Trending: Investing in Bitcoin / 5 reasons to invest in Amazon / Investing in the Metaverse
Tuesday, May 23, 2023
INVESTOR TIMES
  • Home
  • News
    Central bank gold demand reaches record high in first quarter

    Central bank gold demand reaches record high in first quarter

    Snap Inc. does not see a light at the end of the tunnel (quite the contrary)

    Snap Inc. does not see a light at the end of the tunnel (quite the contrary)

    Big losers of 2022: Bernard Arnault, Elon Musk and Jeff Bezos

    Big losers of 2022: Bernard Arnault, Elon Musk and Jeff Bezos

    Authentic Brands Group beats Bluestar Alliance to buy Boardriders

    Authentic Brands Group beats Bluestar Alliance to buy Boardriders

    Retail spending dropped 1% in March

    Retail spending dropped 1% in March

    Will Europe’s commercial real estate sector be the next to fall?

    Will Europe’s commercial real estate sector be the next to fall?

    Elon Musk plans to compete in AI with Microsoft and Google

    Elon Musk plans to compete in AI with Microsoft and Google

    BlackRock’s warning to investors about interest rate cuts

    BlackRock’s warning to investors about interest rate cuts

    Mercado Libre invests millions in Mexico and Brazil

    Mercado Libre invests millions in Mexico and Brazil

  • Markets
    Intel stock in 2023: good entry point?

    Intel stock in 2023: good entry point?

    Possible Fed pause not a buy signal, BofA says

    Possible Fed pause not a buy signal, BofA says

    Iberdrola targets U.S. and Europe after sale of assets in Mexico

    Iberdrola targets U.S. and Europe after sale of assets in Mexico

    What factors drive Shopify stock?

    What factors drive Shopify stock?

    Jack Ma’s return to China and the (good) reaction of Alibaba shares

    Jack Ma’s return to China and the (good) reaction of Alibaba shares

    Investing in Lululemon: buy or wait and see which way the stock goes?

    Investing in Lululemon: buy or wait and see which way the stock goes?

    Will Europe’s commercial real estate sector be the next to fall?

    Will Europe’s commercial real estate sector be the next to fall?

    Investing in Playtech? High growth potential in the United States

    Investing in Playtech? High growth potential in the United States

    BlackRock’s warning to investors about interest rate cuts

    BlackRock’s warning to investors about interest rate cuts

  • Investing
    Real estate investing strategies: How to simplify mortgage settlements for savvy investors

    Real estate investing strategies: How to simplify mortgage settlements for savvy investors

    What factors drive Shopify stock?

    What factors drive Shopify stock?

    Why Adidas and Beyoncé are splitting up and what it means for investors

    Why Adidas and Beyoncé are splitting up and what it means for investors

    Sinclair stock generate ambiguity among experts

    Sinclair stock generate ambiguity among experts

    Mercado Libre invests millions in Mexico and Brazil

    Mercado Libre invests millions in Mexico and Brazil

    Big Technologies has large margins and the advice is to wait

    Big Technologies has large margins and the advice is to wait

    Warren Buffett’s best advice to Bill Gates

    Warren Buffett’s best advice to Bill Gates

    What are AT1 bonds and why did Credit Suisse make them news?

    What are AT1 bonds and why did Credit Suisse make them news?

    Hedging hurts more than stock market declines, study says

    Hedging hurts more than stock market declines, study says

  • Technology
    What’s behind the drop in C3.ai shares?

    What’s behind the drop in C3.ai shares?

    Huawei boosts China in chip wars

    Huawei boosts China in chip wars

    Elon Musk plans to compete in AI with Microsoft and Google

    Elon Musk plans to compete in AI with Microsoft and Google

    TikTok ban would violate the First Amendment

    TikTok ban would violate the First Amendment

    Twitter is worth half as much as before Elon Musk

    Twitter is worth half as much as before Elon Musk

    Tech leaders call for 6-month halt to AI developments

    Tech leaders call for 6-month halt to AI developments

    Mexican fintech unicorn bets on expansion in Brazil

    Mexican fintech unicorn bets on expansion in Brazil

    7 Reasons to Invest in Instagram Marketing

    7 Reasons to Invest in Instagram Marketing

    Why Americans want to remove Instagram from their phones

    Why Americans want to remove Instagram from their phones

  • CryptocurrenciesTRENDING
    Why has cryptocurrency trading volume fallen so much?

    Why has cryptocurrency trading volume fallen so much?

    Hunters On-Chain: a play-to-earn game for investment and fun at the same time

    Hunters On-Chain: a play-to-earn game for investment and fun at the same time

    Bitcoin price could reach new highs in 2025

    Bitcoin price could reach new highs in 2025

    Tether on track for new market capitalization record

    Tether on track for new market capitalization record

    Sony patents NFT developments for its consoles and video games

    Sony patents NFT developments for its consoles and video games

    Audits, complaints, taxes, celebrity fines: what is the SEC looking for?

