BMW Group sales grow over the month and first half, RR are down awaiting the new Phantom.

• BMW Group sales in first half-year up 5.0% to 1,220,819
• Electrified vehicles sales increase 80% to 42,573
• BMW Group delivers 232,620 vehicles in June, up 2.1%
• BMW sales increase 2.0%, totalling 192,873
• MINI sales grow 3.0% to 39,443
• Market launch of MINI Countryman PHEV grows electrified range to nine models

BMW Group sales achieved their best ever June, with sales in the month totalling 232,620, a 2.1% increase year-on-year. It was also a record first half-year with sales of the BMW Group’s three premium brands, BMW, MINI and Rolls-Royce, increasing by 5.0%; a total of 1,220,819 vehicles have been delivered to customers around the world so far this year.

“June rounds off our best ever first half-year and the BMW Group remains the world’s leading premium car company,” commented Dr Ian Robertson, Member of the BMW AG Board of Management with responsibility for Sales and Brand BMW. 

“We’ve already sold more than a million BMW vehicles this year, which is a new first-half-year record. June also saw our successful electrification strategy expand still further to include the MINI brand, meaning customers can now choose from nine electrified BMW Group vehicles. 

With sales of these models up by eighty per cent compared with the first half of last year, we’re looking forward to celebrating delivery of the 200,000th electrified BMW Group vehicle later this year,” he continued.

The BMW brand achieved its best-ever first half-year, topping the million mark for the first time ever by this point in the year. Global BMW sales totalled 1,038,030 units, an increase of 5.2% on the same period last year. Sales of BMW brand vehicles in June totalled 192,873, up 2.0% compared with the same month last year. A wide range of models throughout the range contributed to this growth. Sales of the BMW X1 increased 45.2% (136,748) in the first half-year while deliveries of the BMW X5 increased by 10.6% (89,958). BMW 1 Series sales grew by 6.5% (91,802) in the first half-year, while deliveries of the flagship BMW 7 Series increased during the same period by 26.9% (32,290).

June saw the arrival of the MINI Cooper S E Countryman ALL4 in the dealerships, the ninth electrified vehicle from the BMW Group which is available to purchase today. The popularity of the BMW Group’s innovative premium electrified vehiclescontinues to grow at a rapid rate: in the first six months of the year, a total of 42,573 BMW i, BMW iPerformance and MINI Electric vehicles were delivered to customers, an increase of 79.8% on the same period last year. First-half-year production of electrified vehicles totalled 51,725. The BMW Group is well on track to achieve its target of selling 100,000 electrified vehicles in 2017.

Sales of MINI brand vehicles achieved a new record for June with 39,443 units delivered to customers around the world, an increase of 3.0% compared with the same month last year. June rounded off the brand’s record first half year, with sales totalling 181,214 (+3.6%). “MINI continues to achieve sustainable growth in sales around the world,” said Peter Schwarzenbauer, Member of the BMW AG Board of Management responsible for MINI, Rolls-Royce and BMW Motorrad. “Sales of the new MINI Countryman are particularly pleasing and I’m delighted that with the launch in June of the MINI Cooper S E Countryman ALL4, electric mobility is now available on a large scale from the MINI brand. Customer interest in this car has been extremely high and I’m confident we will see continued growth across the brand in the second half of the year,” he added.

In the first half of 2017, the Goodwood-based Rolls-Royce brand delivered 1,575 (-6.5%) motor cars to customers. The same period in 2016 was particularly strong due to the popularity of the newly introduced Rolls-Royce Dawn. This base effect, and the absence from the market of the Phantom pending the introduction of the new Phantom later this year, account for the decrease in sales year-on-year. Despite considerable ongoing headwinds in the luxury sector in several regions, Rolls-Royce continues to strive for long-term sustainable growth.

BMW Motorrad achieved its best-ever June with a total of 17,260 motorcycles and maxi-scooters delivered to customers, an increase of 15.1% on the same month last year.

Those figures helped BMW Motorrad achieve a record first half-year with sales totalling 88,389 in the first six months of the year, up 9.5% on the same period last year.

BMW & MINI sales in the regions/markets at a glance

With the automotive market experiencing challenges in several significant markets, the BMW Group continues to follow its policy of balancing sales around the world to achieve sustainable, profitable growth.

