Statement by Dr. Helmut Panke, Chairman of the Board of Management of BMW AG, Financial Analysts' Meeting Munich, 18 March 2004

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Statement by Dr. Helmut Panke, Chairman of the Board of Management of BMW AG, Financial Analysts' Meeting Munich, 18 March 2004"

Transcription

1 18 March Check against delivery - Statement by Dr. Helmut Panke,, Financial Analysts' Meeting Munich, 18 March 2004 Ladies and Gentlemen, Welcome to Munich welcome to the BMW Group Financial Analysts Meeting. At the beginning of last year we set ourselves two primary objectives for the then forthcoming year of business: 1. We planned to reach new record levels in customer deliveries of all three Group brands. 2. We set out to achieve a Group result, i.e. earnings, at the same level as in the previous year. In the course of the year we re-confirmed both of these objectives on several occasions. And today I am happy to state that as announced we have reached both of these targets successfully. Company Bayerische Motoren Werke Aktiengesellschaft Postal Address BMW AG München We have been just as successful, if I may say so, on another point also of great significance to the BMW Group: Following our split from Rover, we saw a significant decrease in our equity ratio from 21 per cent in the 1998 year of business to 10.5 per cent in fiscal At the time we promised to increase this figure back to the former level in the medium term by way of our new strategic orientation. And here again, we have kept our promise, with an equity ratio now amounting to an even more substantial 26.3 per cent. This is a strong and secure foundation we will continue to expand and strengthen. Indeed, particularly this point shows that we are going the right way with our product and market initiative. So you see, Ladies and Gentlemen, that the BMW brand has grown, the MINI brand has grown, and Rolls-Royce has made a good start into the market. In the Telephone +49 (0)89 / Internet

2 Page year of business, overall customer deliveries by the BMW Group exceeded the previous year's figure by approximately 47,000 units. Such growth by 47,000 cars corresponds roughly to: the annual volume of the BMW Group in Japan, our fifth-largest single market, or the overall annual sales of our Z4 Roadster. It is fair to say, therefore, that in 2003 we sold the equivalent to all our business in Japan or the annual sales volume of our BMW Z4 on top of the previous sales figure just one year before. The USA market made a particular contribution to the success of the BMW Group in the 2003 year of business, with customer deliveries amounting to more than 277,000 cars last year. This is an 8 per cent rise over our total US sales figure in It also means that for the first time in the history of the Company the USA was the BMW Group's biggest-selling single market, accounting for more customer deliveries than our home market, Germany. A very significant reason for this "changing of the guards" in 2003 was and is the ongoing debate in Germany on social and economic reform, breeding a feeling of great insecurity among the population. The outcome of this debate we are experiencing right now is a very reserved, reluctant attitude on the part of purchasers. It explains why our customer deliveries in Germany last year amounted to not quite 256,000 units, down slightly by 0.9 per cent from the previous year. Although Germany was in quotes "only" our second-largest single market last year, the fact remains that, being our home market, this country continues to play a fundamental role for our Company. We know that we can only be successful worldwide if we remain successful here in Germany on an ongoing, long-term basis. We realise that we would not have developed so positively in recent years in the world's largest car market the USA if we had not started out from the

3 Page 3 beginning with the image and reputation of a successful German car maker also successful in our own home country, Germany. The second factor crucial to our success in the USA is our great commitment to the local market, which has borne fruit increasingly over the years. And our production plant in Spartanburg, South Carolina expresses this commitment most visibly. The establishment of this plant approximately 10 years ago was a major milestone in the globalisation of the BMW Group, our customer deliveries in the United States increasing consistently ever since. To be specific, we have increased our sales in the world's largest car market just about fourfold in the last 10 years, our market share rising in this period from 0.6 per cent to 1.7 per cent. Today the USA accounts for approximately 27 per cent of our total car sales worldwide. Although perhaps our success in the United States cannot be repeated elsewhere in exactly the same way and with exactly the same volume, we are aiming at a similarly positive development in the long term also in the Asian markets, where in 2003 we delivered more than 93,000 BMW, MINI, and Rolls- Royce brand cars to customers. This alone is an increase by 18.5 per cent. We have already announced that we plan to increase customer deliveries in Asia to 150,000 cars by the year And we remain convinced that we will reach this objective. In Japan the largest market in Asia the BMW Group significantly outperformed the overall market as such in 2003: Customer deliveries in Japan last year amounted to almost 49,000 units, that is 7.5 per cent more than in The BMW Group was particularly successful last year above all in the Chinese markets of China, Hong Kong, and Taiwan. In all, customer deliveries in those markets amounted to more than 27,000 cars, an increase by 75 per cent over the previous year.

4 Page 4 In 2002 the Chinese markets were the 12th-largest market for BMW Group products. In 2003, in turn, the Chinese markets ranked for the first time among our Top Ten sales markets, and now they have moved up again to 8th place. This gives us a clear sequence in our sales markets with the USA ahead of Germany, Great Britain, Italy, Japan, France, and Spain followed by the Chinese markets. And if the dynamic growth we see in these markets continues in the years to come, China might well soon be one of the "G7 markets" for the BMW Group. The bottom line, Ladies and Gentlemen, is that the BMW Group has grown worldwide in Indeed, it is fair to say in this respect that we have no "problem children", that we are strong everywhere: We are growing on a high level in the USA. We are continuing to grow in Europe. And we are bringing in a growing harvest in Asia, where we have significantly boosted our presence in recent years and are now looking at above-average growth. This takes me on, again in brief, to the development of our products in the year 2003: Selling more than 528,000 units in its sixth year of production, the BMW 3 Series is just 5.9 per cent below its 2002 record year which, as before, makes this the best-selling model series within our product portfolio. Delivering more than 185,000 BMW 5 Series to customers in 2003, we exceeded the previous year's figure by 7.6 per cent. Our new BMW 5 Series Sedan has made a very successful entry into the market, with customer deliveries of more than 70,000 units in the first six months since the introduction of the new model in July This exceeds deliveries of the previous model in the same period.

