Rolls ROyce and Goodwood go together like a hand in a glove, this year was no different.

Rolls-Royce Motor Cars celebrated a successful Goodwood Festival of Speed over the weekend, with a significant presence throughout the event. The highlights:

Dawn Black Badge

The Festival of Speed served as the perfect staging point for the global unveiling of the Rolls‑Royce Dawn Black Badge. Unveiled in the spectacular setting of the Rolls-Royce display area on the Laundry Green, Dawn Black Badge, flanked by its siblings Wraith Black Badge and Ghost Black Badge, drew huge crowds throughout the weekend.

Dawn Black Badge stands as the most luxurious, social space from which to take in the night air. This most glamorous, uncompromising expression of open-top luxury is given a new and darker sensual dimension through its suite of Black Badge engineering and design treatments. 

The car shown was presented in a deeply intense shade of black, created by the most exhaustive painting and polishing process ever used for a solid paint colour. 

The result clothes Dawn’s lines in the deepest, darkest and most intense black to ever grace a production car surface. The roof, which opens in a ‘Silent Ballet’ to allow in the sounds of the night, is in black canvas, whilst the rear deck is finished in black leather.

Rolls-Royce ‘Sweptail’

Rolls-Royce’s history as the world’s pre-eminent coachbuilder is at the very core of its identity as the world’s most celebrated luxury brand. 

The coachbuilt Rolls-Royce ‘Sweptail’ graced the Festival of Speed in the ‘First Glance’ category, drawing huge crowds whether at rest in the paddock or wafting up the Hillclimb. Inspired by the beautiful coachbuilt Rolls-Royces of the 1920s and 1930s, the patron’s desire was for a coachbuilt two seater coupé featuring a large panoramic glass roof. Rolls-Royce ‘Sweptail’ is a truly magnificent motor car, exuding the romance of travel for its own sake, placing it in the pantheon of the world’s great intercontinental tourers.

Wraith Black Badge

The most powerful and dynamic Rolls-Royce in history, Wraith Black Badge effortlessly ascended the Hillclimb during the Supercar Shootout. Wraith Black Badge peaked at 126mph during the 1.16-mile course and recorded a speed of 102mph as the car crossed the finish line, proving that it is not necessary to sacrifice luxury for speed. Wraith Black Badge was driven by Endurance Racing legend Joerg Weidinger. 

The car was finished in Dark Indigo, with the interior in Seashell and Navy Blue contrast leather, and the fascia in Black Badge Technical Fibre.

Ghost Black Badge

The Course Car this year was a Rolls-Royce Ghost Black Badge, resplendent with LED race lights and Goodwood decals. The car was driven by a team from Rolls-Royce Motor Cars and seen on the course between each Hillclimb Run throughout the weekend, completing 85 runs and covering more than 200 miles in total. The car was finished in Andalusian White, with the interior in Black and Tan contrast leather and the fascia in Black Badge Technical Fibre.

Bradley Theodore

Celebrity artist Bradley Theodore created unique artwork throughout the event at the Rolls‑Royce Black Badge display area on the Laundry Green. Renowned for his instantly recognisable ‘Dia de los Muertos’ style, Theodore is dedicated to making his art accessible for all to see around the world, producing murals on the streets of Hong Kong, London, Los Angeles, Oslo and Paris. 

During the Festival of Speed he created artwork inspired by iconic Rolls-Royce images, including the Spirit of Ecstasy, Double R badge and radiator grille, and also the magnificent Rolls‑Royce ‘Sweptail’.

The Rolls-Royce Fleet

In addition to the cars on the Hillclimb, invited VIP guests were conveyed in luxury from the Home of Rolls-Royce on the south-eastern corner of the Goodwood Estate – in sight of Goodwood House – in a beautiful and rarely seen fleet of Bespoke Rolls-Royce motor cars.

Anyone wishing to filter relevant Rolls-Royce information from the event is encouraged to use the hashtag #BlackBadge

Rolls ROyce to debut its full range of Black Badge models at Goodwood with the new addition, the Dawn.

“Black Badge is for those driven by the same restless spirit that propelled company forefather C.S Rolls’ exploration of the limitations of powered land and air travel. It is an alter-ego for our marque that captivates the disrupters, the innovators and those that accept no limitations. 

