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    BMW   DE0005190003

BMW AG

(BMW)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 06/17 03:59:58 pm
93.285 EUR   +0.33%
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BMW Backs 2021 View After Profit Rises in 1Q

05/07/2021 | 02:22am EDT

By Kim Richters

BMW AG on Friday reported a jump in first-quarter profit, and said it plans to meet the higher end of its forecast for the auto-business margin this year.

The German luxury car maker's quarterly net profit jumped to 2.81 billion euros ($3.39 billion) thanks to higher deliveries and better pricing, compared with EUR554 million the same period a year earlier. Revenue increased to EUR26.78 billion from EUR23.25 billion.

BMW confirmed previously released earnings before interest and taxes in its automotive segment of EUR2.24 billion, up from EUR229 million, and the corresponding EBIT margin, which soared to 9.8% from 1.3%.

For 2021, the auto maker said negative effects from the coronavirus pandemic couldn't be ruled out and rising raw materials prices could weigh on earnings.

However, BMW backed its outlook for the full year, expecting profit before taxes for the group to be significantly higher than in 2020 and auto deliveries to rise solidly. In the automotive segment, it now aims to reach the upper end of the previously announced EBIT margin forecast range of 6% to 8%.

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

(END) Dow Jones Newswires

05-07-21 0221ET

Stocks mentioned in the article
ChangeLast1st jan.
BMW AG 0.30% 93.26 Delayed Quote.28.73%
DJ INDUSTRIAL -0.62% 33823.45 Delayed Quote.12.07%
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More news
Financials
Sales 2021 109 B 130 B 130 B
Net income 2021 7 949 M 9 475 M 9 475 M
Net cash 2021 18 709 M 22 300 M 22 300 M
P/E ratio 2021 7,65x
Yield 2021 4,00%
Capitalization 60 599 M 72 201 M 72 230 M
EV / Sales 2021 0,38x
EV / Sales 2022 0,35x
Nbr of Employees 120 726
Free-Float 57,3%
Chart BMW AG
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Technical analysis trends BMW AG
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 100,95 €
Last Close Price 92,98 €
Spread / Highest target 45,2%
Spread / Average Target 8,57%
Spread / Lowest Target -14,0%
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
Sector and Competitors
1st jan.Capitalization (M$)
BMW AG28.73%73 224
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VOLKSWAGEN AG46.73%159 447
DAIMLER AG36.77%102 472
GENERAL MOTORS COMPANY48.32%89 593
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