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

BAYERISCHE MOTOREN WERKE

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Bayerische Motoren Werke : BMW warns of difficult 2019 as it posts lower 2018 profit

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03/15/2019 | 06:49am EDT
89th Geneva International Motor Show in Geneva

FRANKFURT (Reuters) - BMW will step up cost cutting in anticipation of a difficult year, the German carmaker said on Friday, as it reported a 7.9 percent fall in 2018 operating profit due to higher investments in electric cars and currency headwinds.

"We expect strong headwinds to continue to effect the entire sector in 2019," Chief Financial Officer Nicolas Peter said in a statement.

"In view of current developments, we intend to further broaden and significantly intensify these (cost-cutting) efforts," he said, adding the company would reduce the number of vehicle variants on offer.

As a result, BMW will not make a successor to the 3 series Gran Turismo model, it said.

BMW's 2018 earnings before interest and taxes fell to 9.12 billion euros (7.8 billion pounds), just ahead of the 8.94 billion euros forecast by analysts in a poll.

The carmaker said its return on sales for its automotive division fell to 7.2 percent from 9.2 percent a year earlier, as investments in electric cars and a price war triggered by new emissions tests weighed on profit.

(Reporting by Edward Taylor; Editing by Thomas Seythal and Mark Potter)

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Financials (€)
Sales 2019 99 582 M
EBIT 2019 9 052 M
Net income 2019 6 849 M
Finance 2019 17 153 M
Yield 2019 5,32%
P/E ratio 2019 6,81
P/E ratio 2020 6,62
EV / Sales 2019 0,29x
EV / Sales 2020 0,27x
Capitalization 46 273 M
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Technical analysis trends BAYERISCHE MOTOREN WERKE
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TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 30
Average target price 81,0 €
Spread / Average Target 14%
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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