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    BMW   DE0005190003

BMW AG

(BMW)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 09/17 08:22:07 am
80.885 EUR   -1.44%
02:44aBMW : JP Morgan sticks Neutral
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09/16BAYERISCHE MOTOREN WERKE : Fitch Rates BMW Vehicle Lease Trust 2021-2
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09/16EU New Car Sales Declined Noticeably in August
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Bayerische Motoren Werke : BMW raises 2021 profit forecast but chip shortage will hit second half

08/03/2021 | 02:31am EDT

BMW has raised its profit forecast for 2021 today announcing strong quarterly results while warning investors about the impact of the global semiconductor chip shortage on the carmaker.

The company saw “strong customer demand during the first half of the year,” according to a statement by chief executive Oliver Zipse.

“However,” he continued, “in light of a number of prevailing risks, including raw materials prices and a shortage of semiconductors, the second six-month period is likely to be more volatile for the BMW Group.”

The automotive company reported a better-than-expected profit for its second quarter compared with a loss in the same period last year – when the German luxury carmaker felt the force of the pandemic.

BMW said it now expected a full-year operating margin for the automotive segment between seven to nine per cent, up from its previous forecast range of six to eight per cent.

Analysts had expected net income of €2.2bn for the second quarter, according to a Reuters report but the company’s actual net profit exceeded at €4.8bn (£4.1bn), versus a loss of €212m for the same quarter in 2020.

The post BMW raises 2021 profit forecast, but warns chip shortage will hit second half appeared first on CityAM.

© City AM, source Newspaper

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Analyst Recommendations on BMW AG
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Financials
Sales 2021 110 B 130 B 130 B
Net income 2021 9 711 M 11 439 M 11 439 M
Net cash 2021 16 644 M 19 606 M 19 606 M
P/E ratio 2021 5,46x
Yield 2021 5,23%
Capitalization 53 193 M 62 580 M 62 658 M
EV / Sales 2021 0,33x
EV / Sales 2022 0,29x
Nbr of Employees 120 726
Free-Float 57,3%
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Technical analysis trends BMW AG
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 82,07 €
Average target price 102,83 €
Spread / Average Target 25,3%
EPS Revisions
Managers and Directors
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
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