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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 Third-Quarter Earnings Fall On Higher Costs

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11/07/2017 | 08:21am CEST
   By Max Bernhard 
 

Luxury car maker BMW AG (BMW.XE) said Tuesday that its net profit fell in the third quarter, citing research and development costs and investments related to the company changing focus from combustion engines to e-mobility technology.

Net profit after minorities fell 2.8% to EUR1.76 billion ($2.04 billion) in the third quarter from EUR1.81 billion a year earlier. BMW said earnings before interest and taxes fell 3.2% to EUR2.30 billion in the period from EUR2.38 billion the year before.

"We are investing substantially in tomorrow's mobility, enabling us to maintain our leading position of innovation and sustainable employment," said Harald Krueger, chief executive of BMW.

Revenue stayed almost flat, growing 0.3% to EUR23.42 billion, beating analyst expectations of EUR22.97 billion in a consensus estimate provided by FactSet.

In the automotive segment, BMW's closely-watched Ebit margin fell to 8.3% in the quarter from 8.5% in the year-ago period.

BMW confirmed its guidance for 2017, expecting a solid increase in pretax profit and a slight revenue increase for its automotive segment, which it expects to report an Ebit margin of between 8% and 10%.

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

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Financials (€)
Sales 2018 98 436 M
EBIT 2018 9 716 M
Net income 2018 7 489 M
Finance 2018 21 297 M
Yield 2018 4,74%
P/E ratio 2018 7,35
P/E ratio 2019 7,16
EV / Sales 2018 0,33x
EV / Sales 2019 0,32x
Capitalization 54 270 M
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Technical analysis trends BAYERISCHE MOTOREN WERKE
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Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 31
Average target price 93,3 €
Spread / Average Target 12%
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
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