    Audits, complaints, taxes, celebrity fines: what is the SEC looking for?

    Binance victory lasted only a few weeks, says Kevin O’Leary

    Binance victory lasted only a few weeks, says Kevin O’Leary

    SEC redoubles pressure against the crypto sector

    SEC redoubles pressure against the crypto sector

    Do Kwon and Chang-joon apprehended trying to escape to Dubai

    Do Kwon and Chang-joon apprehended trying to escape to Dubai

S&P 500 (USA) 
4.147.54  45.09  1.08%  
NASDAQ Composite (USA) 
12.570.03  150.75  1.19%  
Dow Jones (USA) 
33.065.43  221.15  0.66%  
FTSE 100 (United Kingdom) 
7.762.95  8.04  0.10%  
EURO STOXX 50 (Europe) 
4.342,38  43,25  0,99%  
Nikkei 225 
30.957.77  129.05  0.42%  
VIX 
18.70  1.49  8.66%  
Bitcoin (USD) 
27.172.88  279.61  1.04%  
Ethereum (USD) 
1.848.67  27.99  1.54%  
  • Home
  • News
    Central bank gold demand reaches record high in first quarter

    Central bank gold demand reaches record high in first quarter

    Snap Inc. does not see a light at the end of the tunnel (quite the contrary)

    Snap Inc. does not see a light at the end of the tunnel (quite the contrary)

    Big losers of 2022: Bernard Arnault, Elon Musk and Jeff Bezos

    Big losers of 2022: Bernard Arnault, Elon Musk and Jeff Bezos

    Authentic Brands Group beats Bluestar Alliance to buy Boardriders

    Authentic Brands Group beats Bluestar Alliance to buy Boardriders

    Retail spending dropped 1% in March

    Retail spending dropped 1% in March

    Will Europe’s commercial real estate sector be the next to fall?

    Will Europe’s commercial real estate sector be the next to fall?

    Elon Musk plans to compete in AI with Microsoft and Google

    Elon Musk plans to compete in AI with Microsoft and Google

    BlackRock’s warning to investors about interest rate cuts

    BlackRock’s warning to investors about interest rate cuts

    Mercado Libre invests millions in Mexico and Brazil

    Mercado Libre invests millions in Mexico and Brazil

  • Markets
    Intel stock in 2023: good entry point?

    Intel stock in 2023: good entry point?

    Possible Fed pause not a buy signal, BofA says

    Possible Fed pause not a buy signal, BofA says

    Iberdrola targets U.S. and Europe after sale of assets in Mexico

    Iberdrola targets U.S. and Europe after sale of assets in Mexico

    What factors drive Shopify stock?

    What factors drive Shopify stock?

    Jack Ma’s return to China and the (good) reaction of Alibaba shares

    Jack Ma’s return to China and the (good) reaction of Alibaba shares

    Investing in Lululemon: buy or wait and see which way the stock goes?

    Investing in Lululemon: buy or wait and see which way the stock goes?

    Will Europe’s commercial real estate sector be the next to fall?

    Will Europe’s commercial real estate sector be the next to fall?

    Investing in Playtech? High growth potential in the United States

    Investing in Playtech? High growth potential in the United States

    BlackRock’s warning to investors about interest rate cuts

    BlackRock’s warning to investors about interest rate cuts

  • Investing
    Real estate investing strategies: How to simplify mortgage settlements for savvy investors

    Real estate investing strategies: How to simplify mortgage settlements for savvy investors

    What factors drive Shopify stock?

    What factors drive Shopify stock?

    Why Adidas and Beyoncé are splitting up and what it means for investors

    Why Adidas and Beyoncé are splitting up and what it means for investors

    Sinclair stock generate ambiguity among experts

    Sinclair stock generate ambiguity among experts

    Mercado Libre invests millions in Mexico and Brazil

    Mercado Libre invests millions in Mexico and Brazil

    Big Technologies has large margins and the advice is to wait

    Big Technologies has large margins and the advice is to wait

    Warren Buffett’s best advice to Bill Gates

    Warren Buffett’s best advice to Bill Gates

    What are AT1 bonds and why did Credit Suisse make them news?

    What are AT1 bonds and why did Credit Suisse make them news?

    Hedging hurts more than stock market declines, study says

    Hedging hurts more than stock market declines, study says

  • Technology
    What’s behind the drop in C3.ai shares?

    What’s behind the drop in C3.ai shares?

