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MarketScreener Homepage  >  Equities  >  Xetra  >  Bayerische Motoren Werke    BMW   DE0005190003

BAYERISCHE MOTOREN WERKE (BMW)
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Bayerische Motoren Werke : BMW Denies Reports That Exhaust Filtering Systems Shut Off

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12/05/2017 | 10:47am CEST
   By Max Bernhard 
 

BMW AG (BMW.XE) on Tuesday denied reports that software in some of its diesel-engine vehicles shuts off exhaust-filtering systems at certain driving conditions, leading to higher nitrogen-oxide emissions.

German daily Der Tagesspiegel and German public broadcaster ZDF's WISO program had reported that the environmental lobby group Deutsche Umwelthilfe had found that nitrogen-oxide emissions for five of BMW's diesel-engine vehicles were up to seven times higher under certain conditions on the road when compared to tests in a laboratory.

The Bavarian car maker said that its vehicles have not been manipulated and comply with legal requirements. It said there were no activities or technical measures to influence the emissions testing and that its exhaust systems were active on the test stand as well as in practice.

Write to Max Bernhard at Max.Bernhard@dowjones.com; @mxbernhard

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Financials (€)
Sales 2018 96 396 M
EBIT 2018 8 989 M
Net income 2018 7 066 M
Finance 2018 21 001 M
Yield 2018 5,17%
P/E ratio 2018 7,03
P/E ratio 2019 6,80
EV / Sales 2018 0,29x
EV / Sales 2019 0,27x
Capitalization 48 547 M
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Mean consensus HOLD
Number of Analysts 30
Average target price 87,6 €
Spread / Average Target 17%
EPS Revisions
Managers
NameTitle
Harald Krüger Chairman-Management Board
Norbert Reithofer Chairman-Supervisory Board
Nicolas Peter Chief Financial Officer
Susanne Klatten Independent Member-Supervisory Board
Manfred Schoch Deputy Chairman-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
BAYERISCHE MOTOREN WERKE-13.38%56 017
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VOLKSWAGEN-13.24%82 454
DAIMLER-25.25%64 281
HONDA MOTOR CO LTD-21.58%49 819
GENERAL MOTORS CORPORATION-21.64%43 850