BMW 2006 Annual Report Download - page 3

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A portrait of the Company
Bayerische Motoren Werke G.m.b.H. came into
being in1917, having been founded in 1916 as
“Bayerische Flugzeugwerke AG” (BFW); it became
a stock corporation (Aktiengesellschaft) in 1918.
Today, the BMW Group is one of the ten largest
car manufacturers in the world and possesses, with
its BMW, MINI and Rolls-Royce brands, three of the
strongest premium brands in the car industry. The
BMW Group also has a strong market position in the
motorcycle sector and operates successfully in the
area of financial services.
The BMW Group aims to generate profitable
growth and above-average returns by focusing on
the premium segments of the international auto-
mobile markets. With this in mind, a wide-ranging
product and market offensive was initiated back in
2001, which has resulted, over the past years, in
the BMW Group expanding its product range con-
siderably and strengthening its worldwide market
position. The BMW Group will continue in this vein
in the coming years.
BMW Group Revenues
in euro billion
50
45
40
35
30
25
*reclassified after harmonisation of internal and external reporting systems
BMW Group Capital expenditure
in euro million
5,000
4,500
4,000
3,500
3,000
2,500
BMW Group Deliveries of automobiles
in thousand
1,400
1,300
1,200
1,100
1,000
900
BMW Group Profit before tax
in euro million
4,000
3,500
3,000
2,500
2,000
1,500
*adjusted for new accounting treatment of pension obligations
*
02
42.4
03
41.5
04
44.3
05
46.7
06
49.0
02
4,042
03
4,245
04
4,347
05
3,993
06
4,313
06
4,124
05
3,287
04
3,583
03
3,205
02
3,297
*
02
1,057.3
03
1,104.9
04
1,208.7
05
1,328.0
06
1,374.0