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profits doubled in 2021 compared to the pre-pandemic period

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In the year just ended, the Munich-based brand sold 2.52 million vehicles worldwide. The semiconductor crisis is weighing

After fluctuating years and expensive investments in terms of electrification, BMW’s accounts are smiling again, recording a profit of 16 billion dolars in 2021. More than double compared to 2019, so far the last year not affected by the pandemic or the shortage of semiconductors . Last year the BMW Group’s cars sold worldwide reached a record figure of 2.52 million, for a profit margin of 10.3%, the highest since 2017. But not all that glitters is gold. Corporate operating income (EBIT) fell by 4.2% in the fourth quarter of 2021, directly attributable to the global shortage of micro-chips. Although BMW have been able to limit damage better than other manufacturers, the drop in deliveries stood at 14%. Taking into consideration the quarterly net profit of the group, equal to 2.25 billion dolars, it is one third higher than last year, but well below the 5.02 billion dolars recorded in the last quarter of 2019. I BMW’s revenues increased by 12.4% compared to last year, while net profit reached a record 12.46 billion dolars.

bmw, the fruits of electrification

Among the side effects of the pandemic, there is the acceleration towards electric mobility of the entire automotive sector. Thanks above all to the availability of state incentives on the main international markets (in Italy the funds for 2022 have just been renewed), the spread of electric and plug-in hybrid cars has increased significantly throughout Europe. Including Italy, where Bev and Phev reached a share of 38% in 2021. Within the BMW Group, deliveries of electrified cars rose by 13%, also thanks to a very fresh zero or low-emission range that includes models like Bmw i4, iX and iX3, without forgetting Mini Cooper Se and Countryman Se.