5 Page 5 Recording customer deliveries of almost 58,000 units, the BMW 7 Series achieved a new sales record in 2003, up by 8.2 per cent over the previous year. Never before in the history of any BMW 7 Series have we delivered as many cars to customers as in The 7 Series is particularly successful in the USA and Asia, but also ranks a powerful No 2 in Germany. The success of the BMW X5 in its fourth year of production remains undaunted. Worldwide, more than 105,000 units of the X5 were delivered to customers last year, 4.6 per cent more than just one year before. So the BMW X5 also set up a new annual record in Customer deliveries by the BMW Group in the roadster segment more than doubled in 2003, with more than 47,000 units of the BMW Z4 being delivered to customers, making our roadster the world leader in its segment with a share of approximately 40 per cent. The success of the MINI brand continued last year, making a substantial contribution to the overall growth of BMW Group retail. With more than 176,000 MINIs being delivered to customers, we exceeded the previous year's figure by almost one-quarter to be specific by 22.4 per cent. This positive development of the MINI brand proves that customers appreciate high standards and top quality also in the small car market, meaning that "premium" is first and foremost a question of a model's concept, and not a question of sheer size. This takes me on to the Rolls-Royce brand. By the end of 2003 we delivered 300 new Rolls-Royce Phantoms to their owners. Now, following the ramp-up period in 2003, production at the Manufacturing Plant in Goodwood has reached its target capacity according to plan, with five cars currently being built per day. Response to this new luxury car has been very positive indeed, both traditional Rolls-Royce customers as well as brand-new customer groups being thrilled by the Rolls-Royce Phantom. This makes us very confident for the current year of business, especially with 2004 being the centennial anniversary of this unique marque. We expect Rolls-Royce to grow significantly this year.

6 Page 6 The year 2003, Ladies and Gentlemen, clearly confirms the strengths and performance of the BMW Group: It is precisely due to our successful products and profitable operation in the market that we are able to invest in our product and market initiative without having to make any concessions in our results and earnings. Last year we invested more than euro 3.2 billion in fixed assets. Added to this, our activated cost of development amounted to euro 996 million. But despite this substantial expenditure, we were able to maintain the same high level of profits as one year before, as we had announced in advance. This achievement was not in any way favoured or promoted by a positive development of the economy. And the crises we saw in world politics did not make things easier for us, either. We nevertheless reached all our objectives for the year 2003, at the same time initiating important steps for the future, ongoing expansion of the Company. Resting securely on this foundation, we are entering the year 2004 full of confidence and positive expectations: We expect all three brands to reach new records in retail volume. We are also aiming at a new record result exceeding the previous record set up in While we will continue in 2004 to invest in our current product and market initiative, we can now expect a bigger payback from our capital expenditure. In other words, we will start this year to reap the benefits of our product and market initiative so far. In all, it is fair to say that the BMW Group will benefit from a future trend towards greater individualisation and customisation in life. One of the results of this trend will be the growing differentiation of segments within the car industry, with an

7 Page 7 increasing number of individual models being introduced into the market. This will also continue to create greater demand for premium cars than for volume products. Given this background situation, Ladies and Gentlemen, our optimism for the current year of business is by all means justified. Indeed, we are more than confident that through our current product and market initiative we are again setting out the path for lasting success in the market. We have clear objectives for the future. So how exactly are we developing? The BMW Group will continue to focus exclusively on premium products, operating in all segments we are able to authentically cover with our three brands. The BMW Group will remain active in all markets promising ongoing growth of the premium segments. In particular, however, the BMW Group seeks to remain one of the most profitable companies also in future. In other words, we do not just wish to grow in quantitative terms instead, we are looking above all at the qualitative side of our business, acting accordingly in our entrepreneurial decisions. In this process we are applying two levers at the same time: 1. We offer our customers emotional products, which, through the strength of the brand and the substance of the products, fulfil the customer's wish for individualisation and differentiation. The BMW Group will never build boring products. 2. To successfully pursue our strategy, we have a highly effective corporate organisation with highly efficient and agile processes. We will continue to work as efficiently as possible in future on all stages of the value creation chain operating consistently in the overall process from Development through Production all the way to Sales.

8 Page 8 To put it in a nutshell, we have high-performance products built and supported by high-performance associates in a high-performance organisation and it is precisely this coherence that extends throughout all levels of the Company, creating and maintaining our success. We do not need austerity programmes grafted on to our regular organisation, since we strive consistently from the start to improve our efficiency. It is part of our corporate culture to permanently review our organisation and our processes, looking for potential improvements as we go along. We pursue a forwardlooking, forward-moving policy. We continue to make investments and we are consistently expanding our operations and activities. Ladies and Gentlemen, The BMW Group will maintain its objective to be one of the most profitable companies. And we are convinced that we will be successful in reaching this objective for a number of reasons: We know our strengths and we are pursuing the right strategy. We have clear objectives. We have the right tools. And we use these tools consistently. We know what we are able to achieve and what strengths we have. Precisely this is what made us successful in And it is also why we will remain successful in 2004, further strengthening our position in future versus the competition. The BMW Group remains on a successful course. Thank you very much for your attention.

BMW Group Corporate and Governmental Affairs

BMW Group Corporate and Governmental Affairs 3 November 2010 - Please check against delivery - Statement by Dr. Norbert Reithofer Chairman of the Board of Management of BMW AG 3 November 2010, 10:00 a.m. Good morning, Ladies and Gentlemen! The BMW

More information

Corporate Communications. Media Information 15 March 2011

Corporate Communications. Media Information 15 March 2011 15 March 2011 BMW Group aims to further increase earnings in 2011 EBIT margin of over 8% expected in Automobiles segment Sales volume of well in excess of 1.5 million vehicles targeted Margin of 8% to

More information

Statement Dr. Norbert Reithofer Chairman of the Board of Management of BMW AG Conference Call Interim Report to 30 June August 2014, 10:00 a.m.

Statement Dr. Norbert Reithofer Chairman of the Board of Management of BMW AG Conference Call Interim Report to 30 June August 2014, 10:00 a.m. - Check against delivery - Statement Dr. Norbert Reithofer Chairman of the Board of Management of BMW AG Conference Call Interim Report to 30 June 2014, 10:00 a.m. Ladies and Gentlemen! Since July, Europe

More information

BMW Group Investor Relations.