Standing as a truly Bespoke response to the desires of a new breed of entrepreneur, Black Badge has already distinctly amplified the characters’ of Ghost and Wraith motor cars, placing them into consciousness of those that seek a commanding presence in the objects they commission. 

Overwhelming demand from new patrons of luxury tells us the time is now right to apply this assertive, confident and powerful attitude to Dawn and open this truly transformative presence to the world.”

Torsten Müller-Ötvös, Chief Executive Officer, Rolls-Royce Motor Cars

At the Geneva Motor Show in March 2016, Rolls-Royce presented a truly transformative moment on the luxury landscape – the introduction of a permanent Bespoke family of motor cars called Black Badge, designed in response to the differing lifestyle requirements of a younger, more dynamic patron of luxury.

Since its introduction, Black Badge has done much to attract a new generation of Rolls-Royce customers to the marque. As a result of overwhelmingly positive customer demand for Ghost Black Badge and Wraith Black Badge, the time is now right to add a new chapter to the Black Badge story.

The 2017 Goodwood Festival of Speed will celebrate machines so beyond measurable limitations, they have changed the landscape in which they operate – an entirely fitting stage on which the third chapter in this truly transformative story can unfurl – the global debut of Dawn Black Badge, the most uncompromising expression of open-top luxury in the world.

The Black Badge story

Since it was launched in 2016, Black Badge has become the most commanding presence on the super-luxury landscape. Its authentic Bespoke engineering and design approach has answered the demands of those customers who have said “Build us a Rolls-Royce like no other”.

Black Badge is Rolls-Royce’s response to a small and select group of clients who have asked the marque for motor cars with specific, focused characteristics that reflect their different take on life, success and the luxury they consume. These people choose to define themselves differently from their wider social group; a subset within a subset.

For over a century such individuals, possessed of a dark and restless spirit, have been drawn to Rolls-Royce’s unique allure. Luminaries including Sir Malcolm Campbell, Howard Hughes and Muhammed Ali have all shared the marque’s founding philosophy; an uncompromising refusal to accept the status quo and a constant yearn to innovate, create and advance.

Their restless spirit was also shared by the marque’s co-founder; himself one of the great disrupters of his day. The Honourable C.S. Rolls was a man in a hurry. Not satisfied with fundamentally altering the road-car landscape, he sought more and pursued his appetite for advancement and adventure in the air; a passion that would ultimately lead to his untimely demise aged just 33.

It is this indomitable spirit that, since the launch of Black Badge, has captivated so many of today’s young owners, who are drawn to Rolls-Royce in the knowledge that no other luxury house is possessed of the vision and flexibility to meet their demands both in design and engineering terms. Indeed, Black Badge serves to amplify the inherent characteristics that have driven so many new, younger patrons of luxury to the marque.

In conceiving Black Badge versions of Wraith, Ghost and now Dawn, the marque’s Bespoke designers and engineers drew upon their instinctive understanding of the unique lives of these extraordinary men and women to create both design and engineering treatments that perfectly amplify the inherent values of these great Rolls-Royces.

Dawn Black Badge

Created to satisfy overwhelming demand from a new breed of Rolls-Royce patrons, Dawn Black Badge stands as the most luxurious, social and sensual space from which to take in the night air. This most glamorous, uncompromising expression of open-top luxury is given a new and darker sensual dimension through its suite of Black Badge engineering and design treatments.

The Dawn Black Badge at the Festival of Speed is presented in a deeply intense shade of black. Multiple layers of paint and lacquer have been fastidiously applied and hand-polished in a process that amounts to the most exhaustive painting and polishing process ever used for a solid paint colour. 

The result clothes Dawn’s sensuous lines in the deepest, darkest and most intense black to ever grace a production car surface. The roof, which opens in a ‘Silent Ballet’ to allow in the sounds of the night, is also only available in black canvas, whilst the rear deck is finished in black leather.

In creating Black Badge, Rolls-Royce’s Bespoke designers have sought to create true signifiers of this more assertive alter-ego for the marque. Dawn gets this same treatment.

The Spirit of Ecstasy – itself a mascot that has taken many different forms throughout the marque’s history – transforms into a high-gloss vamp, finished in a perfectly executed black chrome. 

This transformation to a darker aesthetic extends to certain chrome surfaces including the front grille surround, boot lid finisher, exhaust pipes and air inlet finisher. The effect is an authentic transformation that speaks of a bolder, more confident sensibility. Finally, the ‘Double R’ signifiers on the Rolls-Royce badges are inverted in colour, confirming the creation of a true alter-ego of the marque.