Europe is the BMW Group’s most significant sales area and despite recent downturns in the region’s two largest markets, Germany and the UK, overall BMW Group sales for the first half of 2017 are up 2.2%.

BMW Group sales in Asia continue to achieve significant growth this year, driven mainly by China, where combined BMW and MINI deliveries are up 18.4% in the first half-year.

This strong increase is largely due to full availability of the BMW X1 and the popularity of the new BMW 1 Series sedan, a car designed exclusively for China.

BMW and MINI sales in the Americas continue to be affected by the decline in the overall automotive market in the USA. Meanwhile sales in other markets in the region maintain their positive growth, with BMW Group deliveries in Mexico and Latin America achieving a further double-digit increase.

Rolls Royce launches the first in a series of short films to lead up to the launch of the new Phantom.

The House of Rolls-Royce premieres the first in a series of fascinating short films today, telling how it became the world’s leading and most respected luxury house. ‘The Spirit of Ecstasy’ film will premiere at www.rolls-roycemotorcars.com.

Kate Winslet, the Academy Award winning actress, will give voice to the Spirit of Ecstasy in this first film for the House of Rolls-Royce as she retells luxury’s most fascinating and enduring story. The British actress will recount the story of the muse that guides the world’s most celebrated luxury house.

The premiere signals the beginning of a year of celebrations for the House of Rolls-Royce as it prepares, once again, to reset the standard by which all other luxury goods are judged with the arrival of the New Rolls-Royce Phantom later in the year. This landmark moment will also herald the beginning of the second chapter of the remarkable story of Rolls-Royce since its renaissance began in 2003 at the marque’s centre of luxury excellence in Goodwood, West Sussex.

“The Spirit of Ecstasy has stood on the prow of every Rolls-Royce since 1911, representing ‘the best’ of everything, whilst silently guiding through life those exceptional people who have made our world turn. This is a story that inspires greatness and needs to be told,” said Torsten Müller-Ötvös, Chief Executive Officer, Rolls-Royce Motor Cars. 

“Our world-wide search for the perfect voice of the Spirit of Ecstasy led us back to West Sussex, England, where both Kate Winslet and Rolls-Royce, two British icons reside. Kate Winslet brings her great talent to this role.”

The Premiere: Episode 1 – ‘The Spirit of Ecstasy’

The first episode of The House of Rolls-Royce series, ‘The Spirit of Ecstasy’, retells the story of the muse that has guided and inspired the world’s most celebrated luxury house for the past 105 years.

Since her creation in 1911, the Spirit of Ecstasy, modelled by sculptor and artist Charles Sykes, has silently guided every Rolls-Royce and its prestigious owner through momentous events in their lives and the lives of others. She has stood as an elegant presence and witness at some of history’s most notable events.

This first episode uses cutting edge motion capture and 3D scanning techniques to bring back to life one of the most fascinating legends in the mythology of Rolls-Royce – how and why the Spirit of Ecstasy, which is the most recognised luxury icon in the world, came to be.

Our story begins in the milieu of Belle Époque London, where artists and inventors, scientists and engineers, aristocrats and bohemians collaborate and compete in the white heat of early 20^th Century creativity. 

Fittingly, this time very much echoes the path of today’s Rolls-Royce patrons, visionary men and women who take risks and boldly innovate to achieve their success.

The film opens when Rolls-Royce has been in business since 1904 and has spent several years ‘taking the best that exists and making it better’ for its wealthy and discerning clientele.

Relentless in their quest to create ‘the Best Car in the World’, driven by an ethereal muse, Rolls and Royce go out into the world to test, to perfect and to secure the fundamentals of this great brand that endure to this day: an unparalleled combination of pace, elegance, engineering, comfort and handcraftsmanship.

Only when this perfection is secured does the resulting Rolls-Royce Silver Ghost merit the muse’s approval; an approval that comes in the shape of the iconic ‘Spirit of Ecstasy’. This ecstatic status of perfection finally allows it to carry the ‘Flying Lady’ on its prow, a fact that has endured for every Rolls-Royce since, and will do into the future. A muse that leads the dreamers, visionaries, innovators and those leaders who make our world turn.

The House of Rolls-Royce

The legend of the House of Rolls-Royce will unfold over the year and beyond through further short films as the marque prepares for another landmark moment in automotive and luxury history: the arrival of the benchmark for luxury goods worldwide, the New Rolls-Royce Phantom.

This series of films will serve as a new platform in the ethereal, virtual sphere where followers and devotees of Rolls-Royce can engage further with the marque.

In addition to exclusive early views of the next episodes of the story of the House of Rolls-Royce, those advocates and followers of the marque will be offered the opportunity to attend exclusive Rolls-Royce gatherings around the world. Further news on such events will come next year.

USA SALES SECOND QUARTER - BMW posts sales volumes and earnings at record levels.

• Second quarter: sales volume and earnings at record levels
• Sustainable profitability: 25th consecutive quarter to achieve automotive segment EBIT margin within target range of between 8 and 10% or higher
• BMW Group reaffirms outlook for full year 2016
• Strong demand for BMW i and BMW iPerformance models
• Cooperation with Intel and Mobileye underlines drive to lead the field of automated driving

The BMW Group continued its course of profitable growth during the second quarter of 2016, whilst also taking important decisions for the future in line with its Strategy Number ONE > NEXT. 

As the world’s leading provider of premium products and services for individual mobility, the BMW Group recorded its best ever quarterly sales volume and net profit figures between April and June. 

The partnership with Intel and Mobileye underlines the BMW Group’s ambition to play a leading role in developing safe and reliable automated driving.

“We sold more vehicles in the second quarter than ever before and achieved record earnings. We are growing profitably while simultaneously implementing our strategy step by step,” stated Harald Krüger, Chairman of the Board of Management of BMW AG, on Tuesday. “Sustainable profitability on this scale provides us with the financial headroom we need to pursue our work on future technologies such as electric mobility and automated driving. For me, there is no “either/or” between the present and the future. The strength of today’s core business is the cornerstone for tomorrow’s success.”

Second-quarter sales volume of the BMW Group’s three premium brands (BMW, MINI and Rolls-Royce) climbed by 5.7% to 605,534 units (2015: 573,079 units), thereby marking a new high for a quarter. Once again, the BMW Group was the world’s leading manufacturer of premium vehicles.

Second-quarter revenues rose by 4.5% to € 25,014 million (2015: € 23,935 million). At € 2,725 million, profit before financial result (EBIT) was 7.9% higher than one year earlier (2015: € 2,525 million). Group profit before tax (EBT) increased by 8.4% to a new high level of € 2,798 million (2015: € 2,582 million). Group net profit rose by 11.4% to € 1,949 million (2015: € 1,749 million), also marking a new record for a second quarter.

BMW Group continue to grow both in sales and income, and with it, profits are increasing quickly too.

• Second quarter: sales volume and earnings at record levels
• Sustainable profitability: 25th consecutive quarter to achieve automotive segment EBIT margin within target range of between 8 and 10% or higher
• BMW Group reaffirms outlook for full year 2016
• Strong demand for BMW i and BMW iPerformance models
• Cooperation with Intel and Mobileye underlines drive to lead the field of automated driving

The BMW Group continued its course of profitable growth during the second quarter of 2016, whilst also taking important decisions for the future in line with its Strategy Number ONE > NEXT. 

As the world’s leading provider of premium products and services for individual mobility, the BMW Group recorded its best ever quarterly sales volume and net profit figures between April and June. 

The partnership with Intel and Mobileye underlines the BMW Group’s ambition to play a leading role in developing safe and reliable automated driving.

“We sold more vehicles in the second quarter than ever before and achieved record earnings. We are growing profitably while simultaneously implementing our strategy step by step,” stated Harald Krüger, Chairman of the Board of Management of BMW AG, on Tuesday. “Sustainable profitability on this scale provides us with the financial headroom we need to pursue our work on future technologies such as electric mobility and automated driving. For me, there is no “either/or” between the present and the future. The strength of today’s core business is the cornerstone for tomorrow’s success.”

Second-quarter sales volume of the BMW Group’s three premium brands (BMW, MINI and Rolls-Royce) climbed by 5.7% to 605,534 units (2015: 573,079 units), thereby marking a new high for a quarter. Once again, the BMW Group was the world’s leading manufacturer of premium vehicles.

