69 BMW Group Report 2024 To Our Stakeholders Combined Management Report Group Financial Statements Responsibility Statement and Auditor’s Report Remuneration Report Other Information Financial Performance COMPARISON OF FORECASTS WITH ACTUAL OUTCOMES After a strong first half of 2024 in line with expectations, the BMW Group adjusted its forecast for the full year in September. The adjustment was due to delivery stops linked to the Inte- grated Brake System (IBS) that is provided by a supplier, as well as still muted demand in China. By the end of the year, the BMW Group’s actual business performance was in line with the adjusted outlook. Overall, volumes were slightly below the previ- ous year’s level. Selling prices were also down slightly. Personnel and supply chain costs continued to rise in 2024 due to the high level of inflation in recent years. The carbon emissions of the new EU vehicle fleet were signifi- cantly below the mandatory thresholds applicable for the report- ing year. Due to the decline in production volumes, the reduction in carbon emissions per vehicle produced (Scope 1 and 2 emis- sions of the BMW Group sites) was less than initially planned at the beginning of the year. The following table summarises the development of the BMW Group’s key performance indicators in the financial year 2024 compared to the forecasts made in the BMW Group Report 2023. Detailed information on the BMW Group’s key performance indi- cators is provided below in conjunction with the analysis of the Group’s results of operations, financial position and net assets. The development of the most significant performance indicators is described in the relevant chapters on the Automotive, Motor- cycles and Financial Services segments. An explanation of the development of other non-financial performance indicators is in- cluded in the ↗ Sustainability Statement. BMW Group: Comparison of the forecast for 2024 with actual outcomes in 2024 Forecast for 2024 in 2023 Group Report Forecast revision during the year Actual outcome in 2024 G R O U P Profit before tax Slight decrease Q3: Significant decrease € million 10,971 (–35.8%) Significant decrease Workforce at year-end1 Slight increase 159,104 (+2.7%) Slight increase Share of women in management positions1 Slight increase % 21.7 (+4.3%) Slight increase A U T O M O T I V E S E G M E N T EBIT margin Between 8 and 10 Q3: Between 6 and 7 % 6.3 (–3.5% points) Return on capital employed (RoCE) Between 15 and 20 Q3: Between 11 and 13 % 11.4 (–8.8% points) Deliveries Slight increase Q3: Slight decrease units 2,450,854 (–4.0%) Slight decrease Share of all-electric cars in deliveries Significant increase % 17.4% (+18.4%) Significant increase CO₂ emissions EU new vehicle fleet1, 2 Slight reduction g/km 99.5 (–2.5%) Slight reduction CO₂e emissions per vehicle produced (scope 1 and 2 of BMW Group locations)1, 3 Moderate reduction Q3: Slight reduction tonnes 0.27 (–3.6%) Slight reduction M O T O R C Y C L E S S E G M E N T EBIT margin Between 8 and 10 Q3: Between 6 and 7 % 6.1 (–2.0% points) Return on capital employed (RoCE) Between 21 and 26 Q3: Between 14 and 16 % 15.5 (–6.6% points) Deliveries Slight increase Q3: In line with last year's level units 210,385 (+0.6%) In line with last year's level F I N A N C I A L S E R V I C E S S E G M E N T Return on equity (RoE) Between 14 and 17 Q2: Between 15 and 18 % 15.1 (–2.1% points) 1 Definition of performance indicators in line with the outlook for 2024. From the financial year 2025 onwards, changes will result from the switch to ESRS reporting and new strategic targets relating to CO2e emissions, see ↗ Performance Indicators and Performance Management. 2 EU-27 countries including Norway and Iceland; with effect from 2021, figures are calculated in line with WLTP (Worldwide Harmonised Light Vehicles Test Procedure). This is a preliminary internal calculation with a potential variation of +/– 0.5 g CO2/km, as official registration figures from the authorities are not available for all EU states. Figures officially published by the European Commission are not expected to be available until November of the following year. Including an allowance for eco-innovations (amounts of minor significance). 3 See ↗ Glossary and Explanation of Key Figures for the definition.