This bold, edgy design ethos extends beautifully into the interior – an exquisitely appointed staging point for patrons who seek to discover the night’s elements with the roof down.

Evoking Sir Henry Royce’s founding philosophy to ‘design what does not exist’ – a collaboration between the marque’s design and engineering departments has seen the creation of a new luxury material. Inspired by Rolls-Royce’s aviation heritage and echoing advanced production techniques for stealth aircraft, a beautiful and highly innovative new treatment for the car’s surfaces has been conceived.

Its construction displays every hallmark of Rolls-Royce’s fastidious attention to detail. Threads of aircraft grade aluminium, a delicate 0.014m in diameter, are woven together and then bonded in carbon fibre. Surfaces are then finished with six coats of lacquer before being left to cure for 72 hours and hand-polished to Rolls-Royce’s hallmark mirror finish. The result is a highly contemporary finish, perfectly attuned to the darker more menacing aesthetic today’s patrons of luxury demand.

This exquisite expression of noir informs every conceivable detail. For example, innovative production techniques such as Physical Vapour Deposition, a highly technical surfacing method, perfectly darkens the air-vents throughout the interior in a manner that will never discolour or tarnish.

Reflecting the marque’s Bespoke philosophy, Dawn Black Badge also plays host to a new interior palette break-up. Higher levels of exquisite Black leather are accented boldly with Mandarin highlights, including a strip of orange highlight which encircles the cabin at hip-height, evocative of the sunset before the passengers are immersed in darkness.

A final touch, again, in a nod to one of Rolls-Royce’s great pioneer patrons, Sir Malcolm Campbell, finishes the rear interior space. His famous ‘Infinity’ rating logo beautifully embroidered into the car’s rear waterfall, gives a subtle nod to a man very much possessed of the restless spirit that so defines the Black Badge attitude.

Truly Bespoke Engineering

Like its stablemates Ghost and Wraith, the distilled essence of Dawn is amplified through the engineering that underpins the Black Badge philosophy. In the case of Dawn, the engineering substance that leads to more spirited driving is accentuated by the creation of an entirely new exhaust system, that when deployed by the press of the ‘low’ button, celebrates Rolls-Royce’s hallmark V12 engine with a menacing bass baritone, announcing its arrival with authority rather than hysteria.

The exhaust tone adds an aural dimension to a suite of engineering enhancements. Indeed, Black Badge stands as a truly Bespoke collaboration between design and engineering, answering the demands of a new breed of patron of luxury who seeks a more spirited, involving driving experience which retains the peerless quality of ride that has driven Dawn’s success. 

To achieve this, the engineers have exploited the flexibility of Dawn’s magnificent 6.6 litre twin-turbo V12 to generate an extra 30bhp over the car’s already ample 563bhp, bringing the total to 593bhp. That hallmark sense of one infinite gear is also given bolder expression with the addition of a further 20NM of torque available from 1,500rpm, bringing the total to 840NM.

Fundamental changes to the transmission and throttle strategy give Dawn an enhanced feeling of urgency without diminishing its position as the world’s most luxurious open-top tourer. Indeed, the drive-train, ZF 8-speed gear box and steering-rack are so intuitive that they work together to create a more spirited drive depending on throttle and steering input. 

The result is a perfectly stately Rolls-Royce touring experience at low speeds and a highly engaging drive when the driver seeks to ‘push on’. Fundamental changes to suspension settings and components also ensure an appropriate balance between Rolls-Royce comfort and driver focus, felt in flatter cornering at high speeds.

The increased urgency of Dawn Black Badge has led to the development of new brakes with an increase in diameter of one inch. During deceleration, a fundamental remapping of the transmission strategy leads to downshifts a few rpm sooner under braking, offering engine braking when driving in a more spirited manner.

The steering-rack has also been quickened and engineered for more feedback. Speed-dependent adjustments also embolden Black Badge drivers as they enjoy an added sense of security and feel derived from increased steering weight at high speeds.

Dawn Black Badge is now available to commission.