BMW Group Investor Relations. Capital Markets Day China 2010 Beijing September 16, 2010 - Please check against delivery - Statement by Dr. Friedrich Eichiner Member of the Board of Management of BMW AG, Finance Capital Markets Day

More information

Klaus Fröhlich Member of the Board of Management of BMW AG, Development. Oliver Zipse Member of the Board of Management of BMW AG, Production

Klaus Fröhlich Member of the Board of Management of BMW AG, Development. Oliver Zipse Member of the Board of Management of BMW AG, Production Media Information - Check against delivery - Klaus Fröhlich Member of the Board of Management of BMW AG, Development Oliver Zipse Member of the Board of Management of BMW AG, Production BMW Group Press

More information

Statement Harald Krüger Chairman of the Board of Management of BMW AG Conference Call Interim Report to 31 March May 2018, 10:00 a.m.

Statement Harald Krüger Chairman of the Board of Management of BMW AG Conference Call Interim Report to 31 March May 2018, 10:00 a.m. Media Information - Check against delivery - Statement Harald Krüger Chairman of the Board of Management of BMW AG Conference Call Interim Report to 31 March 2018, 10:00 a.m. CEDT Good morning, Ladies

More information

Corporate Communications. Media Information 2 August Check against delivery - Ladies and Gentlemen,

Corporate Communications. Media Information 2 August Check against delivery - Ladies and Gentlemen, Media Information - Check against delivery - Statement Dr. Nicolas Peter Member of the Board of Management of BMW AG, Finance Conference Call Interim Report to 30 June 2018, 10:00 a.m. CEDT Ladies and

More information

Statement Harald Krüger Chairman of the Board of Management of BMW AG Conference Call Interim Report to 30 September November 2016, 10:00 a.m.

Statement Harald Krüger Chairman of the Board of Management of BMW AG Conference Call Interim Report to 30 September November 2016, 10:00 a.m. Media Information - Check against delivery - Statement Harald Krüger Chairman of the Board of Management of BMW AG Conference Call Interim Report to 30 September 2016, 10:00 a.m. Good morning, ladies and

More information

Statement Dr. Norbert Reithofer Chairman of the Board of Management of BMW AG Conference Call Interim Report to 30 June August 2013, 10:00 a.m.

Statement Dr. Norbert Reithofer Chairman of the Board of Management of BMW AG Conference Call Interim Report to 30 June August 2013, 10:00 a.m. - Check against delivery - Statement Dr. Norbert Reithofer Chairman of the Board of Management of BMW AG Conference Call Interim Report to 30 June 2013, 10:00 a.m. Good morning, Ladies and Gentlemen, Today

More information

Corporate Communications. Press Release 13 March 2012

Corporate Communications. Press Release 13 March 2012 13 March 2012 BMW Group targets another record year in 2012 New highs forecast for sales volume and earnings EBIT margin of 8 to 10% targeted in Automotive segment Sales volume of over two million vehicles

More information

Corporate Communications. Media Information 7 November Check against delivery - Ladies and Gentlemen,

Corporate Communications. Media Information 7 November Check against delivery - Ladies and Gentlemen, Media Information - Check against delivery - Statement Dr. Nicolas Peter Member of the Board of Management of BMW AG, Finance Conference Call Interim Report to 30 September 2017, 10:00 a.m. CET Good morning

More information

Corporate Communications

Corporate Communications - Check against delivery - Statement Dr. Norbert Reithofer Chairman of the Board of Management of BMW AG Annual Accounts Press Conference for the Business Year 2013 Good morning, Ladies and Gentlemen!

More information

BMW Group posts record earnings for 2010

BMW Group posts record earnings for 2010 10.03.2011 BMW Group posts record earnings for 2010 Profit before tax rises to euro 4,836 million Profit before financial result climbs to euro 5,094 million Automobiles segment reports EBIT of euro 4,355

More information

BMW Group Corporate Communications

BMW Group Corporate Communications 14 March 2007 BMW Group to continue its successful course in 2007 Best year in company s history expected in operating terms Sales volume expected to rise to new record level Munich. The BMW Group plans

More information

Statement Harald Krüger Chairman of the Board of Management of BMW AG Conference Call Interim Report to 30 June August 2017, 10:00 a.m.

Statement Harald Krüger Chairman of the Board of Management of BMW AG Conference Call Interim Report to 30 June August 2017, 10:00 a.m. Media Information - Check against delivery - Statement Harald Krüger Chairman of the Board of Management of BMW AG Conference Call Interim Report to 30 June 2017, 10:00 a.m. CEDT Good morning, Ladies and

More information

Dr. Friedrich Eichiner Member of the Board of Management of BMW AG, Finance Annual Accounts Press Conference for the Business Year 2014 March 18, 2015

Dr. Friedrich Eichiner Member of the Board of Management of BMW AG, Finance Annual Accounts Press Conference for the Business Year 2014 March 18, 2015 - Check against delivery - Dr. Friedrich Eichiner Member of the Board of Management of BMW AG, Finance Annual Accounts Press Conference for the Business Year 2014 March 18, 2015 Good morning, Ladies and

More information

Our strategy is paying off and is our guideline for successful and profitable development within a volatile business environment.

Our strategy is paying off and is our guideline for successful and profitable development within a volatile business environment. - Check against delivery - Statement Dr. Norbert Reithofer Chairman of the Board of Management of BMW AG Conference Call Interim Report to 30 September 2011, 10:00 a.m. Good morning, Ladies and Gentlemen!

More information

Page 1 sur 5 17.03.2010 BMW Group plans sharp increase in group earnings Visible progress in 2010 towards profitability targets for 2012 Volume growth in solid single-digit percentage range targeted Munich.

More information

BMW Group Corporate Communications

BMW Group Corporate Communications BMW Group Corporate Communications Media Information 14 March 2007 - Check against delivery - Statement by Dr. Norbert Reithofer, Chairman of the Board of Management of BMW AG, Annual Accounts Press Conference

More information

Harald Krüger Chairman of the Board of Management of BMW AG. Klaus Fröhlich Member of the Board of Management of BMW AG, Development

Harald Krüger Chairman of the Board of Management of BMW AG. Klaus Fröhlich Member of the Board of Management of BMW AG, Development Media Information - Check against delivery - Statements Harald Krüger Chairman of the Board of Management of BMW AG Klaus Fröhlich Member of the Board of Management of BMW AG, Development Dr. Nicolas Peter

More information

Letter to Shareholders for the 2001 Fiscal Year

Letter to Shareholders for the 2001 Fiscal Year Letter to Shareholders for the 2001 Fiscal Year BMW Group Dear Shareholders, The year 2001 was by far the most successful year in the history of the BMW Group. We achieved major milestones in the strategic

More information

Mercedes-Benz is Premium Brand with Strongest Growth in December and Fourth Quarter

Mercedes-Benz is Premium Brand with Strongest Growth in December and Fourth Quarter In the following please find the release of the Mercedes-Benz Cars concerning worldwide vehicles sales in December 2009: Mercedes-Benz is Premium Brand with Strongest Growth in December and Fourth Quarter

More information

To Our Shareholders. Statement of the Chairman of the Board of Management. Harald Krüger. Chairman of the Board of Management

To Our Shareholders. Statement of the Chairman of the Board of Management. Harald Krüger. Chairman of the Board of Management 18 To Our Shareholders Statement of the Chairman of the Board of Management Harald Krüger Chairman of the Board of Management 19 Dear Shareholders, Progress is not possible without change. Change is a

More information

Statement Dr. Norbert Reithofer Chairman of the Board of Management of BMW AG Annual Accounts Press Conference

Statement Dr. Norbert Reithofer Chairman of the Board of Management of BMW AG Annual Accounts Press Conference 13 March 2012 - Check against delivery - Statement Dr. Norbert Reithofer Chairman of the Board of Management of BMW AG Annual Accounts Press Conference 13 March 2012 Good morning, Ladies and Gentlemen!

More information

Member of the Board of Management of BMW AG, Finance

Member of the Board of Management of BMW AG, Finance Statement Dr Friedrich Eichiner Member of the Board of Management of BMW AG, Finance International Press Launch of BMW 5 Series Lisbon, 28 November 2016 I, too, would like to welcome you here today. I

More information

ZF posts record sales in 2017; announces increased research and development activities

ZF posts record sales in 2017; announces increased research and development activities Page 1/5, March 22, 2018 ZF posts record sales in 2017; announces increased research and development activities ZF chief executive officer announces further expansion of research and development activities

More information

Continuity in internationalization: BOGE Rubber & Plastics on track for further growth

Continuity in internationalization: BOGE Rubber & Plastics on track for further growth Page 1/6, 28.04.2017 Automotive supplier reports record sales Continuity in internationalization: BOGE Rubber & Plastics on track for further growth Sales grew by 3.2 percent to EUR 763.4 million in 2016

More information

BOGE Rubber & Plastics achieves record sales and extends its product portfolio with Fiberreinforced rubber-elastic coupling

BOGE Rubber & Plastics achieves record sales and extends its product portfolio with Fiberreinforced rubber-elastic coupling Automotive supplier remains on an expansion course BOGE Rubber & Plastics achieves record sales and extends its product portfolio with Fiberreinforced rubber-elastic coupling Sales grow by 8.6 percent

More information

Dr. Nicolas Peter Member of the Board of Management of BMW AG, Finance

Dr. Nicolas Peter Member of the Board of Management of BMW AG, Finance Media Information - Check against delivery - Statement Dr. Nicolas Peter Member of the Board of Management of BMW AG, BMW Group Strategy Update Munich, Company Bayerische Motoren Werke Aktiengesellschaft

More information

BMW Group Corporate and Governmental Affairs

BMW Group Corporate and Governmental Affairs BMW Group Corporate and Governmental Affairs Media Information 17 March 2010 - Check against delivery - Statement by Dr. Norbert Reithofer Chairman of the Board of Management of BMW AG Annual Accounts

More information

Check against delivery

Check against delivery Axel Strotbek Member of the Board of Management of AUDI AG Finance and Organization Speech at the Annual Press Conference Ingolstadt, March 11, 2014 Check against delivery Ladies and gentlemen, I also

More information

Speech. - Not for release, publication or distribution in the United States, Australia, Canada, or Japan -

Speech. - Not for release, publication or distribution in the United States, Australia, Canada, or Japan - Speech by Matthias Müller Executive Board Member of Porsche Automobil Holding SE Financial Press Conference Analyst Conference in Stuttgart on 17 March 2011 Wire embargoed: Start of speech Convenience

More information

Corporate Communications. Media Information 21 March 2017

Corporate Communications. Media Information 21 March 2017 All-time highs in core business innovation leadership in future mobility BMW Group builds further on success Product offensive: BMW Group to launch 40 new or revised models by end of 2018 Luxury segment:

More information

Volkswagen s strategic realignment is delivering

Volkswagen s strategic realignment is delivering November 30, 2017 Volkswagen s strategic realignment is delivering Brand gives positive interim assessment after one year of TRANSFORM 2025+ Successful start to largest model offensive in the history of

More information

Porsche Group Shareholders Letter for the First Six Months of the Fiscal Year

Porsche Group Shareholders Letter for the First Six Months of the Fiscal Year Porsche Group Shareholders Letter for the First Six Months of the 2005 06 Fiscal Year Dear Shareholders, Porsche s decision to acquire a holding in Volkswagen was a major topic of discussion during the

More information

Third Quarter Report January 1 to September 30, 2008

Third Quarter Report January 1 to September 30, 2008 Third Quarter Report 2008 January 1 to September 30, 2008 Page 2 Third Quarter Report 2008 Audi Group maintains successful course in the third quarter Economic development The global economy saw its growth

More information

New 950 million euro turnover record

New 950 million euro turnover record ENGEL increases its market shares around the world New 950 million euro turnover record Schwertberg, Austria June 2013. ENGEL set a new record in the 2012/2013 financial year by achieving a global turnover

More information

FISCAL YEAR MARCH 2014 FIRST HALF FINANCIAL RESULTS. New Mazda Axela (Overseas name: New Mazda3)

FISCAL YEAR MARCH 2014 FIRST HALF FINANCIAL RESULTS. New Mazda Axela (Overseas name: New Mazda3) FISCAL YEAR MARCH 2014 FIRST HALF FINANCIAL RESULTS New Mazda Axela (Overseas name: New Mazda3) Mazda Motor Corporation October 31, 2013 1 PRESENTATION OUTLINE Highlights Fiscal Year March 2014 First Half

More information

Investor Relations Release

Investor Relations Release ... Investor Relations Release... October 04, 2007 Extraordinary Shareholders' Meeting to Decide on Renaming as Daimler AG Approximately 6,000 shareholders expected in Berlin Dr. Dieter Zetsche, Chairman

