As well as achieving new sales volume and revenues records in 2007, the BMW Group also achieved its earnings target for the year in its 2007 financial results announced today.

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Profit before tax, at EUR3,873m (2006: EUR4,124m), was 6.1% down on the record level achieved in the previous year. Adjusted for the exceptional gain on the settlement of the exchangeable bond on shares in the British engine manufacturer, Rolls-Royce plc, the profit before tax, as previously announced, was 0.6% higher than one year earlier.


The profit before financial result (EBIT) rose by 4.0% to EUR4,212m (2006: EUR4,050m).


BMW proposed raising its dividend by 51.4% to 1.06 euros per ordinary share, compared to a Reuters poll estimate of 1.05 euros per share.


“2007 was a successful year for the BMW Group. We achieved all the targets that we had set ourselves,“ commented Norbert Reithofer, Chairman of the Board of Management of BMW AG, on Thursday in Munich.

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“Even though 2007 was another successful financial year, we have to make sure that the BMW Group is fit for the future in the light of the major challenges that we are facing. All of the measures adopted in conjunction with our Number ONE strategy are aimed at safeguarding the BMW Group’s future and increasing its value,” he added.


The total number of BMW, MINI and Rolls-Royce brand vehicles delivered to customers in 2007 also rose to its highest level to date, with the sales volume up by 9.2% to 1,500,678 units (2006: 1,373,970 units). This means that the BMW Group fully achieved the upper single-digit sales growth rate target set for the full year 2007.


BMW also chose to highlight the role of an intiative designed to promote the brand’s environmental and technological strengths. It said that one of the major contributing factors for the ‘good performance’ was the EfficientDynamics package which is helping to reduce fuel consumption and CO2 emissions. EfficientDynamics is an umbrella term for BMW technological innovations that increase efficiency and reduce fuel consumption.


More than 450,000 BMW and MINI brand cars equipped with EfficientDynamics had been sold by the end of 2007 and by the end of the current year this figure is expected to rise to over 800,000 vehicles.