BMW 2005 Annual Report Download - page 152
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5
creases in sales volume. In doing so, we ultimately attained our goal
of generating approximately the same high level of earnings in 2005
as in the previous year, which had been the best in the Company’s
history. With a profit before tax of euro 3,287 million and a net profit
of euro 2,239 million, the BMW Group achieved two of its best values
ever and thus also demonstrated its operating strength in a difficult
economic environment.
In 2005, we once again established a new record in sales volume in
the Automobiles segment – for the fourth time in succession. As a
result of the successful implementation of our product initiative,
motorcycle sales rose significantly last year, thus putting the Motor-
cycles segment back on course for growth. The Financial Services
segment continues to develop strongly, the number of contracts
in place and the volume of business again recorded double-figure
percentage growth in 2005. These examples all demonstrate the
BMW Group’s success. Most of the credit for this goes to the
Company’s employees whom I wish to thank explicitly, on behalf of
the entire Board of Management, for their commitment. In 2005,
probably more than ever before, they did everything they could
to ensure that the Company achieved its ambitious target for the
year. The dealer network and our Company’s business partners
also deserve credit, for their investment and their entrepreneurial
approach
contributed decisively to the BMW Group’s success.
Today, the BMW Group holds a position of extraordinary economic
strength – not only among the German automobile manufacturers.
This is due to continuing strong demand for BMW Group vehicles.
This cannot be taken for granted.Therefore I wish also to thank our
customers, whose trust in our products has enabled us to be suc-
cessful. Last year we became segment leaders worldwide with
the
BMW 3, 5 and 7 Series, the core model series of the BMW brand.
In