More information

Mercedes-Benz: Best Sales Result for the Month of June in Company History Up 13 Percent

Mercedes-Benz: Best Sales Result for the Month of June in Company History Up 13 Percent In the following please find the release of the Mercedes-Benz Cars concerning worldwide vehicles sales in June 2010: Mercedes-Benz: Best Sales Result for the Month of June in Company History Up 13 Percent

More information

Voith Group On a good footing for future growth

Voith Group On a good footing for future growth Voith Group On a good footing for future growth Stuttgart, December 7, 2017 Annual press conference Stuttgart December 7, 2017 Public 1 Contents 1. Where we now stand 1.1 Highlights in the 2016/17 fiscal

More information

Letter to shareholders for the financial year 2002

Letter to shareholders for the financial year 2002 Letter to shareholders for the financial year 2002 Dear Shareholders, The financial year 2002 has again been a very successful one for the BMW Group. Despite the difficult worldwide economic situation,

More information

Investor Relations. September 13, Check against delivery - Welcome Ladies and Gentlemen

Investor Relations. September 13, Check against delivery - Welcome Ladies and Gentlemen September 13, 2011 - Check against delivery - Statement Dr. Norbert Reithofer Chairman of the Board of Management of BMW AG, Dr. Klaus Draeger Member of the Board of Management of BMW AG, Development 64

More information

I remind you that our presentation is available on our website. We can start from the first 2 slides that show Piaggio Group First

I remind you that our presentation is available on our website. We can start from the first 2 slides that show Piaggio Group First CONFERENCE CALL 2009 1 st HALF RESULTS Good afternoon and welcome to everybody. I remind you that our presentation is available on our website. We can start from the first 2 slides that show Piaggio Group

More information

Mercedes-Benz Achieves Best May Sales Figure in its History

Mercedes-Benz Achieves Best May Sales Figure in its History Investor Relations Release In the following please find the release of the Mercedes-Benz Cars concerning worldwide vehicles sales in May 2011: Date: June 6, 2011 Mercedes-Benz Achieves Best May Sales Figure

More information

CAPITAL MARKETS DAY DR FRIEDRICH EICHINER MEMBER OF THE BOARD OF MANAGEMENT OF BMW AG, FINANCE.

CAPITAL MARKETS DAY DR FRIEDRICH EICHINER MEMBER OF THE BOARD OF MANAGEMENT OF BMW AG, FINANCE. March 26, 2015 CAPITAL MARKETS DAY DR FRIEDRICH EICHINER MEMBER OF THE BOARD OF MANAGEMENT OF BMW AG, FINANCE. AGENDA. 1 Financial Status of 2014 2 Chances and Challenges in 2015 3 Towards a strong future

More information

BMW GROUP QUARTERLY REPORT. TO 30 SEPTEMBER 2014

BMW GROUP QUARTERLY REPORT. TO 30 SEPTEMBER 2014 . BMW GROUP QUARTERLY REPORT. TO 30 SEPTEMBER 2014 THE BMW GROUP IS WELL ON TRACK AND PERFORMS IN LINE WITH THE GUIDANCE. The BMW Group is well on track to reach its targets for 2014. Full year guidance

More information

Annual General Meeting Infineon Technologies AG

Annual General Meeting Infineon Technologies AG Annual General Meeting Infineon Technologies AG Peter Bauer, Chief Executive Officer Infineon Technologies AG Munich, February 17, 2011 Infineon is in a better shape than ever before Restructuring Refinancing

More information

Analysis of BMW against Audi and Toyota. Name of student: Admission: Course: Institution: Instructor: Date of Submission:

Analysis of BMW against Audi and Toyota. Name of student: Admission: Course: Institution: Instructor: Date of Submission: Analysis of BMW against Audi and Toyota Name of student: Admission: Course: Institution: Instructor: Date of Submission: 1 BMW, also known as Bayerische Motoren Werke AG, is reckoned as one of the largest

More information

Mazda Motor Corporation June 17, 2011

Mazda Motor Corporation June 17, 2011 FY ENDING MARCH 2012 FINANCIAL FORECAST New MAZDA Demio 13-SKYACTIV Mazda Motor Corporation June 17, 2011 1 PRESENTATION OUTLINE FY ending March 2012 Forecast Updates of Framework for Medium- and Long-term

More information

BMW Group. Today s decisions shape mobility for our customers tomorrow

BMW Group. Today s decisions shape mobility for our customers tomorrow Media Information - Check against delivery - Statement Harald Krüger Chairman of the Board of Management of BMW AG 98 th Annual General Meeting of BMW AG Munich, Olympiahalle,, 10.00 a.m. BMW Group. Today

More information

Kiekert AG Corporate Information A company overview

Kiekert AG Corporate Information A company overview Kiekert AG Corporate Information A company overview Expected total turnover 2017: 880 million Euro Number of employees: 6,500 Production locations: 8: Germany, Czech Republic, Korea, USA, Mexico, China,

More information

Mercedes-Benz continues record-breaking performance more than half a million vehicles sold in four months

Mercedes-Benz continues record-breaking performance more than half a million vehicles sold in four months Investor Relations Release Mercedes-Benz continues record-breaking performance more than half a million vehicles sold in four months May 6, 2014 Mercedes-Benz handed over 133,077 vehicles to customers

More information

FISCAL YEAR MARCH 2014 FINANCIAL RESULTS

FISCAL YEAR MARCH 2014 FINANCIAL RESULTS FISCAL YEAR MARCH 214 FINANCIAL RESULTS Mazda CX-5 Mazda Atenza Mazda Motor Corporation April 25, 214 New Mazda Axela 1 PRESENTATION OUTLINE Highlights Fiscal Year March 214 Results Fiscal Year March 215

More information

New Medium-term Management Plan: Key Business Strategies

New Medium-term Management Plan: Key Business Strategies Special Report 1 New Medium-term Management Plan: Key Business Strategies Motorcycle Business in Developed Nations (Japan, North America and Europe) Reforming the Structure to Enable Profitability and

More information

BMW Group Investor Relations

BMW Group Investor Relations BMW Group Investor Relations Statement Dr. Klaus Draeger, Member of the Board of Management of BMW AG Remarks on BMW EfficientDynamics and diesel technology 16 April 2008, Greenville/ Spartanburg - Check

