a new all-time high. In doing so, we should exceed the threshold of two million vehicles," CEO Reithofer said.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.

EDITORIAL OF THE DAY

  • To die with dignity is an inalienable part of right to life

    The death of Aruna Shanbaug this week has again brought the long-standing euthanasia debate to life.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

China looks to India for balance

Almost a third of the total world population lives in ...

Zehra Naqvi

Love and its stories

People must have bread. They can live without stories. No, Hameeda, ...

Dharmendra Khandal

Tiger in urban landscape

Ranthambhore is in a no-win situation. Just a few days ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture