12.07.2011 – 13:30

Bayerische Motoren Werke AG

EANS-Adhoc: Bayerische Motoren Werke Aktiengesellschaft BMW Group raises sales and earnings outlook for 2011

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  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
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12.07.2011

BMW Group raises sales and earnings outlook for 2011 
Performance in current year better than expected
Automotive segment EBIT margin expected to exceed 10%
Sales volume of over 1.6 million vehicles targeted
Financial Services segment on target for sharp rise in earnings 

Thanks to strong demand on the international auto markets during the second
quarter and for the full year, the BMW Group now expects that business
performance and earnings will be significantly better than previously forecast.
It is therefore raising its sales volume and earnings forecast for the current
financial year. 

It is now forecast that unit sales in 2011 will increase above 10% compared to
the previous year to over 1.6 million BMW, MINI and Rolls-Royce brand cars. The
forecast for the year had previously been for a sales volume of over 1.5 million
units. The number of vehicles handed over to customers worldwide during the
first half of 2011 increased by 19.7% to 833,366 units. The BMW Group continues
to aim to achieve a reasonable balance in sales volume between Europe, Asia and
the Americas.

In view of the strong performance to date and the good outlook for the coming
months, the Automotive segment is now expected to achieve an EBIT margin of over
10% for the full year, compared to the previous forecast of over 8%. The BMW
Group continues to target a return on capital employed (RoCE) in excess of 26%.

Sales volume and earnings growth in the automotive segment is likely to be
dampened during the second half of the year by changes affecting some of the BMW
Group´s high-volume models as well as by the market launch and production
start-up of successor models.

As a result of attractive market conditions and a less acute risk situation, the
Financial Services segment continues to aim to achieve a significant improvement
in pre-tax profit and a return on equity of over 18% in 2011. The sharp
improvement in the risk profile for residual values and credit risks will be
reflected in second-quarter earnings with a positive low three-digit million
euro amount.

Based on the considerably improved outlook, the BMW Group now expects to achieve
an even greater improvement in pre-tax earnings than originally predicted.

All of these targets are based on the assumption that economic and political
conditions remain stable and that the global economy continues to grow.

The BMW Group continues to target an EBIT margin of between 8% and 10% and a
return on capital employed (RoCE) in excess of 26% for its automotive segment in
2012. The Financial Services segment is striving to achieve a return on equity
of at least 18%.

The Quarterly Report to 30 June 2011 will be published on 2 August 2011.


Further inquiry note:
Susanne Meis
Tel.: +49(0)89 382 33005
E-Mail:  susanne.meis@bmw.de

end of announcement                               euro adhoc 
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issuer:      Bayerische Motoren Werke Aktiengesellschaft
             Petuelring 130
             D-80788 München
phone:       +49(0)89 382 0
FAX:         +49(0)89 382 10881
mail:         ir@bmwgroup.com
WWW:         http://www.bmwgroup.com
sector:      Automotive Equipment
ISIN:        DE0005190003, DE0005190037
indexes:     DAX, CDAX, HDAX, Prime All Share
stockmarkets: Hauptsegment: SIX Swiss Exchange, regulated dealing/prime standard:
             Frankfurt, regulated dealing: Berlin, Hamburg, Stuttgart,
             Düsseldorf, Hannover, München 
language:   English