BMW 2013 Annual Report Download - page 27
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27 COMBINED MANAGEMENT REPORT
In the following section, as part of our review of
operations and the financial condition of the BMW
Group, we report on the principal financial and non-
financial performance indicators utilised to manage
the business.
BMW Group
Profit before tax
The BMW Group continued to chart a successful course
in 2013 and – thanks to the sharp rise in the number
of vehicles sold – recorded its best pre-tax profit to date.
Despite increased levels of expenditure for future
tech-
nologies, intense competition and higher personnel
expenses, Group profit before tax rose by 1.4 % to total
€ 7,913 million (2012: € 7,803
3
million). Actual profit
before tax was at a similar level to the previous year and
therefore in line with expectations.
Workforce at end of year1
The workforce increased to 110,351 employees (2012:
105,876; + 4.2 %) over the course of the year, reflecting
the dynamic growth in business and the high pace of
To the extent that the indicators were included in the
previous year’s outlook, we compare them with actual
outcomes in 2013. We comment on the principal per-
formance indicators utilised by the BMW Group and its
segments as follows:
innovation throughout the Group. Qualified staff mem-
bers are required in order to meet strong demand for
our vehicles and develop new technologies, particularly
in the field of electromobility.
Automotive segment
Sales volume
Despite the prevailing volatile environment, deliveries
of BMW, MINI and Rolls-Royce brand vehicles rose by
6.4 % to 1,963,7984 units (2012: 1,845,1864 units). All
Report on Economic Position
Financial and Non-financial Performance Indicators
Comparison of previous year’s forecasts with actual outcomes
Forecast for 2013 Actual outcome
in 2012 Annual Report in 2013
(change)
BMW Group
Profit before tax € million in line with last year’s level 7,913 (+ 1.4 %)
Workforce at end of year1 – 110,351 (+ 4.2 %)
Automotive segment
Sales volume4 units increase in single-digit 1,963,798 (+ 6.4 %)
percentage range
Fleet emissions1, 2 g CO2
/ km – 133
Revenues1 € million – 70,629 (+ 0.6 %)
EBIT margin % 8 –10 9.4
Return on capital employed % > 26 63.3
Motorcycles segment
Sales volume units increase 115,215 (+ 8.3 %)
Return on capital employed1 % – 16.4
Financial Services segment
Return on equity % > 18 20.2
1 Not included in the previous year’s outlook.
2 EU-27.
3 Prior year figures have been adjusted in accordance with the revised version of
IAS 19, see note 7.
4 Includes cars manufactured by the BMW Brilliance joint venture.