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MarketScreener Homepage  >  Equities  >  Xetra  >  BMW AG    BMW   DE0005190003

BMW AG

(BMW)
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BMW St : Ailing BMW Appoints Production Chief Zipse as Next CEO

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07/18/2019 | 03:30pm EDT

By Sara Germano

BERLIN -- BMW AG said it would appoint its current head of production Oliver Zipse as its next chief executive as the struggling auto maker contends with shrinking profits, global trade fights and the intensifying race to build electric cars.

Mr. Zipse, who is 55 and a 28-year veteran of BMW, will take the helm on August 16, BMW said Thursday. The announcement follows a decision by current chief executive Harald Krüger, who said two weeks ago he intended to step down.

Nobert Reithofer, chairman of BMW's supervisory board, described Mr. Zipse in a statement Thursday as "a decisive strategic and analytical leader." Mr. Zipse has experience in product engineering and has served as the auto maker's head of production since 2015.

The luxury auto maker is facing a host of problems, including a global economic slowdown, uncertainty around Brexit and the challenge of building costly electric vehicles amid stricter emissions regulations.

Write to Sara Germano at sara.germano@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
BAYERISCHE MOTOREN WERKE AG (PREFERENCE) 0.79% 48.32 Delayed Quote.-22.19%
BMW AG 1.26% 59.56 Delayed Quote.-15.76%
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Financials (EUR)
Sales 2019 98 863 M
EBIT 2019 7 393 M
Net income 2019 5 198 M
Finance 2019 15 553 M
Yield 2019 5,05%
P/E ratio 2019 7,55x
P/E ratio 2020 6,20x
EV / Sales2019 0,23x
EV / Sales2020 0,22x
Capitalization 38 615 M
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Technical analysis trends BMW AG
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Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 31
Average target price 73,86  €
Last Close Price 59,64  €
Spread / Highest target 97,9%
Spread / Average Target 23,8%
Spread / Lowest Target -11,1%
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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