BMW Group Investor Presentation
THE BMW GROUP IS COMMITTED TO PLAYING A KEY ROLE IN
TOMORROW'S MOBILITY.
R&D Ratio.**
R&D Expenditure.*
[in m€, HGB]
[in %, HGB]
8,000
7,000
6.5
6,000
5.6
5.4
5.1
4.8
4.9
5,000
4.6
4,000
7.1
6.3
6.2
6.2
5.7
5.6
5.5
-
6,890
3,000
6,108
6,419
4,792
5,169 5,164
4,566
2,000
3,952
3,208 3,144
3,373
2,864
2,773
2,448
1,000
0
2006
2007
2008
2009
2010
2011
2012 2013*** 2014
2015
2016
2017
2018
2019
BMW Group Investor Presentation, December 2020
HGB: German Commercial Code. I *R&D Expenditure: Research and development expenses plus capitalized research and development cost minus amortization of
capitalized development costs. I ** R&D Ratio: R&D expenditure divided by Group revenues. 1 *** 2013 figures have been adjusted in accordance with IAS 8.
Long-term
target ratio:
5% -5.5%.
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