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Solid growth for BMW bikes

Without any big surprises, BMW Motorrad posted another sound performance in BMW Group’s 2016 annual results statement. BDN financial editor Roger Willis reports.

Revenue grew by 4% to £1.79bn. Operating profit was 2.7% up to £162.1m with an operating margin of 9%. Pre-tax profit came in at £160.3m, a 3.4% increase. Return on capital rose by 1.4% to 33%.

Motorcycle production during 2016 actually dropped by 3.6% to 145,555 units. This decline was attributed to a large number of manufacturing start-ups for new models. BMW Motorrad nevertheless achieved a record retail sales volume for the sixth year in a row, climbing by 5.9% to 145,032 units. Growth was strongest in Europe, 7.5% up to 87,983 units. However, US sales fell by 16.8%. For 2017, deliveries to customers are forecast to increase significantly overall, although no improvement is anticipated in the USA.

Among its list of subsidiaries worldwide accompanying the statement, BMW Group continued to flaunt ownership of Triumph Motor Company — registered in Farnborough, Hampshire.   

 

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