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

BAYERISCHE MOTOREN WERKE (BMW)
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Bayerische Motoren Werke : Historic success for BMW Motorrad Classic and a fantastic spectacle.

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09/11/2018 | 11:12am CEST

Additional images of Goodwood Revival 2018 available at the BMW Group Classic Mediaserver: www.bmwgroupclassic-downloads.com

Munich/Goodwood. The man in the suit looked surreptitiously around all the classic cars, then he slowly opened the left-hand side of his jacket - lots of pocket watches were dangling inside his jacket. 'Special price, special price', he murmured to the astonished onlookers. . . Scenes like this are typical for the Goodwood Revival Meeting: It's a spectacle from start to finish.

Every guest is part of the drama at the annual rendezvous around the Goodwood Circuit and on the race track located in southern England. Genuine performers, professional racing drivers and innumerable mechanics revive an era of motor sport that has long since passed into the annals of history. This year once again, more than 150 000 visitors took a trip down memory lane and enjoyed some 360 automobiles and 30 motorcycles on the race track, along with the numerous heritage treasures waiting to be admired.

Classic motorcycles from BMW Motorrad were put through their paces on the race track and demonstrated that they should certainly not be consigned to the scrap heap. Australian racing legend Troy Corser achieved some impressive records and a historic triumph. On the BMW R 57 Kompressor, he and Herbert Schwab won the overall placings as they competed for the traditional Barry Sheene Memorial Trophy. Already in the first race on the Saturday, the duo crossed the finishing line in third place after a false start and a subsequent spectacular pursuit. In the second race on the Sunday, Corser and Schwab even succeeded in passing the chequered flag as winners. This enabled them to come out on top in the overall placings when the two results were put together. This was the first overall win for BMW Group Classic at the Goodwood Revival.

The sensational performance of the BMW R 57 Kompressor was complemented with a further tour de force by Corser. The two-times Superbike World Champion rode the fastest lap of the entire weekend and simultaneously achieved the best lap time ever ridden on the Goodwood Circuit with a classic motorcycle. The other teams also made their contribution to the exceptionally successful appearance by BMW Motorrad Classic in Goodwood. Maria Costello and Claus Clausen riding the second BMW R 57 Kompressor came tenth when they competed in the race on the Sunday. In the same race, Klaus Ottillinger and Sebastian Gutsch rode their BMW R 5 to fourth place.

The races for the Barry Sheene Memorial Trophy recall the 'BMCRC 1000cc Scratch Race' in which grand prix bikes, slightly modified road motorcycles and specials battled for victory on 'Motor Cycling Goodwood Saturday' in 1951. At the Goodwood Revival in 2018, historic automobiles also competed in a trial of strength emulating an old tradition. The entrants included an Austin Mini Cooper S Competition and a BMW 1800 TI/SA. They even took part in the same race for the 'St. Marys Trophy', named after the bend with the most action on the 3.8 kilometre Goodwood circuit. They were competing with lots of other classic Minis, a veritable horde of Ford Lotus Cortinas, Alfa Romeo 1600 GTA coupés and Jaguar Mark II saloons. The drivers lived up to their reputation and delighted the public gallery. The races are not show acts - nobody wants to be overtaken here even if there is only fame and honour to be gained.

The classic Mini heralded the entry into motor sport for a host of drivers who subsequently became successful professionals - names like Lauda, Hunt and Stewart are associated with the car. There again the 'Rally Professor' Rauno Aaltonen - who subsequently went on to become head of BMW driver training - achieved his biggest successes in the diminutive British car. The BMW 1800 TI/SA is one of those cars that allowed the make to prove its potential in touring-car racing during the 1960s. The1.8 litre four-cylinder engine powering the saloon in the road-going version generated 110 hp, while two twin carburettors and higher compression in the motor-sport guise of the 'Special' - 'Sonderausführung - (SA) increased the power to 130 hp to allow a top speed of up to 190 km/h.

Alongside the racing events on the Goodwood Circuit, BMW Group Classic fascinated the public with the acclaimed BMW 507 once owned by Elvis Presley, a rare BMW 503 convertible and an open-top Rolls-Royce Silver Cloud. The vehicles were presented entirely in the style of the 1950s and 1960s. A replica of the traditional London motor-car dealer Kevill-Davies & March was set up not far from the race track.

Disclaimer

BMW - Bayerische Motoren Werke AG published this content on 11 September 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 September 2018 09:11:04 UTC

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Financials (€)
Sales 2018 97 874 M
EBIT 2018 9 523 M
Net income 2018 7 442 M
Finance 2018 21 194 M
Yield 2018 5,00%
P/E ratio 2018 7,03
P/E ratio 2019 6,82
EV / Sales 2018 0,31x
EV / Sales 2019 0,29x
Capitalization 51 328 M
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Mean consensus HOLD
Number of Analysts 31
Average target price 92,7 €
Spread / Average Target 17%
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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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