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MarketScreener Homepage  >  Equities  >  Xetra  >  BMW AG    BMW   DE0005190003

BMW AG

(BMW)
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BMW assures Hungary factory project unaffected by sector struggles

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05/16/2019 | 05:11am EDT
Car manufacturers display their wares on the show floor of the North American International Auto Show in Detroit

BUDAPEST (Reuters) - German car maker BMW has assured Hungary it that an investment in a new factory in eastern Hungary is going ahead as planned, the Hungarian government said on Thursday.

BMW and sector peer Daimler have started billion-euro factory construction projects in Hungary yet both are under review due to a projected fall in demand, German newspaper Handelsblatt reported.

"I still need to get information about (Daimler), but BMW fully informed us yesterday," Gergely Gulyas, the prime minister's chief of staff, told a media briefing.

"In no way does the existing decline in the German auto industry affect the BMW factory in Debrecen."

(Reporting by Krisztina Than and Marton Dunai; editing by Jason Neely)

Stocks mentioned in the article
ChangeLast1st jan.
BMW AG 0.25% 65.15 Delayed Quote.-8.08%
BMW VZ 0.00% 52.2 Delayed Quote.-15.94%
DAIMLER AG -0.17% 47.345 Delayed Quote.3.13%
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Financials (EUR)
Sales 2019 98 725 M
EBIT 2019 7 345 M
Net income 2019 5 200 M
Finance 2019 15 750 M
Yield 2019 4,69%
P/E ratio 2019 8,25x
P/E ratio 2020 6,87x
EV / Sales2019 0,27x
EV / Sales2020 0,29x
Capitalization 42 150 M
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Mean consensus HOLD
Number of Analysts 31
Average target price 72,56  €
Last Close Price 65,12  €
Spread / Highest target 81,2%
Spread / Average Target 11,4%
Spread / Lowest Target -25,9%
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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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