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BMW Concepts BMW Cars MINI
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1998 - 2007 Copyright & |
BMW AG, Munich, Germany
source: BMW Annual Reports
2005 In 2005 the BMW Group continued to perform successfully and was able to achieve the targets communicated since the beginning of the year. As a result of the significant sales volume increase and on-going efficiency improvement measures, the negative impact of adverse currency effects and high raw material prices was almost completely offset by the year-end. The profit before tax for 2005, at euro 3,287 million, was, as predicted, approximately at the same high level as in the previous year (2004: euro 3,583 million/-8.3%). During the past year, the BMW Group has once again been able to prove its inherent strength, despite the difficult conditions facing the worldwide automobile industry and a fair value loss recognized on the exchangeable bond option on the shares of Rolls Royce plc, London held by the BMW Group. The increase in the share price of the engine manufacturer resulted in a non-cash expense of euro 356 million being recorded in 2005. The profit before financial result and taxes (EBIT) increased by 0.5% to a new record level of euro 3,793 (2004: euro 3,774 million). In the aircraft engines business BMW was in a joint venture with Rolls-Royce. This relation supported BMW to acquire the rights for using the brand name of Rolls Royce from 2003 on, for which BMW paid £ 40 Mill. In the beginning of 2000 the aircraft engine division was sold. Rolls-Royce Project: New Rolls-Royce Manufacturing Plant and Head Office project ready for planning application. Related sales figures Related Reports: Related Topics: |
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