Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

BAYERISCHE MOTOREN WERKE AG

(BMW)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 01/18 02:38:57 pm
98.895 EUR   -0.13%
08:18aBMW : UBS reaffirms its Neutral rating
MD
05:10aTHIS WEEK AT THE NINTH : Arbitration Two Ways
AQ
12:36aEMEA MORNING BRIEFING : Shares Seen Weighed by -2-
DJ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

BMW : 2020 Earnings, Revenue Fall -- Update

03/11/2021 | 07:18am EST

--BMW's full-year earnings and revenue took a hit from the pandemic

--The car maker had a rebound in the second half of the year

--BMW sees itself in a "favorable starting position" for 2021

By Kim Richters

BMW AG on Thursday reported lower earnings and revenue in 2020 amid the coronavirus pandemic, but was optimistic about 2021 after a recovery in the second half.

The German luxury car maker's full-year aftertax profit fell to 3.86 billion euros ($4.60 billion) from EUR5.02 billion a year earlier.

Earnings before interest and taxes declined to EUR4.83 billion from EUR7.41 billion, and revenue for the year dropped 5% to EUR98.99 billion from EUR104.21 billion.

The company proposed dividends of EUR1.90 a common share and EUR1.92 a preferred share, lower than the 2019 dividends of EUR2.50 a share of common stock and EUR2.52 a share of preferred stock.

BMW said it had a strong second half in 2020, as it saw business recovering and high demand in its automotive segment.

For the last quarter of the year, BMW's automotive revenue was EUR26.02 billion and 3% lower on year. However, automotive EBIT came in 10% higher on year and stood at EUR2.01 billion. Earnings benefited from a higher share of vehicles sold in high-margin market segments, the company said.

"We have improved the situation on the cost side by cutting fixed costs and lowering capital expenditure, putting us in a favorable starting position to make 2021 a more profitable year," Chief Financial Officer Nicolas Peter said in a statement.

At 1153 GMT, shares in BMW traded 2.2% lower at EUR79.59.

Nord/LB analyst Frank Schwope said BMW presented quite strong figures for the year considering the pandemic, even though they were slightly below market expectations.

Write to Kim Richters at kim.richters@wsj.com

(END) Dow Jones Newswires

03-11-21 0717ET

All news about BAYERISCHE MOTOREN WERKE AG
08:18aBMW : UBS reaffirms its Neutral rating
MD
05:10aTHIS WEEK AT THE NINTH : Arbitration Two Ways
AQ
12:36aEMEA MORNING BRIEFING : Shares Seen Weighed by -2-
DJ
01/17BMW : JP Morgan reaffirms its Neutral rating
MD
01/16BAYERISCHE MOTOREN WERKE : Sales figures for the MINI Electric almost doubled, MINI brand ..
PU
01/1524H DUBAI : new BMW M4 GT3 passes endurance test at first official race appearance.
PU
01/14BMW : Jefferies gives a Buy rating
MD
01/14BAYERISCHE MOTOREN WERKE : Andreas Roos takes over as new Head of BMW M Motorsport.
PU
01/14BAYERISCHE MOTOREN WERKE : BMW Motorrad reveals R 18 M and R 18 Aurora at the Verona Motor..
PU
01/13BMW cautious on bringing batteries in-house despite rising sales
RE
More news
Analyst Recommendations on BAYERISCHE MOTOREN WERKE AG
More recommendations
Financials
Sales 2021 111 B 126 B 126 B
Net income 2021 10 946 M 12 393 M 12 393 M
Net cash 2021 19 990 M 22 631 M 22 631 M
P/E ratio 2021 5,79x
Yield 2021 5,52%
Capitalization 64 392 M 72 965 M 72 901 M
EV / Sales 2021 0,40x
EV / Sales 2022 0,34x
Nbr of Employees 120 726
Free-Float -
Chart BAYERISCHE MOTOREN WERKE AG
Duration : Period :
Bayerische Motoren Werke AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BAYERISCHE MOTOREN WERKE AG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 99,02 €
Average target price 110,17 €
Spread / Average Target 11,3%
EPS Revisions
Managers and Directors
Oliver Zipse Senior VP-Corporate Planning & Product Strategy
Nicolas Peter Group Leader-Corporate Finance
Norbert Reithofer Chairman-Supervisory Board
Susanne Klatten Independent Member-Supervisory Board
Manfred Schoch Chairman-General Works Council
Sector and Competitors
1st jan.Capi. (M$)
BAYERISCHE MOTOREN WERKE AG11.90%73 457
TOYOTA MOTOR CORPORATION15.08%292 209
VOLKSWAGEN AG8.51%137 538
FORD MOTOR COMPANY21.28%100 665
DAIMLER AG9.87%90 630
GENERAL MOTORS COMPANY4.21%88 709