German carmaker BMW, which owns the BMW, Mini and Rolls-Royce brands, made a profit of 9.551 million euros between January and September, a decline of 41.1% compared to the same period last year, it announced on Friday.
This decline is mainly due to the results of the first half of the year, as if we had only analyzed the third quarter, the decline in profits would have been much less pronounced. In the period between July and September, BMW made profits of 2,931 million euros, 7.7% less than in the third quarter of 2022.
The results for the first six months of the year were affected by the fundamental effect, as the company’s net results between January and June last year benefited from exceptional revenues of €7,700 million as a result of a rise in its stake in BBA.
The group’s revenues grew 9.2% in the first nine months of 2023, to 112.5 billion euros.
BMW highlights sales of its electric cars – from its own brand – which rose by 119% to about 217,000 units as of last September. Small electric cars grew by 1.8%.
Overall, BMW sales were up 5.7% during September (to 1.6 million units), Mini sales were up 0.7% (210,000 cars) and Rolls-Royce sales were down 3.1% (4,555 cars).
By country, Italy and the UK were the markets where the brand achieved the greatest growth (21% and 20% respectively).