Business is good for BMW.
The Munich group has reported record profits for 2022.
The employees should also benefit from this.
Munich – BMW expects slightly increasing sales figures and continued high new car prices for this year, but significantly less profit.
The growth drivers are the e-cars and the luxury segment, said CEO Oliver Zipse.
In January and February, BMW doubled sales of fully electric cars compared to the same period last year, and even tripled them in China.
The combustion ban planned by the EU is dangerous in view of the charging stations and the dependence on raw materials.
BMW with record profit
In 2022, BMW sold 2.4 million cars.
A week ago, BMW reported record profits before taxes of 23.5 billion euros and a record dividend of 8.50 euros per share.
The employees should also benefit from this, said BMW HR Manager Ilka Horstmeier of the
tz
.
A skilled worker gets 9,000 euros in profit-sharing plus a dividend component in the old-age provision.
In addition, employees would benefit from the increase in dividends compared to the previous year via employee shares.
Things are going well in the core business: the supply of semiconductors is improving, production is running, the order books are full.
Demand is weaker in Europe, but stable in the US, and "in China we expect some recovery from the second quarter," said CFO Nicolas Peter.
BMW: 15 percent electric cars
Sales in the particularly profitable upper class and luxury segment are expected to increase by half.
New car prices are likely to remain high.
Used cars, on the other hand, could become cheaper because more new cars are coming onto the market.
With a dozen e-models and 215,000 e-cars sold in 2022, “we are clearly leaving the established competitors behind,” stressed Zipse.
Because customers from other brands are also coming, BMW is gaining market share and picking up the pace: This year, 15 percent of the cars sold are to be fully electric.
“One fifth in 2024, one quarter in 2025, one third in 2026,” said the CEO.