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BMW MOTORRAD: THIN DATA

Traditionally, BMW Group provides the most meagre amount of information it can get away with in quarterly statements regarding BMW Motorrad operations. Nine-monthly and Q3 2022 numbers were no exception. BDN financial editor Roger Willis reports.

For the three quarters of this year so far, total revenue from the brand’s biker sideline has risen by 9.9% to £2.153m. Operating profit fell very slightly by 0.3% to £279m and operating margin declined to 13% from 14.3%, while pre-tax profit was 0.6% up to £282m. Net profit grew by 6% to £229m. 

Worldwide retail sales volume posted a marginal 1.7% increase to 159,333 motorcycles, maxiscooters and ePTWs. Ongoing semiconductor supply shortages were held largely responsible for such weak growth.

Within the period, July-September performance was considerably brighter versus a tough Q3 in 2021. Revenue climbed 28.2% higher, to £716m. Operating profit rose by 123.1% to £75m. Operating margin improved dramatically to 10.6% from 6.1%. Net profit was 159.3% up to £61m. Retail bike sales increased by 5.7% to 51,778.       

As for anything approaching a full-year forecast, BMW Group opined that its motorcycle segment deliveries to customers are still expected to increase slightly. The segment’s operating margin is predicted to finish within a range between 8% and 10%, and return on capital within a range of 19% and 24%.

€-£ currency translation at forex rates applicable on 3 November

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