Second-quarter revenues rose by 4.5% to € 25,014 million (2015: € 23,935 million). At € 2,725 million, profit before financial result (EBIT) was 7.9% higher than one year earlier (2015: € 2,525 million). Group profit before tax (EBT) increased by 8.4% to a new high level of € 2,798 million (2015: € 2,582 million). Group net profit rose by 11.4% to € 1,949 million (2015: € 1,749 million), also marking a new record for a second quarter.

BMW Group achieves best ever six-month figures in first half of 2016

Six-month sales recorded by the Automotive segment rose by 5.8% to reach a new high of 1,163,139 units (2015: 1,099,748 units). The strategy of balancing sales worldwide continued to pay off, allowing fluctuations in some markets to be offset.

Six-month revenues edged up by 2.3% to € 45,867 million (2015: € 44,852 million). Profit before financial result (EBIT) rose by 2.7% to € 5,182 million (2015: € 5,046 million). Group profit before tax (EBT) increased by 6.5% to a new all-time high level of € 5,166 million (2015: € 4,851 million). Group net profit rose by 10.0% to € 3,590 million (2015: € 3,265 million), also marking a new record for the first six months of a year.

Automotive segment: EBIT margin at upper end of target range

Second-quarter revenues of the Automotive segment grew by 5.6% to € 22,872 million (2015: € 21,650 million). EBIT rose sharply to € 2,178 million (2015: € 1,819 million; +19.7%). The EBIT margin in the Automotive segment came in at 9.5% (2015: 8.4%), the 25th consecutive quarter within the target range of between 8 and 10% or higher. Segment profit before tax rose by 23.5% from € 1,844 million to € 2,277 million.

“A look at the EBIT margin for the past 25 quarters shows that we do not only focus on short-term results. More importantly, we concentrate on what we consider to be our primary responsibility: delivering consistently good results, even in volatile times, in order that we can finance and shape the company’s future based on our own underlying strength,” pointed out Friedrich Eichiner, member of the Board of Management responsible for Finance.

Six-month revenues of the Automotive segment grew by 2.8% to € 41,686 million (2015: € 40,543 million). Segment EBIT increased to € 3,941 million (2015: € 3,613 million; +9.1%), resulting in an EBIT margin of 9.5% (2015: 8.9%). Profit before taximproved sharply to € 4,011 million (2015: € 3,478 million; +15.3%).

Sales of BMW brand vehicles in the second quarter rose by 5.7% to a new high of 507,814 units (2015: 480,465 units). The equivalent six-month figure of 986,557 units (2015: 932,041 units; +5.8%) also broke all existing records. Tailwind came from various directions, including sales of the BMW Group’s flagship model, the BMW 7 Series, and the BMW X models. Six-month deliveries of the BMW 7 Series were 31.7% up on the previous year. Additional momentum is expected to come from the plug-in hybrid version of the 740e and from the top model BMW M760Li xDrive. Sales of the BMW X1 during the six-month period jumped by 61.7% to 94,156 units, while BMW 2 Series deliveries to customers were up by 52.4% to 97,949 units. The BMW X3 recorded a 16.6% increase, with sales volume rising to 77,486 units.

Demand for electrified BMW i and iPerformance models equipped with a plug-in hybrid drive system grew particularly strongly in Europe. In June, electric vehicles accounted for four per cent of all BMW vehicles sold in Western Europe. The percentage is significantly higher in markets promoting electric mobility in the form of financial incentives and infrastructural measures. In the Netherlands, 14.9% of all BMW vehicles sold in June were BMW i or BMW iPerformance models. The equivalent proportion in Scandinavia was 13.2%.

The BMW Group currently offers seven electrified models including plug-in hybrids, such as the new BMW 740e or the recently launched BMW 330e and BMW 225xe Active Tourer, and the fully electric BMW i3. Thanks to the expanded range of electrified models, sales of this type of vehicle in the first six months of the year were just under 87% higher than the same period last year: a total of 23,675 have been delivered to customers worldwide. Furthermore, to the end of July 2016, over 7,000 orders had been received for the additional BMW i3 model with significantly extended battery range, which only celebrated its market launch in July. This is more than three times the figure of orders received for the first generation BMW i3 at the equivalent launch period.

