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
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.
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.
Telephone: +49 89 382-18364, britta.ullrich@bmwgroup.com
Eckhard Wannieck, Head of
Telephone: +49 89 382-24544, eckhard.wannieck@bmw.de
Internet: www.press.bmwgroup.com
E-mail: presse@bmwgroup.com
With its four brands
In 2019, the
The success of the
www.bmwgroup.com
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/
.
(C) 2020 M2 COMMUNICATIONS, source