March 20, 2006
USA - The BMW Group said 2005 net profit was Euro 2.239 billion, or Euro 3.33 per share of common stock, just below a net profit of Euro 2.242 billion, or Euro 3.33 per share of common stock, for 2004. The Munich-based manufacturer said total revenue was Euro 46.656 billion, a new record high and up 5.2 percent from Euro 44.335 billion in 2004. The company's board of directors recently confirmed the 2005 results first released in February.
While the automobile segment was adversely affected by currency factors and raw material prices, company officials said the motorcycle segment reported a sharp increase in earnings.
BMW's motorcycle business profit before tax was Euro 60 million, up 93.5 percent from Euro 31 million in 2004. Segment revenues were Euro 1.223 billion, up 18.9 percent from Euro 1.029 billion in 2004. Sales numbered 97,474 units, up 5.6 percent from 92,266 units in 2004.
BMW's automobile business profit before tax was Euro 2.976 billion, down 5.9 percent from Euro 3.164 billion in 2004. Segment revenues were Euro 45.861 billion, up 7.8 percent from Euro 42.544 billion last year.