MINI also recorded a new high for deliveries to customers in the second quarter. Worldwide sales were 5.4% higher at 96,587 units (2015: 91,626 units), with momentum coming in particular from the new MINI Clubman and the MINI Convertible. Six-month sales at MINI climbed by 5.4% to 174,898 units.

Rolls-Royce Motor Cars achieved a new sales volume record of 1,133 units in thesecond quarter (2015: 988 units; +14.7%). This performance was helped by a strong contribution made by the new Rolls-Royce Dawn, of which 514 units had been sold since its market launch in March. The addition of this latest member to the family provided the expected boost to the brand’s sales figures, which had been affected in the early months of the year by the production changeover. Worldwide sales for the six-month period totalled 1,684 units (2015: 1,769 units; -4.8%).

The upward trend for the BMW Group continued in Europe, with six-month sales up 11.2% year-on-year to 543,270 units. Double-digit growth was recorded in a number of markets, including Great Britain (+10.7%; 122,720 units), France (+12.0%; 43,314 units) and Italy (+15.2%; 41,455 units).

Deliveries of BMW Group vehicles in Asia during the six-month period rose by 7.3% to 361,568 units, including 247,817 units sold on the Chinese mainland (+7.4%) and 36,598 units in Japan (+7.8%).

Sales volume in the Americas region during the six-month period fell by 8.0% to 223,098 units, including 179,102 units (-10.2%) sold in the USA.

Motorcycles segment exceeds sales volume of 80,000 units for the first time in the first half of a year – sales guidance raised

The Motorcycles segment continues to perform well. At 46,966 units, second-quarter sales of BMW motorcycles and maxi-scooters worldwide remained at the previous year’s high level (47,048 units; -0.2%). Segment revenues totalled € 617 million in the second quarter, similar to one year earlier (2015: € 622 million; - 0.8%). Earnings, however, were down on the previous year, due to starting a number of projects which support the implementation of the Motorcycles segment’s new strategy. EBIT amounted to € 98 million (2015: € 112 million; -12.5%), while profit before tax finished at € 97 million (2015: € 112 million; -13.4%).

For the first time in the first half of a year, more than 80,000 motorcycles and maxi-scooters were delivered to customers during the first half of 2016. Sales volume during the period from January to June increased by 3.0% to 80,754 units (2015: 78,418 units) – the fourth successive record figure for the first half of a year. At € 1,199 million, segment revenues were at a similar level to the previous year (2015: € 1,189 million: +0.8%).EBIT amounted to € 192 million (2015: € 227 million; -15.4%), while profit before tax finished at € 191 million (2015: € 226 million; -15.5%). The Motorcycles segment’s sales volume performance is expected to improve further during the second half of the year thanks to its attractive and young model range. For the full year, a solid (previously: slight) increase in retail sales is expected.

Financial Services segment continues to perform well

The Financial Services segment put in another convincing performance during the reporting period, again setting new records. In total, 460,718 (2015: 416,961) new contracts were signed in the second quarter in conjunction with financing and leasing business, 10.5% more than in the previous year. The number of lease and financing contracts in place with retail customers and dealers increased to 4,890,279 contracts at the end of the reporting period (30 June 2015: 4,500,056 contracts; 8.7%). Segment revenues rose by 5.7% to € 6,505 million (2015: € 6,154 million). Profit before tax edged up to € 503 million (2015: € 496 million; +1.4%).

In total, 874,090 (2015: 801,526) new contracts were signed during the first half of the year relating to financing and leasing business, 9.1% more than in the corresponding period of the previous year. Segment revenues were 2.7% higher at € 12,537 million (2015: € 12,212 million). Profit before tax grew marginally to € 1,073 million (2015: € 1,055 million; +1.7%).

Employee numbers slightly up

The size of the BMW Group workforce at 30 June 2016 increased by 3.4% year-on-year. The BMW Group employed a total workforce of 123,597 people worldwide at the end of the reporting period (2015: 119,489 people). The BMW Group continues to recruit engineers and skilled workers, including software and IT experts, in order to keep pace with the constantly growing demand for BMW Group vehicles and to forge ahead with creative innovations, developing the technologies of tomorrow.

BMW Group on track to achieve guidance for full year 2016

The BMW Group remains confident of being able to achieve 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 2016,” stated Krüger. With its premium brands – BMW, MINI and Rolls-Royce – the BMW Group is firmly intent on remaining the world's leading manufacturer of premium vehicles in 2016.