TECHNICAL SPECIFICATIONS

Dimensions
Vehicle length	5285mm / 17.34ft
Vehicle width	1947mm / 6.39ft
Vehicle height (unladen)	1502mm / 4.93ft
Wheelbase	3112mm / 10.21ft
Turning circle	12.7m / 41.7ft
Boot Volume (DIN)	244ltr - 295ltr / 8.6 ft³ - 10.4 ft³
Weight
Unladen Weight (DIN)	2560kg / 5644lb
Engine
Engine / cylinders / valves	V / 12 / 48
Fuel management	Direct injection
Power output @ engine speed	593bhp /442KW /@5250rpm
Max torque @ engine speed	840NM @1500 rpm
Fuel type	10:1 / Premium unleaded1
Performance
Top speed	250kmh / 155mph (governed)
Acceleration 0 - 100km/h	4.9sec
Fuel Consumption
Urban	22.9ltr / 100km / 12.3mpg (Imp.)
Extra urban	10.1ltr / 100km / 28.0mpg (Imp.)
Combined consumption / range	14.7ltr / 100km / 19.2mpg (Imp.)
CO2 emissions	337g/km

BMW Announces sales and income/Profits with a good outlook for the coming months.

• Significant revenues and earnings growth
• Automotive segment EBIT margin within target range
• Sales of electrified vehicles doubled
• Made in Germany: BMW iNEXT to be produced in Dingolfing
• BMW Group reaffirms outlook for full year 2017
• Krüger: Focus on profitability and rigorous implementation of Strategy NUMBER ONE > NEXT

The BMW Group has begun the financial year 2017 with a solid first quarter and made excellent progress in terms of implementing Strategy NUMBER ONE > NEXT. Deliveries of electrified vehicles, for instance, doubled to nearly 20,000 units in the first quarter. In addition, the BMW Group announced its intention to build the BMW iNEXT as the company’s technological spearhead at its Dingolfing plant. The iNEXT, which is due to be unveiled in 2021, will set the benchmark in terms of automated driving, electrification and connectivity. The decision underlines the significance of Germany as a location for developing future technologies and shaping tomorrow’s mobility.

The BMW Group recorded significant first-quarter growth in terms of both revenues and net profit. Alongside a solid operating performance, positive valuation-related earnings effects included in the financial result also contributed to the sharp rise in profit before taxes. “We shall continue to focus on rigorously implementing Strategy NUMBER ONE > NEXT and ensuring sustainable high profitability in order that we can shape future mobility by leveraging our own resources. That is how we will measure our success,” commented Harald Krüger, Chairman of the Board of Management of BMW AG, in Munich on Thursday.

In the first quarter, the BMW Group embarked on the most substantial model offensive in its history with the launch of the new BMW 5 Series. Around 40 new and updated models of the BMW Group’s three premium brands will be brought to market during 2017 and 2018. “Customers are excited by the new 5 Series Sedan, as we can see in its extremely good market reception. We expect the BMW Group's three premium brands to set new delivery records again in 2017 and the Group to remain the leading manufacturer of premium vehicles,” stated Krüger.

Particular emphasis is being placed on the upper-premium segment. Through the focussed addition of highly emotive vehicles, the BMW Group is targeting significant sales volume growth in this segment by 2020. Alongside the BMW 7 Series, the BMW Group will be launching other models in this segment, including the BMW X7.

New sales volume, revenues and earnings records in first quarter

First-quarter deliveries of BMW, MINI and Rolls-Royce brand vehicles rose by 5.3% to 587,237 units (2016: 557,605 units). All the Group's major sales regions contributed to this increase. Thanks to this strong performance, Group revenues for the period from January to March were significantly higher at € 23,448 million (2016: € 20,853 million; +12.4%). Profit before financial result amounted to € 2,646 million, 7.7% up on the previous year’s corresponding figure of € 2,457 million. Group profit before tax (EBT) was also significantly higher at € 3,005 million (2016: € 2,368 million). This significant increase was largely due to the following effects: a positive valuation effect of € 183 million in connection with the participation of new investors in the mapping service HERE, an increase in the other financial result of € 122 million, driven mainly by valuation effects, and a higher profit contribution from the Chinese joint venture BMW Brilliance Automotive Ltd. As a result, the Group’s EBT margin climbed to 12.8% (2016: 11.4%) in the first quarter. Group net profit rose by 31.0% to € 2,149 million (2016: € 1,641 million).

