BMW group net profit for the second quarter of 2004 rose 18.1% year on year to a record €671 million. Net profit for the first half was up 10.8% to €1,194 million.

Group revenues for the second quarter 2004, at €11,910 million, were up 16.0% while, for the first six months, revenues increased 10.5% to €22,715 million.

Q2 profit in the automobiles division rose 26.4% to €971 million and operating margin improved to 8.4% from 8.0% a year ago.

321,010 BMW, Mini and Rolls-Royce brand cars were sold during the second quarter 2004, 13.3% more than in the previous year. Half year volume increased 8.5% to 590,983.

BMW brand sales in the quarter rose 14.3% to 273,429 while 495,496 were delivered in the first half, an increase of 8.9%.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Mini volume rose during the second quarter to 47,402 units, up7.6%, while 95,168 cars were delivered in the first half, up 5.9%.

Rolls-Royce sold 319 Phantoms in the first half but no prior year figure was given.

BMW’s financial services division boosted profits 15.3% to €136 million in the second quarter and by 19.1% to €268 million for the first half.