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BMW Group Reports Profitability In Line With Expectations For First Quarter Of 2025
The BMW Group has reported pre-tax earnings of over €3.1 billion, with a Group EBT margin of 9.2%. The Automotive Segment achieved an EBIT margin of 6.9%, aligning with the upper end of its full-year guidance. Battery electric vehicles (BEVs) continue to be the primary growth driver, showing a 32.4% increase. Over a quarter of all vehicles delivered in Q1 were electrified.
In the first quarter of 2025, BMW delivered 586,117 premium vehicles globally, marking a slight decline of 1.4% compared to the previous year. Notably, more than 26.9% of these deliveries were electrified vehicles, with fully-electric models experiencing significant sales growth at +32.4%. The Automotive Segment's EBIT margin stood at 6.9%, reaching the higher end of the targeted range for the year.
Despite intense competition in China, BMW's global deliveries remained stable with only a slight decrease of 1.4%. In key markets like Europe and the US, growth was recorded at +6.2% and +4.0%, respectively. The BMW brand delivered 520,121 vehicles worldwide, surpassing last year's volume in all regions except China.
The new BMW 5 Series models saw a remarkable growth of +35.8%, while the BMW X1 and X2 variants increased by +31.8%. The BMW M brand also experienced solid sales growth of +5.0%, delivering 50,500 vehicles to customers driven by high demand for models like BMW M3 and M5 across all regions.
BMW Group's revenues for Q1 totalled €33,758 million, reflecting a decrease from last year due to competitive pressures in China and currency adjustments. Pre-tax earnings (EBT) were reported at €3,113 million, down by 25.2% compared to the previous year.
The Automotive Segment earned revenues of €29,211 million despite challenges from anti-subsidy tariffs on BEVs produced in China introduced by the European Commission in October. These tariffs increased sales costs as anticipated.
Investment in Innovation and Sustainability
The company allocated €1,984 million towards research and development in Q1 focusing on electrification and digitalisation across all model series. This investment supports future models like NEUE KLASSE and successors to BMW X5 and X7.
"The BMW Group stands for long-term growth," said Walter Mertl from BMW AG Finance during a quarterly conference call in Munich. "Stable financial performance characterised Q1 despite challenges."
Outlook for Future Growth
The International Monetary Fund (IMF) revised its global economic growth forecast downwards to 2.8% in April 2025 due to trade conflicts potentially affecting inflation rates globally.
The automotive markets are expected to see slight growth driven by stabilising inflation rates alongside moderate interest rate cuts anticipated throughout many markets worldwide during this period according to sector forecasts provided by analysts monitoring these trends closely over timeframes considered relevant here today too!
BMW anticipates slight sales growth with fully-electric vehicles contributing more significantly towards overall delivery numbers moving forward into next year based upon current projections available now regarding future demand levels expected across various regions globally where they operate today already successfully meeting customer needs effectively through innovative product offerings tailored specifically towards individual preferences wherever possible given existing constraints faced currently within industry sectors involved here today too!
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