More information

Q1/2008 operating profit: up 43 percent from 318 million a year ago to 455 million Q1 sales increase of 16 percent to 3.8 billion

Q1/2008 operating profit: up 43 percent from 318 million a year ago to 455 million Q1 sales increase of 16 percent to 3.8 billion MAN AG The MAN Group in Q1/2008 Solid start in anniversary year Munich, April 25, 2008 Q1/2008 operating profit: up 43 percent from 318 million a year ago to 455 million Q1 sales increase of 16 percent

More information

FISCAL YEAR END MARCH 2013 FIRST QUARTER FINANCIAL RESULTS

FISCAL YEAR END MARCH 2013 FIRST QUARTER FINANCIAL RESULTS FISCAL YEAR END MARCH 213 FIRST QUARTER FINANCIAL RESULTS New MAZDA CX-5 Mazda Motor Corporation July 31, 212 1 PRESENTATION OUTLINE Highlights Fiscal Year End March 213 Results Update of Structural Reform

More information

Valeo reports 14% growth in consolidated sales for third quarter 2011

Valeo reports 14% growth in consolidated sales for third quarter 2011 24.11 Valeo reports 14 growth in consolidated sales for third quarter 2011 Third quarter 2011-14 growth in consolidated sales (12 on a like-for-like basis 1 ) to 2,662 million euros - 17 growth in original

More information

FISCAL YEAR MARCH 2015 FIRST QUARTER FINANCIAL RESULTS. Mazda Roadster 25 th Anniversary Model

FISCAL YEAR MARCH 2015 FIRST QUARTER FINANCIAL RESULTS. Mazda Roadster 25 th Anniversary Model FISCAL YEAR MARCH 2015 FIRST QUARTER FINANCIAL RESULTS Mazda Roadster 25 th Anniversary Model Mazda Motor Corporation July 31, 2014 1 PRESENTATION OUTLINE Highlights Fiscal Year March 2015 First Quarter

More information

FISCAL YEAR MARCH 2015 FIRST HALF FINANCIAL RESULTS. New Mazda Demio

FISCAL YEAR MARCH 2015 FIRST HALF FINANCIAL RESULTS. New Mazda Demio FISCAL YEAR MARCH 2015 FIRST HALF FINANCIAL RESULTS New Mazda Demio Mazda Motor Corporation October 31, 2014 1 PRESENTATION OUTLINE Highlights Fiscal Year March 2015 First Half Results Fiscal Year March

More information

Annual Press Conference

Annual Press Conference Annual Press Conference Stuttgart, 16 December 2016 Prof. Dr. Michael Kaschke President & Chief Executive Officer Thomas Spitzenpfeil Chief Financial Officer ZEISS Group, 2015/16 Annual Press Conference

More information

Mercedes-Benz continues upswing in August with sales increase of 7.9 percent

Mercedes-Benz continues upswing in August with sales increase of 7.9 percent Investor Relations Release In the following, please find the release of Mercedes-Benz Cars concerning worldwide vehicle sales in August 2011: Date: September 5, 2011 Mercedes-Benz continues upswing in

More information

Embargoed until: March 5, 2019, 7 a.m. CET. Key Financial Data: January 1 to December 31, Evonik more robust as strategy takes effect

Embargoed until: March 5, 2019, 7 a.m. CET. Key Financial Data: January 1 to December 31, Evonik more robust as strategy takes effect Embargoed until: March 5, 2019, 7 a.m. CET Key Financial Data: January 1 to December 31, Evonik more robust as strategy takes effect Promised and delivered: adjusted EBITDA climbs to 2.6 billion rise 4

More information

ADP!AALTO FULL SPEED AHEAD! A presentation to the CEO of Harley Davidson 1/10/2019. Matti Karjalainen Patrick Timmer Lauri Hanninen Tommi Bergstrom

ADP!AALTO FULL SPEED AHEAD! A presentation to the CEO of Harley Davidson 1/10/2019. Matti Karjalainen Patrick Timmer Lauri Hanninen Tommi Bergstrom DISRUPTION ADP!AALTO PARTNERS FULL SPEED AHEAD! A presentation to the CEO of Harley Davidson 1/10/2019 Matti Karjalainen Patrick Timmer Lauri Hanninen Tommi Bergstrom Executive Summary How to Maintain

More information

Mercedes-Benz sells 97,327 vehicles in July worldwide

Mercedes-Benz sells 97,327 vehicles in July worldwide In the following please find the release of the Mercedes-Benz Cars concerning worldwide vehicles sales in July 2012: Mercedes-Benz sells 97,327 vehicles in July worldwide Investor Relations Release Date:

More information

Closer Ties to the Customer

Closer Ties to the Customer Closer Ties to the Customer EVEN THE BEST PRODUCT CAN T SELL ITSELF; SALES IS THE PLACE WHERE THE ONE-TO-ONE CONNECTION IS MADE WITH THE CUSTOMER. NISSAN S NEW RANGE OF EXCITING, ATTRACTIVE PRODUCT CAN

More information

Q SALES Strong organic growth, confirmed momentum. October 12, 2017

Q SALES Strong organic growth, confirmed momentum. October 12, 2017 Q3 2017 SALES Strong organic growth, confirmed momentum October 12, 2017 Q3 2017 Sales Key facts Sales Since January 1, 2017, Faurecia reports on value-added sales, which are total sales less monolith

More information

Evonik Corporate Venturing. Dr. Jürgen Finke Ecosummit 2012, Neuss November 14, 2012

Evonik Corporate Venturing. Dr. Jürgen Finke Ecosummit 2012, Neuss November 14, 2012 Evonik Corporate Venturing Dr. Jürgen Finke Ecosummit 2012, Neuss November 14, 2012 Focus on specialty chemicals Evonik is one of the global leaders in specialty chemicals Strong integrated technology

More information

How to make urban mobility clean and green

How to make urban mobility clean and green POLICY BRIEF Decarbonising Transport Initiative How to make urban mobility clean and green The most effective way to decarbonise urban passenger transport? Shared vehicles, powered by clean electricity,

More information

Respect for customers, partners and staff. Service: another name for the respect that a company owes its customers, partners and staff.

