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BMW's R&D to exceed 6.2 billion euros in 2021

Publish Date: 2022.03.12

  On March 11, the BMW Group announced its fiscal 2021 financial report. In 2021, the BMW Group delivered a total of 2,521,514 vehicles worldwide, an increase of 8.4% year-on-year; of which, new energy vehicles accounted for 13%, reaching 328,314 vehicles. The Group's total revenue reached EUR 111.239 billion, a year-on-year increase of 12.4%. Group income before tax achieved strong growth, reaching a record high of EUR 16.06 billion, a year-on-year increase of 207.5%. The group's net profit also set a new historical record, reaching 12.463 billion euros, a year-on-year increase of 223.1%. Profits to be distributed to shareholders reached 3.827 billion euros, a record level of dividends per share.


  In 2021, the BMW Group's automotive business revenue rose sharply to 95.476 billion euros, an increase of 18.1% year-on-year. The EBIT margin reached 10.3%. The contribution of the automotive business to free cash flow reached 6.354 billion euros at the end of the year, an increase of 87.2% year-on-year.


  BMW Motorrad delivered 194,261 units to customers last year, a year-on-year increase of 14.8%. Motorcycle business revenue reached 2.748 billion euros, an increase of 20.3%; EBIT margin was 8.3%.


  Zipse, Chairman of the BMW Group, said: "The business development in 2021 proves that the transformation of the BMW Group has already paid off. We adhere to the established strategy and provide the right products to the market at the right time. At the same time, our teams work closely together to jointly These are tough times. For the BMW Group, a drastic transformation can go hand-in-hand with a solid financial performance.”


  Sustainability is at the heart of the BMW Group's corporate strategy. The company will release the 2021 group financial report on March 16, and will incorporate the results of sustainable development into the group financial report in accordance with the requirements of the Sustainability Accounting Standards Board (SASB).

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