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MarketScreener Homepage  >  Equities  >  Xetra  >  BMW AG    BMW   DE0005190003

BMW AG

(BMW)
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Bayerische Motoren Werke : BMW Motorrad generates new strategic event stimulus. The 20th BMW Motorrad Days will move to Berlin in 2021.

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09/16/2020 | 01:09pm EDT

Munich After a total of 18 successful BMW Motorrad Days events in succession in Garmisch-Partenkirchen, the world's biggest BMW Motorrad meeting will take place in Berlin in 2021 - in the heart of Europe and at the same time in the place where BMW motorcycles have been built for more than 50 years and motorcycle future is being shaped. In taking this step, BMW Motorrad is breaking new ground with a tradition-steeped event that began in 2001 as the BMW Motorrad Biker Meeting in Seefeld, Austria.

Dr. Markus Schramm, Head of BMW Motorrad: "The BMW Motorrad Days in Garmisch-Partenkirchen has been a genuine success story - an event that has attracted tens of thousands of visitors every year and was founded on excellent cooperation with the municipality of Garmisch-Partenkirchen. My special thanks go to Mrs Elisabeth Koch, First Mayor, the local institutions and companies - and last but not least the people of Garmisch-Partenkirchen. With their great commitment over a period of almost two decades, they have all contributed to making the BMW Motorrad Days an incomparable, globally unique event within the motorbike world."

The "BMW Motorrad Days goes Berlin" decision was taken with the aim of breaking new ground in brand development for the future and developing new concepts so as to give the BMW Motorrad Days a powerful fresh stimulus. At the same time, Berlin is an ideal platform for zero-emission mobility solutions and urban mobility concepts on two wheels.

"We believe Berlin is the perfect place for the BMW Motorrad Days 2021. As an international city offering a rich cultural experience, a wide range of excursions in the surrounding area and a unique lifestyle, the capital of Germany has everything it takes to make the BMW Motorrad Days even more diverse and attractive in the coming year," says Dr. Markus Schramm.

The governing mayor Michael Müller: "I am very pleased that the BMW Motorrad Days, one of the largest motorcycle events in Europe, will come to Berlin next year and that we were able to win this attractive and traditional event for our city. This is a highlight not only for motorcycle enthusiasts, but also for the citizens of Berlin and our guests from all over the world. The fact that BMW Motorrad wants to break new ground here in Berlin is an important sign - for the city and the motorcycle industry alike. It is also a commitment to this industrial production site in Berlin, where BMW has been producing motorcycles for five decades now. At a time when issues relating to mobility and transport are playing an increasingly important role for the future of cities, Berlin can provide new and important impetus in hosting the event."

You will find press material on BMW motorcycles and BMW Motorrad rider equipment in the BMW Group PressClub at www.press.bmwgroup.com.

In case of queries please contact:

Tim Diehl-Thiele, Head of Communication BMW Motorrad

Telephone: +49 151 601 57505, Tim.Diehl-Thiele@bmw.de

Jennifer Treiber-Ruckenbrod, Head of Communication MINI and BMW Motorrad

Telephone: +49-89-382-35108, Jennifer.Ruckenbrod@bmwgroup.de

Internet: www.press.bmw.de

E-mail: presse@bmw.de

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 EUR 7.118 billion on revenues amounting to EUR 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/

.

(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE


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Financials
Sales 2020 95 910 M 113 B 113 B
Net income 2020 2 963 M 3 500 M 3 500 M
Net cash 2020 17 486 M 20 656 M 20 656 M
P/E ratio 2020 14,1x
Yield 2020 2,17%
Capitalization 41 241 M 48 737 M 48 717 M
EV / Sales 2020 0,25x
EV / Sales 2021 0,22x
Nbr of Employees 133 778
Free-Float 57,3%
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 69,96 €
Last Close Price 63,93 €
Spread / Highest target 87,7%
Spread / Average Target 9,43%
Spread / Lowest Target -45,8%
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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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