Respect for customers, partners and staff. Service: another name for the respect that a company owes its customers, partners and staff. Respect for customers, partners and staff Service: another name for the respect that a company owes its customers, partners and staff. Vehicle glass KEY FIGURES (in EUR million) 2004 2003 % change Total

More information

Third Quarter Report January 1 to September 30, 2009

Third Quarter Report January 1 to September 30, 2009 Third Quarter Report 2009 January 1 to September 30, 2009 Page 2 Third Quarter Report 2009 The Audi Group is once again highly competitive ECONOMIC DEVELOPMENT The decline in global economic output came

More information

FISCAL YEAR ENDED MARCH 2011 FINANCIAL RESULTS

FISCAL YEAR ENDED MARCH 2011 FINANCIAL RESULTS FISCAL YEAR ENDED MARCH 211 FINANCIAL RESULTS Mazda Motor Corporation April 28, 211 Mazda MINAGI 1 PRESENTATION OUTLINE Highlights Fiscal Year Ended March 211 Results In Summary Question & Answer Session

More information

Mercedes-Benz Starts Second Half of 2011 with Record Sales

Mercedes-Benz Starts Second Half of 2011 with Record Sales Investor Relations Release In the following please find the release of the Mercedes-Benz Cars concerning worldwide vehicles sales in July 2011: Date: August 3, 2011 Mercedes-Benz Starts Second Half of

More information

Harald Krüger Chairman of the Board of Management of BMW AG. Dr. Nicolas Peter Member of the Board of Management of BMW AG, Finance

Harald Krüger Chairman of the Board of Management of BMW AG. Dr. Nicolas Peter Member of the Board of Management of BMW AG, Finance Media Information - Check against delivery - Statements Harald Krüger Chairman of the Board of Management of BMW AG Dr. Nicolas Peter Member of the Board of Management of BMW AG, Finance BMW Group Annual

More information

FISCAL YEAR END MARCH 2013 FIRST HALF FINANCIAL RESULTS. New Mazda6 (Atenza)

FISCAL YEAR END MARCH 2013 FIRST HALF FINANCIAL RESULTS. New Mazda6 (Atenza) FISCAL YEAR END MARCH 2013 FIRST HALF FINANCIAL RESULTS New Mazda6 (Atenza) Mazda Motor Corporation October 31, 2012 1 PRESENTATION OUTLINE Highlights Fiscal Year March 2013 First Half Results Fiscal Year

More information

FISCAL YEAR MARCH 2018 FIRST QUARTER FINANCIAL RESULTS

FISCAL YEAR MARCH 2018 FIRST QUARTER FINANCIAL RESULTS FISCAL YEAR MARCH 2018 FIRST QUARTER FINANCIAL RESULTS PRESENTATION OUTLINE Highlights Fiscal Year March 2018 First Quarter Results Fiscal Year March 2018 Full Year Forecast Structural Reform Stage 2 Progress

More information

Decommissioning in 2019

Decommissioning in 2019 The statements may be used as a basis for quotes. Mühleberg Nuclear Power Plant Decommissioning in 2019 Address by Suzanne Thoma, CEO of BKW Inc., to the Media Conference on 30 October 2013 Ladies and

More information

GROUP PRESENTATION. Milan, March 27 th &28 th 2012 SOGEFI GROUP

GROUP PRESENTATION. Milan, March 27 th &28 th 2012 SOGEFI GROUP GROUP PRESENTATION Milan, March 27 th &28 th 2012 1 PARIS, March OCTOBER 27 & 28 2012 11th WORLD LEADER Sogefi is a world leader in the design and manufacturing of engine filtration, air intake and cooling

More information

FISCAL YEAR MARCH 2015 THIRD QUARTER FINANCIAL RESULTS. Updated Mazda CX-5 (Japanese specification model)

FISCAL YEAR MARCH 2015 THIRD QUARTER FINANCIAL RESULTS. Updated Mazda CX-5 (Japanese specification model) FISCAL YEAR MARCH 2015 THIRD QUARTER FINANCIAL RESULTS Updated Mazda CX-5 (Japanese specification model) Mazda Motor Corporation February 4, 2015 1 PRESENTATION OUTLINE Highlights Fiscal Year March 2015

More information

April 27, 2012 (For your information) Mazda Motor Corporation FISCAL YEAR ENDING MARCH 2012 FINANCIAL RESULTS (Speech Outline)

April 27, 2012 (For your information) Mazda Motor Corporation FISCAL YEAR ENDING MARCH 2012 FINANCIAL RESULTS (Speech Outline) April 27, 2012 (For your information) Mazda Motor Corporation FISCAL YEAR ENDING MARCH 2012 FINANCIAL RESULTS (Speech Outline) Representative Director, Chairman of the Board, President and CEO Takashi

More information

I m Tetsuji Yamanishi, Corporate Officer at TDK. Thank you for taking the time to attend TDK s performance briefing for the fiscal year ended March

I m Tetsuji Yamanishi, Corporate Officer at TDK. Thank you for taking the time to attend TDK s performance briefing for the fiscal year ended March I m Tetsuji Yamanishi, Corporate Officer at TDK. Thank you for taking the time to attend TDK s performance briefing for the fiscal year ended March 2016. I will be presenting an overview of our consolidated

More information

FISCAL YEAR MARCH 2015 FINANCIAL RESULTS. New Mazda CX-3 (Japanese specification model)

FISCAL YEAR MARCH 2015 FINANCIAL RESULTS. New Mazda CX-3 (Japanese specification model) FISCAL YEAR MARCH 2015 FINANCIAL RESULTS New Mazda CX-3 (Japanese specification model) Mazda Motor Corporation April 24, 2015 1 PRESENTATION OUTLINE Highlights Fiscal Year March 2015 Results Fiscal Year

More information

Growth strategies of Russian truck manufacturers on global markets

Growth strategies of Russian truck manufacturers on global markets Growth strategies of Russian truck manufacturers on global markets Lecture by Sergey A. Kogogin Director General, KAMAZ Inc. Ladies and gentlemen, The subject I d like to discuss today is the «Growth Strategies

More information

BMW Group. Financial Analysts Meeting.