    Huawei boosts China in chip wars

    Huawei boosts China in chip wars

    Elon Musk plans to compete in AI with Microsoft and Google

    Elon Musk plans to compete in AI with Microsoft and Google

    TikTok ban would violate the First Amendment

    TikTok ban would violate the First Amendment

    Twitter is worth half as much as before Elon Musk

    Twitter is worth half as much as before Elon Musk

    Tech leaders call for 6-month halt to AI developments

    Tech leaders call for 6-month halt to AI developments

    Mexican fintech unicorn bets on expansion in Brazil

    Mexican fintech unicorn bets on expansion in Brazil

    7 Reasons to Invest in Instagram Marketing

    7 Reasons to Invest in Instagram Marketing

    Why Americans want to remove Instagram from their phones

    Why Americans want to remove Instagram from their phones

  • CryptocurrenciesTRENDING
    Why has cryptocurrency trading volume fallen so much?

    Why has cryptocurrency trading volume fallen so much?

    Hunters On-Chain: a play-to-earn game for investment and fun at the same time

    Hunters On-Chain: a play-to-earn game for investment and fun at the same time

    Bitcoin price could reach new highs in 2025

    Bitcoin price could reach new highs in 2025

    Tether on track for new market capitalization record

    Tether on track for new market capitalization record

    Sony patents NFT developments for its consoles and video games

    Sony patents NFT developments for its consoles and video games

    Audits, complaints, taxes, celebrity fines: what is the SEC looking for?

    Audits, complaints, taxes, celebrity fines: what is the SEC looking for?

    Binance victory lasted only a few weeks, says Kevin O’Leary

    Binance victory lasted only a few weeks, says Kevin O’Leary

    SEC redoubles pressure against the crypto sector

    SEC redoubles pressure against the crypto sector

    Do Kwon and Chang-joon apprehended trying to escape to Dubai

    Do Kwon and Chang-joon apprehended trying to escape to Dubai

INVESTOR TIMES
Home Markets
ACTUALIZADO: March 13, 2023

BMW adds to profits thanks to Rolls Royce and Mini

The BMW Group posted a nearly 50% increase in net profit last year.

Pablo Petovel by Pablo Petovel
3/15/2023 - 20:11
in Markets
Reading Time: 3 mins read
Share on FacebookShare on TwitterShare on LinkedIn
  • BMW earned 18.582 billion euros, a more than positive figure for the German group.
  • A large part of the profits are based on the excellent performance of its most famous subsidiaries: Rolls Royce and Mini, which increased their turnover by 28 percent.
  • Complicated months lie ahead due to the threat of a global recession and the ongoing inflationary problems. Buy or sell BMW shares?

BMW, the German giant, ended last year with net profits of €18.58 billion, up nearly 50 percent from €12.46 billion in 2021, according to figures released last week by BMW.

The group emphasized that they achieved the proposed objectives during 2022 in difficult economic circumstances, in addition to pointing out that these numbers are the result of the improvement of values and the positive consequences of the union of products, and the full consolidation of the Chinese joint venture company, BMW Brilliance, located in the city of Shenyang.

Oliver Zipse, Chairman of the Board of Management of BMW, explained that two key factors combined for its success last year: a strong and passionate team sacrifice by its employees worldwide and items that give the right response to an extremely challenging context.

As a result, BMW ended the 2022 financial year with revenues of 142.612 billion euros, which is 28 percent more than the 111.240 billion euros earned during 2021.

BMW Group achieves a record profit of 18.582 billion in 2022, up 49.1 percent

BMW and an attractive 2022

The automaker’s net operating profit stood at €14 billion last year, a growth of 4.5 percent from €13.4 billion in the previous year.

In this connection, ebit in BMW’s Cars division was close to 10.637 billion euros, up 7.9 percent year-on-year.

In the Motorcycles division, there was an increase of more than 13 percent to 257 million euros.

The operating margin of the automotive division thus closed the past year at 8.5 percent (compared with 10.4 percent in 2021), while that of the motorcycle division was 8 percent, down from 8.4 percent in the previous year.

Overall turnover from car sales, meanwhile, declined by almost 5 percent at the close of 2022, to 2.4 million units, of which 2.1 million are from the parent brand, 292,923 units to Mini and 6,020 to Rolls Royce.

In addition, the German group registered 202,896 motorcycles, a growth of 4.5 percent.

Dividend distribution

The multinational is proposing to the Annual General Meeting of Shareholders that a dividend of 8.6 euros per ordinary share (5.7 euros per share in the previous year) and 8.5 euros per preferred share (5.8 euros in the previous year) be paid out of the profit for 2022.

Despite this growth in results, the German company will present this month the annual report corresponding to the last fiscal year with forecasts for 2023.

What this report will say is not yet clear. If it talks about good prospects for the 12 months between June 2023 and May 2024, the group’s shares should grow, so it would not be a bad idea to buy some shares.