Automotive segment revenues are also set to grow slightly over the year as a whole on the back of higher sales volumes. The EBIT margin of the Automotive segment in 2016 is forecast to remain within the targeted range of between 8 and 10%.

The BMW Group expects the Motorcycles segment to continue its upward trend for the remainder of the current year. The new R NineT Scrambler and G 310 R models have given the product portfolio additional breadth and are attracting new customer groups. A solid (previously: slight) year-on-year increase in sales volume is forecast for the full year.

The successful business performance of the Financial Services segment is expected to continue. Despite rising equity capital requirements worldwide, for the financial year 2016 the BMW Group forecasts a return on equity (RoE) in line with the previous year’s level (2015: 20.2%), once again above the target rate of at least 18%.

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

The BMW Group – an overview		2nd quarter 2016	2nd quarter 2015	Change in %
Sales volume
Automotive	Units	605,534	573,079	5.7
Thereof:   BMW	Units	507,814	480,465	5.7
MINI	Units	96,587	91,626	5.4
Rolls-Royce	Units	1,133	988	14.7
Sales volume Motorcycles	Units	46,966	47,048	-0.2
Workforce 1		123,597	119,489	3.4
EBIT margin Automotive Segment	Percent	9.5	8.4	+1.1 %points
Revenues	€ million	25,014	23,935	4.5
Thereof:     Automotive	€ million	22,872	21,650	5.6
Motorcycles	€ million	617	622	-0.8
Financial Services	€ million	6,505	6,154	5.7
Other Entities	€ million	2	1	100.0
Eliminations	€ million	-4,982	-4,492	-10,9
Profit before financial result (EBIT)	€ million	2,725	2,525	7.9
Thereof:   Automotive	€ million	2,178	1,819	19.7
Motorcycles	€ million	98	112	-12.5
Financial Services	€ million	529	503	5.2
Other Entities	€ million	12	94	-87.2
Eliminations	€ million	-92	-3	-
Profit before tax (EBT)	€ million	2,798	2,582	8.4
Thereof:   Automotive	€ million	2,277	1,844	23.5
Motorcycles	€ million	97	112	-13.4
Financial Services	€ million	503	496	1.4
Other Entities	€ million	46	144	-68.1
Eliminations	€ million	-125	-14	-
Income taxes	€ million	-849	-833	-1.9
Net profit	€ million	1,949	1,749	11.4
Earnings per share 2	€	2.95/2.96	2.66/2.67	10.9/10.9

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

The BMW Group – an overview		1st half year 2016	1st half year 2015	Change in %
Sales volume
Automotive	Units	1,163,139	1,099,748	5.8
Thereof:   BMW	Units	986,557	932,041	5.8
MINI	Units	174,898	165,938	5.4
Rolls-Royce	Units	1,684	1,769	-4.8
Sales volume Motorcycles	Units	80,754	78,418	3.0
Workforce 1		123,597	119,489	3.4
EBIT margin Automotive Segment	Percent	9.5	8.9	+0.6 %points
Revenues	€ million	45,867	44,852	2.3
Thereof:     Automotive	€ million	41,686	40,543	2.8
Motorcycles	€ million	1,199	1,189	0.8
Financial Services	€ million	12,537	12,212	2.7
Other Entities	€ million	3	3	-
Eliminations	€ million	-9,558	-9,095	-5,1
Profit before financial result (EBIT)	€ million	5,182	5,046	2.7
Thereof:   Automotive	€ million	3,941	3,613	9.1
Motorcycles	€ million	192	227	-15.4
Financial Services	€ million	1,120	1,058	5.9
Other Entities	€ million	23	134	-82.8
Eliminations	€ million	-94	14	-
Profit before tax (EBT)	€ million	5,166	4,851	6.5
Thereof:   Automotive	€ million	4,011	3,478	15.3
Motorcycles	€ million	191	226	-15.5
Financial Services	€ million	1,073	1,055	1.7
Other Entities	€ million	44	121	-63.6
Eliminations	€ million	-153	-29	-
Income taxes	€ million	-1,576	-1,586	0.6
Net profit	€ million	3,590	3,265	10.0
Earnings per share 2	€	5.44/5.45	4.96/4.97	9.7/9.7

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