“The first quarter results lay a very sound foundation for us to achieve our ambitious targets for 2017. Given that the BMW Group is embarking on the biggest model offensive in its corporate history, we expect start-up and marketing costs regarding new models to increase over the course of the year. We will also incur high upfront expenditure in connection with electric mobility and autonomous driving,” pointed out Nicolas Peter, member of the Board of Management of BMW AG responsible for Finance. “Short-term gain is not the decisive factor for us: we remain focussed on sustainable, profitable growth.”

Automotive segment: EBIT margin within target range

First-quarter revenues for the Automotive segment grew by 10.0% to € 20,692 million (2016: € 18,814 million). EBIT improved by 6.1% to € 1,871 million (2016: € 1,763 million). The EBIT margin in the Automotive segment came in at 9.0% (2016: 9.4%) and was therefore within the targeted range of between 8 and 10%. On account of the factors described above, profit before tax rose by 31.4% to € 2,279 million (2016: € 1,734 million).

BMW Group vehicles with electrified drivetrains performed particularly well during the first quarter, as nearly 20,000 BMW i3, BMW i8 and BMW iPerformance plug-in hybrids were sold, twice the previous year’s corresponding figure. “We are therefore well on course to delivering more than 100,000 electrified vehicles for the first time in 2017,” Krüger stated.

Electrified vehicles accounted for more than three per cent of all BMW Group vehicle deliveries to customers in the first quarter (Q1 2016: 1.7%).

With the launch of the BMW i3 almost four years ago, the BMW Group was an early pioneer of electric mobility and has remained true to its strategy ever since. When the first MINI brand plug-in hybrid model is introduced in summer 2017, the BMW Group will have nine electrified models in its portfolio. The BMW i8 Roadster is set to follow in the coming year and the first all-electric MINI is due in 2019. In 2020, the battery-powered BMW X3 will integrate all-electric mobility into the Group’s core brand. One year later, the new BMW iNEXT is set to take to the roads. As the BMW Group’s new technological spearhead, it will set the benchmark in the future-oriented ACES fields Autonomous, Connected, Electrified and Services/Shared.

Deliveries of BMW brand vehicles totalled 503,445 units (2016: 478,743; +5.2%), surpassing the half-million figure for the first time in an opening quarter. Sales volume growth came from various areas, including good contributions made by the BMW Group’s flagship model, the BMW 7 Series, and the BMW X-family models. Nearly 16,000 units of the BMW 7 Series were sold, 50.2% more than one year earlier. Sales of the BMW X1 jumped by 29.5% to 66,063 units in the first quarter. Similarly, the BMW X3 (41,742 units; +7.8%) and the BMW X5 (45,892 units; +17.7%) also recorded significant growth.

Sales of 83,059 units during the first three months 2017 also represented a new first-quarter sales volume record for the MINI brand (2016: 78,311 units; +6.1%). The new MINI Clubman reported a significant rise, with deliveries to customers increasing to 14,830 units (2016: 12,173 units; +21.8%). First-quarter sales of the new MINI Convertible tripled to 7,705 units (2016: 2,553 units). With 47,530 units sold, the MINI 3 and 5 door models matched their previous year’s performance (2016: 47,396 units; +0.3%).

Following the second highest annual sales in 2016, Rolls-Royce Motor Cars sales in the first quarter of 2017 were up year-on-year. This was based on full market availability of Dawn compared with the same period last year. In total, 733 Rolls-Royce motor cars were delivered to customers across the globe (+33.0%). Demand for Rolls-Royce models remains strong in most regions, although this is set against ongoing market volatility in the global luxury industry as a whole. Rolls-Royce continues to strive for long-term sustainable growth.

The BMW Group's upward sales volume trend continued in Europe, with 267,996 units (2016: 257,120 units) delivered to customers during the first three-month period, up 4.2% year-on-year. Solid growth was reported in a number of markets, including Great Britain (+6.5%; 63,004 units), France (+5.4%; 21,943 units) and Italy (+6.7%; 21,278 units).

First-quarter sales of BMW Group vehicles in Asia rose by 9.2% to surpass the 200,000-unit mark (200,140 units; 2016: 183,204 units). Significant growth was also achieved on the Chinese mainland, where sales climbed by 12.4% to 142,958 units. First-quarter deliveries in Japan went up by 5.2% to 19,681 units.

Sales in the Americas region increased slightly by 2.0% to 102,238 units (2016: 100,245 units), including 82,169 units delivered to customers in the USA (+0.7%). 