If it talks about the difficulties of the recession, in the short term BMW shares are not going to have a good time at all.

BMW Subsidiaries

BMW Group is made up of several subsidiaries that have played an important role in its success over the years.

One of the most important subsidiaries of BMW Group is Rolls-Royce Motor Cars, which joined the holding company in 1998.

Rolls-Royce shares

Rolls-Royce is a luxury automobile manufacturer based in the United Kingdom and is known for its handcrafted vehicles that embody the ultimate in luxury and prestige. Since joining the BMW Group, Rolls-Royce has continued to produce some of the world’s most luxurious automobiles, with the Phantom, Ghost and Wraith among its most popular offerings.

Another important BMW Group subsidiary is BMW Motorrad, which is the group’s motorcycle division.

BMW Motorrad has been part of the BMW Group since 1923 and has become one of the world’s leading motorcycle manufacturers, with a reputation for quality, performance and innovation.

BMW Motorrad’s most popular models include the R 1200 GS, the S 1000 RR and the F 800 GS Adventure.

Mini is another subsidiary that is part of the BMW Group. The British brand, which was acquired by BMW in 2000, is known for its iconic design and compact size. Since joining the group, Mini has continued to innovate and expand its product line, with the introduction of the Mini Cooper, Mini Clubman and Mini Countryman models.

BMW-Group also owns a 50 percent stake in the BMW Brilliance Automotive joint venture, which was established in 2003.

This company is based in China and produces BMW vehicles for that market.

BMW-Brilliance Automotive has been instrumental in helping BMW establish a strong presence in the Asian giant, which is one of the world’s largest automotive markets.

Tags: BMWBMW shares

Related articles

Intel stock in 2023: good entry point?
Markets

Intel stock in 2023: good entry point?

by Pablo Petovel
— May 8, 2023
Possible Fed pause not a buy signal, BofA says
Markets

Possible Fed pause not a buy signal, BofA says

by Alejandro Gil
— May 7, 2023
Iberdrola targets U.S. and Europe after sale of assets in Mexico
Markets

Iberdrola targets U.S. and Europe after sale of assets in Mexico

by Pablo Petovel
— April 25, 2023
What factors drive Shopify stock?
Investing

What factors drive Shopify stock?

by Alejandro Gil
— April 24, 2023
Jack Ma’s return to China and the (good) reaction of Alibaba shares
Markets

Jack Ma’s return to China and the (good) reaction of Alibaba shares

by Pablo Petovel
— April 22, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Last published articles

Central bank gold demand reaches record high in first quarter
News

Central bank gold demand reaches record high in first quarter

by Santiago Contreras
— May 8, 2023
Intel stock in 2023: good entry point?

Intel stock in 2023: good entry point?

by Pablo Petovel
  May 8, 2023

Possible Fed pause not a buy signal, BofA says

Possible Fed pause not a buy signal, BofA says

by Alejandro Gil
  May 7, 2023

Snap Inc. does not see a light at the end of the tunnel (quite the contrary)

Snap Inc. does not see a light at the end of the tunnel (quite the contrary)

by Pablo Petovel
  May 7, 2023

Why has cryptocurrency trading volume fallen so much?

Why has cryptocurrency trading volume fallen so much?

by Santiago Contreras
  April 26, 2023

Facebook Twitter LinkedIn Telegram RSS

ABOUT INVESTOR TIMES

INVESTOR TIMES is an independent publication of economic, finance and investment content, owned and operated by Altas Ventures.

MORE ABOUT US

  • Our team
  • Work with us
  • Advertise on IT
  • Contact
  • Corporate information
  • Terms of Use
  • Cookies Policy
  • Privacy Policy

INTERNATIONAL EDITIONS

Investor Times in English

Investor Times en Français

Investor Times in Deutsch

Investor Times in Italiano

Investor Times em Português

Investor Times po Polsku

Investor Times на русском языке

El País Financiero (edición en Español)

© ATLAS VENTURES SLU, all rights reserved. Any information contained in INVESTOR TIMES is for educational and/or informational purposes only, it is not financial and/or investment advice. INVESTOR TIMES may obtain economic retribution by recommending services or products of third parties. INVESTOR TIMES does not accept, nor will it accept in the future, subsidies or funds from Governments, political parties or public institutions.

No Result
View All Result
  • Home
  • News
  • Markets
  • Investing
  • Cryptocurrencies
  • Technology

  •  EXCLUSIVE  3 Russian men are the real perpetrators behind Juicy Fields, says Glanse

     NEW  Compound Interest Calculator

     TRENDING 
    Investing in Bitcoin Investing in the Metaverse 5 reasons to invest in Amazon

© ATLAS VENTURES, all rights reserved.