BMW 2012 Annual Report Download - page 45

45 COMBINED GROUP AND COMPANY MANAGEMENT REPORT
BMW stock
2012 2011 2010 2009 2008
Common stock
Number of shares in 1,000 601,995 601,995 601,995 601,995 601,995
Stock exchange price in €1
Year-end closing price 72.93 51.76 58.85 31.80 21.61
High 73.76 73.52 64.80 35.94 42.73
Low 53.16 45.04 28.65 17.61 17.04
Preferred stock
Number of shares in 1,000 53,994 53,571 53,163 52,665 52,196
Shares bought back at the reporting date – – – – 363
Stock exchange price in €1
Year-end closing price 48.76 36.55 38.50 23.00 13.86
High 49.23 45.98 41.90 24.79 36.51
Low 35.70 32.01 21.45 11.05 13.00
Key data per share in €
Dividend
Common stock 2.50 2 2.30 1.30 0.30 0.30
Preferred stock 2.52 2 2.32 1.32 0.32 0.32
Earnings per share of common stock3 7.77 7.45 4.91 0.31 0.49
Earnings per share of preferred stock4 7.79 7.47 4.93 0.33 0.51
Cash flow5 13.97 12.37 6 12.45 7.53 6.84
Equity 46.35 41.34 36.53 30.42 30.99
1 Xetra closing prices
2 Proposed by management
3 Annual average weighted amount
4 Stock weighted according to dividend entitlements
5 Cash inflow from operating activities of the Automotive segment.
6 Adjusted for reclassifications as described in note 42.
€ 655,989,413 by the issue of 422,845 new non-voting
shares of preferred stock. This increase was executed
on
the basis of Authorised Capital 2009 in Article 4 (5)
of the Articles of Incorporation. The new shares of pre-
ferred stock carry the same rights as existing shares
of preferred stock. In addition, 60 shares of preferred
stock were also bought back via the stock market.
Top-level ratings
In April 2012 the rating agency Standard & Poor’s
raised BMW AG’s long-term rating from A– (positive
outlook) to A (stable outlook). At the same time, the
short-term rating was also raised by one level from
A-2 to A-1.
The main reasons for the upgrade were strong demand
for premium vehicles, the sharp rise in profitability and
the successful implementation of Strategy Number ONE.
The BMW Group therefore has the best ratings of all
European car manufacturers.
BMW AG’s long-term and short-term ratings had al-
ready been raised by one level in July 2011 by the rating
agency Moody’s from A3 / P-2 to A2 / P-1 with a stable
outlook.
BMW Group is sector leader in the Dow Jones
Sustain ability Index for the eighth year in succession
As in previous years, the BMW Group was included in
numerous sustainability funds and indices in 2012. In
September 2012 the BMW Group was named Sector
Leader in the Dow Jones Sustainability Index World
and Europe for the eighth time in succession. The rating
agency, SAM, which analyses the sustainability per-
formance of companies on behalf of Dow Jones, praised
our state-of the-art innovation management as well as
our clear
commitment to reducing negative environ-
mental impact along the entire value chain. The BMW
Group is the only enterprise in the carmaking sector to
have been represented continuously since the inception
of this family of sustainability indices in 1999. In June