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