The BMW Group reported a net profit of 5.02 billion euros in 2019, the German group announced. This means the profit is 28.9 percent lower than a year earlier.
In particular, BMW spent a lot of money on development costs related to the electrification of the offer. Last year, a total of 5.95 billion euros was spent on research and development, an increase of 11.9 percent. Expenditure was partly offset by an increase in sales in the luxury segment. More than 100,000 copies of the most expensive BMWs were sold.
In order to save money in the future, certain motor-bucket combinations will be scrapped from 2021 onwards. Ultimately, half of the number of available motorizations will disappear.
The financial headwind was not reflected in the turnover; it broke the 100 billion euro mark for the first time. In total, EUR 7.6 billion more turnover was booked. Turnover amounted to a total of 104.2 billion euros. The BMW Group, which also included brands such as Mini and Rolls-Royce, also managed to sell more cars in 2019. The number of deliveries increased by 2.2 percent to 2.53 million vehicles.
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