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MarketScreener Homepage  >  Equities  >  Xetra  >  BMW AG    BMW   DE0005190003

BMW AG

(BMW)
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BMW : to halt production at Oxford plant on planned Brexit date

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09/10/2019 | 05:45am EDT
A logo of German luxury carmaker BMW, is seen ahead of the company's annual news conference in Munich

BERLIN (Reuters) - BMW will halt production at its Oxford plant on Oct. 31 and Nov. 1 and is considering removing a shift there in case the United Kingdom leaves the European Union without a deal, its Chief Financial Officer Nicolas Peter said on Tuesday.

Peter said a no-deal Brexit would impact production, adding that suspending production on the date of Britain's scheduled departure from the EU and the following day would shield BMW from losses in its logistics.

Speaking at the Frankfurt motor show, he also confirmed the company's 2019 financial targets, but said it was too early to make a forecast for 2020 which would partly depend the developments in the trade dispute between the United States and China.

(Reporting by Jörn Poltz, writing by Riham Alkousaa, editing by Tassilo Hummel)

Stocks mentioned in the article
ChangeLast1st jan.
BMW AG 0.25% 65.15 Delayed Quote.-8.08%
EURO / BRITISH POUND (EUR/GBP) 0.07% 0.8827 Delayed Quote.-1.93%
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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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Technical analysis trends BMW AG
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Income Statement Evolution
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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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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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