BMW Group. Financial Analysts Meeting. BMW Group. Financial Analysts Meeting. 15 March 2007 Dr. Norbert Reithofer Chairman of the Board of Management of BMW AG BMW Group Financial Analysts' Meeting. Business year 2006. 1. The world s leading

More information

BMW Group THE NEXT 100 YEARS: Passionate about the future

BMW Group THE NEXT 100 YEARS: Passionate about the future Media Information - Check against delivery - Statement Harald Krüger Chairman of the Board of Management of BMW AG 97 th Annual General Meeting of BMW AG Munich, Olympiahalle,, 10.00 a.m. BMW Group THE

More information

Motorcycles. Overview of Operations

Motorcycles. Overview of Operations Overview of Operations Operating Performance Motorcycles Motorcycle sales rose 88.9 billion in 2010, or 10.9, from 2009 to 906.0 billion, and accounted for 70.0 of net sales. Operating income grew 46.9

More information

BASF Color Report 2018 for Automotive OEM Coatings Asia Pacific

BASF Color Report 2018 for Automotive OEM Coatings Asia Pacific BASF Color Report 2018 for Automotive OEM Coatings Asia Pacific BASF Color Report 2018 for Automotive OEM Coatings Asia Pacific New mobility focus raises attention for blue In the Asia Pacific market,

More information

First Quarter Report January 1 to March 31, 2008

First Quarter Report January 1 to March 31, 2008 First Quarter Report 2008 January 1 to March 31, 2008 Page 2 2008 First Quarter Report Audi Group posts successful first quarter Debuts for Audi A4 Avant, Audi TTS, Audi TT 2.0 TDI quattro and Audi Q7

More information

ANNUAL ACCOUNTS PRESS CONFERENCE

ANNUAL ACCOUNTS PRESS CONFERENCE ANNUAL ACCOUNTS PRESS CONFERENCE LANGUAGE CHANNELS. Channel Language Channel (translation) Language (translation) Channel 1 German Kanal 1 Deutsch Channel 2 English Channel 2 English Channel 3 French Canal

More information

First in Mind First in Choice. Capital Markets Day 2006 Gunnar Brock, President and CEO

First in Mind First in Choice. Capital Markets Day 2006 Gunnar Brock, President and CEO First in Mind First in Choice Capital Markets Day 26 Gunnar Brock, President and CEO 1 December 4, 26 www.atlascopco.com Atlas Copco in a Snapshot Continuing operations A world leading provider of industrial

More information

M.M. Warburg Fieldtrip. September 14th, Anton Poll. Head of Financial Communication/ Analysis, AUDI AG

M.M. Warburg Fieldtrip. September 14th, Anton Poll. Head of Financial Communication/ Analysis, AUDI AG M.M. Warburg Fieldtrip September 14th, 2017 Anton Poll Head of Financial Communication/ Analysis, AUDI AG Markets Financials Outlook The Audi brand comes from a unique growth story in units during the

More information

FISCAL YEAR ENDING MARCH 2012 FIRST HALF FINANCIAL RESULTS

FISCAL YEAR ENDING MARCH 2012 FIRST HALF FINANCIAL RESULTS FISCAL YEAR ENDING MARCH 2012 FIRST HALF FINANCIAL RESULTS Mazda Motor Corporation November 2, 2011 New Mazda CX-5 (European specifications) 1 PRESENTATION OUTLINE Highlights Fiscal Year Ending March 2012

More information

TOD S S.p.A. Group s sales totalled million Euros in FY 2018 (958.2 million at constant rates)

TOD S S.p.A. Group s sales totalled million Euros in FY 2018 (958.2 million at constant rates) Milan January 23 rd, 2019 TOD S S.p.A. Group s sales totalled 940.4 million Euros in (958.2 million at constant rates) The Board of Directors approved preliminary sales figures The Board of Directors of

More information

Over the past financial year our businesses have continued to develop based. on the recovery experienced in 2002/03. Operating profit improved in most

Over the past financial year our businesses have continued to develop based. on the recovery experienced in 2002/03. Operating profit improved in most Chairman s Statement Right Victor Lo Chairman & Chief Executive Left Andrew Ng Vice Chairman INTRODUCTION Over the past financial year our businesses have continued to develop based on the recovery experienced

More information

EBIT of 2,581 million in second quarter of 2011

EBIT of 2,581 million in second quarter of 2011 Investor Relations Release Daimler's earnings at a record level: Date: July 27, 2011 EBIT of 2,581 million in second quarter of 2011 Net profit of 1,704 million (Q2 2010: 1,312 million) Second-quarter

More information

Dr. Dieter Zetsche at the Annual Shareholders Meeting: Growth and efficiency: Daimler is staying the course.

Dr. Dieter Zetsche at the Annual Shareholders Meeting: Growth and efficiency: Daimler is staying the course. Investor Relations Release Dr. Dieter Zetsche at the Annual Shareholders Meeting: Growth and efficiency: Daimler is staying the course. April 10, 2013 Affirmation of long-term strategy and goals Start

More information

Keynote from Andreas Renschler, CEO Volkswagen Truck & Bus GmbH and Yoshio Shimo, President & CEO Hino Motors Ltd.

Keynote from Andreas Renschler, CEO Volkswagen Truck & Bus GmbH and Yoshio Shimo, President & CEO Hino Motors Ltd. Keynote from Andreas Renschler, CEO Volkswagen Truck & Bus GmbH and Yoshio Shimo, President & CEO Hino Motors Ltd.. THE SPOKEN WORD PREVAILS Tokyo, 12.04.2018 Good afternoon. I am Yoshio Shimo, President

More information

ANALYST AND INVESTOR CONFERENCE 2015 BMW MOTORRAD

ANALYST AND INVESTOR CONFERENCE 2015 BMW MOTORRAD Stephan Schaller, President BMW Motorrad March 19, 2015 ANALYST AND INVESTOR CONFERENCE 2015 BMW MOTORRAD THE MOTORCYCLE MARKET >500 CCM HAS BEEN CUT IN HALF DURING THE LAST SEVEN YEARS. OUR MARKET SHARE

More information

Integrating R&D, innovation and technology management GPCA R&I Summit

Integrating R&D, innovation and technology management GPCA R&I Summit Integrating R&D, innovation and technology management GPCA R&I Summit Dr. Ulrich Kuesthardt (Chief Innovation Officer) Bahrain, March 9, 2017 1 Evonik is a dynamic company that focuses on speciality chemicals

More information