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MarketScreener Homepage  >  Equities  >  Xetra  >  BMW AG    BMW   DE0005190003

BMW AG

(BMW)
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BMW CFO wants to cut 5,000-6,000 jobs by 2022: Manager Magazin

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09/19/2019 | 10:06am EDT
BMW annual news conference in Munich

FRANKFURT (Reuters) - BMW's finance chief Nicolas Peter wants to cut between 5,000 and 6,000 jobs by 2022, mostly at the carmaker's Munich headquarters, a German magazine reported on Thursday.

Manager Magazin also said that Ilka Horstmeier was a favorite to head human resources, while Milan Nedeljkovic would take over as head of production.

BMW, which declined to comment, has been undergoing a shakeup of top managers.

In August, Oliver Zipse succeeded Harald Krueger to became chief executive officer, leaving vacant the production role he had overseen.

On Wednesday, BMW announced that Milagros Caiña Carreiro-Andree, the board member in charge of human resources, would not seek a new term, citing personal reasons.

(Reporting by Tom Sims; additional reporting by Joern Poltz; editing by Thomas Escritt and David Evans)

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Financials (EUR)
Sales 2019 98 800 M
EBIT 2019 7 234 M
Net income 2019 5 226 M
Finance 2019 15 571 M
Yield 2019 4,45%
P/E ratio 2019 8,64x
P/E ratio 2020 7,22x
EV / Sales2019 0,29x
EV / Sales2020 0,28x
Capitalization 44 286 M
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Technical analysis trends BMW AG
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Mean consensus HOLD
Number of Analysts 31
Average target price 72,50  €
Last Close Price 68,47  €
Spread / Highest target 72,3%
Spread / Average Target 5,88%
Spread / Lowest Target -29,5%
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Managers
NameTitle
Oliver Zipse 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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