BMW Group Shines at Annual Conference: Sets Sights on Electrified Future and Robust Growth

On March 21, 2024, in Munich, BMW Group heralded its commitment to further growth and innovation at its annual conference, building on a triumphant 2023. Last year marked a milestone with the Automotive Segment reporting its highest-ever operating results, fueling aspirations for a prosperous financial year ahead. The spotlight shines on fully electric vehicles (BEVs) and premium models as the twin engines driving 2024’s ambitions, promising significant double-digit growth.

Chairman Oliver Zipse conveyed the group’s resilience amid challenging conditions, emphasizing a steadfast strategy and innovative product lineup as cornerstones for future success. 2023's achievements showcased BMW Group's prowess, with a record 2,554,183 premium vehicles delivered, a testament to its leadership in the global premium segment.

Financially, 2023 was stellar, with group revenues climbing to €155,498 million, and EBIT soaring by 32% to €18,482 million, illustrating a robust operating performance. Investment in R&D and capital expenditure is poised to peak in 2024, focusing on electrification and digital innovation, highlighting BMW's commitment to a sustainable future. Notably, BMW’s e-mobility leadership was underscored by the sale of over 375,000 fully-electric vehicles in 2023, outpacing competitors and cementing its role as an e-mobility pioneer.

Looking forward, BMW Group anticipates a slight uptick in deliveries for 2024, with electric vehicles playing a crucial role. The upcoming Neue Klasse models promise to invigorate BMW’s lineup, steering the group towards a future defined by innovation, sustainability, and profitability.