Motorcycles segment sets new delivery record

The Motorcycles segment had a successful start to the year, delivering 35,636 motorcycles and maxi-scooters (2016: 33,788 units) to customers during the first quarter, 5.5% up on the previous year. Revenues grew by 7.0% to € 623 million (2016: € 582 million). Higher volumes and positive sales-mix factors helped segment profit before financial result to jump by 33.0% to € 125 million (2016: € 94 million). Influenced by seasonal factors at the start of the motorcycle season, the segment EBIT margin came in at 20.1% (2016: 16.2%). Profit before tax also improved by 33.0% to € 125 million (2016: € 94 million). 

Financial Services segment firmly on course

The Financial Services segment continued to perform well during the first quarter. A total of 465,634 new credit financing and leasing contracts (2016: 413,372 contracts) were signed with customers between January and March, an increase of 12.6%. Including contracts with dealerships, 5,214,729 credit financing and leasing contracts were in place at the end of the first quarter (31 March 2016: 4,786,441 contracts), 8.9% more than one year earlier. First-quarter segment revenues rose by 16.8% to € 7,046 million (2016: € 6,032 million), while profit before tax was 4.4% higher at € 595 million (2016: € 570 million). 

Workforce increased

The size of the BMW Group's workforce increased by 3.0% year-on-year and comprised 126,317 employees (2016: 122,692 employees) worldwide. The BMW Group continuously hires skilled experts and IT specialists in future-oriented areas, such as digitalisation and automated driving.

BMW Group reaffirms targets for the financial year 2017

The BMW Group is confident of achieving its projected targets for the current financial year, largely thanks to its strong brands, its attractive product portfolio and the expectation that international automobile markets will continue their generally upward trend. These favourable factors contrast with high levels of upfront expenditure for new technologies, fierce competition and rising personnel expenses. The global political and economic environment is expected to remain volatile.

The BMW Group reaffirms its targets for the full year. "We forecast slight increases, and hence new record figures, for Automotive segment sales volume and profit before tax in 2017,” stated Krüger. With its three premium brands, the BMW Group is therefore confident it will remain the world's leading manufacturer of premium vehicles in 2017.

Automotive segment revenues are also set to grow slightly over the year on the back of higher sales volumes. The EBIT margin for the Automotive segment in 2017 is forecast to remain within the targeted range of between 8 and 10%.

Forecasts for the current year are based on the assumption that worldwide economic and political conditions will not change significantly.

The BMW Group – an overview		1st quarter 2017	1st quarter 2016	Change in %
Sales volume
Automotive	Units	587,237	557,605	5.3
Thereof:   BMW	Units	503,445	478,743	5.2
MINI	Units	83,059	78,311	6.1
Rolls-Royce	Units	733	551	33.0
Sales volume Motorcycles	Units	35,636	33,788	5.5
Workforce 1		126,317	122,692	3.0
EBIT margin Automotive Segment	Percent	9.0	9.4	-0.4 %points
EBIT margin Segment Motorcycles	Percent	20.1	16.2	+3.9 %points
EBT margin BMW Group	Percent	12.8	11.4	+1.4 %points
Revenues	€ million	23,448	20,853	12.4
Thereof:   Automotive	€ million	20,692	18,814	10.0
Motorcycles	€ million	623	582	7.0
Financial Services	€ million	7,046	6,032	16.8
Other Entities	€ million	2	1	-
Eliminations	€ million	-4,915	-4,576	-7.4
Profit before financial result (EBIT)	€ million	2,646	2,457	7.7
Thereof:   Automotive	€ million	1,871	1,763	6.1
Motorcycles	€ million	125	94	33.0
Financial Services	€ million	604	591	2.2
Other Entities	€ million	4	11	-63.6
Eliminations	€ million	42	-2	-
Profit before tax (EBT)	€ million	3,005	2,368	26.9
Thereof:   Automotive	€ million	2,279	1,734	31.4
Motorcycles	€ million	125	94	33.0
Financial Services	€ million	595	570	4.4
Other Entities	€ million	-4	-2	-
Eliminations	€ million	10	-28	-
Income taxes	€ million	-856	-727	-17.7
Net profit	€ million	2,149	1,641	31.0
Earnings per share 2	€	3.26/3.26	2.48/2.48	31.5/31.5

1 Figures exclude dormant employment contracts, employees in the work and non-work phases of pre-retirement part-time working arrangements and low wage earners

2 Earnings per share of common stock/preferred stock