German car maker BMW (
www.bmw.co.uk) has reported record results for the fifth year in a row. The group said that its revenues grew by 5.7% in 2014 to 80.4 billion euros, while its earnings before interest and tax increased by 14.3% to 9.12 billion euros.
Its pre-tax profits rose by 10.3% to a new high of 8.7 billion euros, while its vehicle sales passed the two million mark for the first time in the group’s history, increasing by 7.9% to 2,117,965 units.
Chairman Norbert Reithofer said: “We continued to perform well during the past year, achieving new highs for sales volume, revenues and group earnings. Tailwinds caused by high customer demand for our vehicles world-wide are driving up sales volumes.”
BMW’s own-brand vehicles saw new record sales of 1,811,719 units, an increase of 9.5%. With sales of 302,183 units, Mini “maintained sales at the previous year’s high level”, according to the spokesman, while Rolls-Royce “consolidated its position” with sales exceeding 4,000. The group’s four largest markets overall were China, the USA, Germany and the UK.