The chart above displays the gross profit of the BMW group from 2010 to 2022 in millions of Euros.
In 2022, BMW has enjoyed impressive growth its net sales and profits. The gross profit of the company increased 11.7% in 2022 compared to the prior year. Its total gross profit for 2022 was €24,568 million compared to €21,986 million in 2021.
Gross Profit of BMW AG 2007-2022
| Year | Gross Profit (Millions) |
| 2022 | €24,568 |
| 2021 | €21,986 |
| 2020 | €13,582 |
| 2019 | €18,063 |
| 2018 | €18,378 |
| 2017 | €19,953 |
| 2016 | €18,721 |
| 2015 | €18,132 |
| 2014 | €17,005 |
| 2013 | €15,268 |
| 2012 | €15,494 |
| 2011 | €14,545 |
| 2010 | €10,932 |
| 2009 | €5,325 |
| 2008 | €9,434 |
| 2007 | €4,121 |
In 2021, BMW group’s gross profit increased 61.9% compared to the previous year. The company generated € 21,986 million in gross profit in 2021 compared to € 13,582 million in 2020. Its net revenues also grew 12.4% in 2021 compared to 2020. The company had € 111,239 million in net revenues from global sales in 2021 compared to €98,990 in 2020.
BMW Group’s gross profits declined by 24.2% in 2020 compared to the previous year. Its gross profit fell to € 13,582 million in 2020, compared to € 18,063 in 2019.
About BMW Group:
The BMW Group was founded on 7 March 1916. the full form of BMW AG is ‘Bayerische Motoren Werke AG’. Today BMW is one of the leading manufacturers of premium cars and motorcycles. It owns four brands – BMW, MINI, Rolls-Royce, and BMW Motorrad.
The BMW Group has 31 production and assembly facilities in 15 countries and a global sales network. the number of employees working for the group in 2020 was 120,726. The company delivered more than 2.3 million (2,325,179 total) passenger vehicles during 2020 and sold more than 169,000 (169,272 total) motorcycles worldwide.
The net revenue of the company for 2020 was € 98,990 million, having declined. by 5% compared to the previous year. The group generated a net profit of 3.86 billion Euros in 2020, down 23% compared to the last year.
The Gross Profits of BMW have kept increasing continuously for last several years. Its Gross Profits rose to 19.9 Billion Euros in 2017 rising from 18.7 Billion in 2016. This is the highest BMW has achieved till date.
About BMW:
The BMW group includes BMW AG and all of its direct and indirect subsidiaries. BMW AG is responsible for managing the entire group. Its business is divided into three main segments that include automotive, motorcycles and financial services. It is a global brand that operates more than 150 countries. All brands BMW owns focus on the premium customer segment. The company owns three of the most famous premium vehicle brands in the entire industry including BMW, Rolls Royce and Mini Cooper.
Sources:
Annual Report BMW Group
Abhijeet Pratap is a passionate blogger with seven years of experience in the field. Specializing in business management and digital marketing, he has developed a keen understanding of the intricacies of these domains. Through his insightful articles, Abhijeet shares his knowledge, helping readers navigate the complexities of modern business landscapes and digital strategies.