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BAYERISCHE MOTOREN WERKE AG

(BMW)
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Ad-hoc announcement: Preliminary free cash flow for the Automotive segment of BMW AG in the third quarter of 2020 above market expectations

10/19/2020 | 02:30pm EDT

Munich. The preliminary free cash flow for the Automotive segment of BMW AG in the third quarter 2020 amounts to €3,065 million (previous year: €714 million) and thus exceeds current market expectations.

This was due in particular to a faster recovery in several markets, which led to higher sales growth. In addition, a focused management has led to an optimisation of working capital and a further reduction of fixed costs and capital expenditure.

The impact of this development on the free cash flow for the Automotive segment for the full year will be communicated with the release of the Quarterly Statement to 30 September 2020.

The previous earnings forecasts for the individual segments and the Group remain unchanged.

Economic disruption caused by the coronavirus pandemic continues to significantly impair forecasting and leads therefore to considerable uncertainty in providing an accurate outlook.

BMW AG will publish further details on the results of the third quarter 2020 on 4 November 2020.

The definition of free cash flow is provided on page 244 in the BMW Group Annual Report 2019. Working capital comprises inventories as well as trade receivables and trade payables.

In case of queries please contact:

Corporate Communications

Dr. Britta Ullrich, Corporate Communications

Telephone: +49 89 382-18364, britta.ullrich@bmwgroup.com

Eckhard Wannieck, Head of Corporate and Culture Communications

Telephone: +49 89 382-24544, eckhard.wannieck@bmw.de

Internet: www.press.bmwgroup.com

E-mail: presse@bmwgroup.com

The BMW Group

With its four brands BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW Group is the world's leading premium manufacturer of automobiles and motorcycles and also provides premium financial and mobility services. The BMW Group production network comprises 31 production and assembly facilities in 15 countries; the company has a global sales network in more than 140 countries.

In 2019, the BMW Group sold over 2.5 million passenger vehicles and more than 175,000 motorcycles worldwide. The profit before tax in the financial year 2019 was € 7.118 billion on revenues amounting to € 104.210 billion. As of 31 December 2019, the BMW Group had a workforce of 126,016 employees.

The success of the BMW Group has always been based on long-term thinking and responsible action. The company has therefore established ecological and social sustainability throughout the value chain, comprehensive product responsibility and a clear commitment to conserving resources as an integral part of its strategy.

www.bmwgroup.com

Facebook: http://www.facebook.com/BMWGroup

Twitter: http://twitter.com/BMWGroup

YouTube: http://www.youtube.com/BMWGroupView

Instagram: https://www.instagram.com/bmwgroup

LinkedIn: https://www.linkedin.com/company/bmw-group/

Disclaimer

BMW - Bayerische Motoren Werke AG published this content on 19 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2020 18:29:04 UTC


© Publicnow 2020
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Financials
Sales 2021 109 B 130 B 130 B
Net income 2021 7 949 M 9 442 M 9 442 M
Net cash 2021 18 709 M 22 224 M 22 224 M
P/E ratio 2021 7,48x
Yield 2021 4,08%
Capitalization 59 116 M 70 084 M 70 222 M
EV / Sales 2021 0,37x
EV / Sales 2022 0,33x
Nbr of Employees 120 726
Free-Float 57,3%
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 100,95 €
Last Close Price 90,95 €
Spread / Highest target 48,4%
Spread / Average Target 11,0%
Spread / Lowest Target -12,0%
EPS Revisions
Managers and Directors
NameTitle
Oliver Zipse Chairman-Management Board
Nicolas Peter Chief Financial Officer
Norbert Reithofer Chairman-Supervisory Board
Susanne Klatten Independent Member-Supervisory Board
Manfred Schoch Deputy Chairman-Supervisory Board
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