BMW Financial Services achieved a 16.8% year-on-year increase in revenue in the first quarter of 2017, according to BMW Group’s quarterly results.

The German captive generated €7.05bn (£6bn) in revenue in Q1 2017, compared to €6.03bn over the same period last year. BMW FS’ profit before tax also rose in the first quarter of this year, increasing 4.4% year-on-year to reach €595m.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Overall, BMW Group achieved a 26.9% year-on-year increase in pre-tax profit in the first quarter of 2017, generating €3bn (£25.5bn) in profit before tax in Q1 17, compared to €2.37bn over the same period last year. Group profit before tax rose by 26.9% year-on-year to €3bn in Q1 2017.

BMW’s car sales rose 5.3% year-on-year in Q1, reaching 587,237 units, compared to 557,605 units in the first quarter of 2016. Revenues also rose, reaching €20.7bn, an increase of 10% year-on-year.

By brand, BMW, Mini, and Rolls-Royce all posted increases in sales and production volume, with total group automotive production increasing by 11.7% year-on-year to 647,929 units.

By region, BMW’s sales in Europe increased by 8.1% year-on-year in the first three months of the year, to reach 267,996 units.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The results were pushed by strong growth in some of Europe’s largest car markets, with double-digit growth in Italy of 11.6%, and gains of 7.9% by in Spain.

BMW’s domestic market of Germany saw 6.7% growth while France and the UK increased their purchases of BMW vehicles by 5.1%, and 6.2% respectively.