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MarketScreener Homepage  >  Equities  >  Xetra  >  BMW AG    BMW   DE0005190003

BMW AG

(BMW)
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BMW : says third-quarter cash flow in auto segment was above expectations

10/19/2020 | 10:34pm EST
Bangkok International Motor Show

FRANKFURT (Reuters) - BMW on Monday said rebounding markets helped the German carmaker to deliver higher-than-expected free cash flow in the automotive segment during the third quarter.

Free cash flow amounted to 3.07 billon euros ($3.61 billion) in the third quarter, up from 714 million euros ($840.16 million) in the year-earlier period, the carmaker said late on Monday.

"This was due in particular to a faster recovery in several markets, which led to higher sales growth," BMW said in a preliminary earnings release which was published ahead of the company's scheduled quarterly earnings on Nov. 4.

An optimisation of working capital and a reduction of fixed costs and capital expenditure had helped to bolster earnings, but earnings forecasts for the individual segments and the multi-brand carmaking 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 said.

(Reporting by Edward Taylor; Editing by Chris Reese and Lisa Shumaker)


© Reuters 2020
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Financials
Sales 2020 96 624 M 117 B 117 B
Net income 2020 3 446 M 4 184 M 4 184 M
Net cash 2020 16 224 M 19 700 M 19 700 M
P/E ratio 2020 14,2x
Yield 2020 2,29%
Capitalization 47 867 M 58 162 M 58 124 M
EV / Sales 2020 0,33x
EV / Sales 2021 0,29x
Nbr of Employees 133 778
Free-Float 57,3%
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 75,98 €
Last Close Price 74,29 €
Spread / Highest target 62,9%
Spread / Average Target 2,27%
Spread / Lowest Target -19,2%
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Managers
NameTitle
Oliver Zipse 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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