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4-Traders Homepage  >  Equities  >  Xetra  >  Bayerische Motoren Werke    BMW   DE0005190003

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BMW eyes new production sites abroad

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05/18/2012 | 01:53pm CEST

Premium carmaker BMW (>> Bayerische Motoren Werke AG) is considering new production sites around the world, with one option being Mexico, a person familiar with the situation told Reuters on Friday.

Premium carmaker BMW (>> Bayerische Motoren Werke AG) is considering new production sites around the world, with one option being Mexico, a person familiar with the situation told Reuters on Friday.

German daily Handelsblatt earlier cited company sources as saying BMW was examining whether to build plants in Mexico and eastern Europe. It said Slovakia's Kosice and Hungary's Miskolc were possible candidates.

BMW declined to comment. Earlier this month, it denied reports it plans to build an assembly plant in Slovakia.

Just like its peers, BMW sees sales volume growing faster abroad in coming years than in Europe, where the market is shrinking amid the euro zone debt crisis.

It wants to build a plant in Brazil, but has threatened to pull the plug on this if new government policies there meant it could not profitably make cars.

Volkswagen's (>> Volkswagen AG) premium brand Audi, a rival to BMW, revealed plans last month to build a factory in Mexico to take advantage of low labor costs there, as well as an exemption from import duties in some regions.

(Reporting by Irene Preisinger; Writing by Maria Sheahan; Editing by David Hulmes)

Stocks treated in this article : Bayerische Motoren Werke AG, Volkswagen AG
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Financials (€)
Sales 2017 98 715 M
EBIT 2017 9 942 M
Net income 2017 7 301 M
Finance 2017 1 509 M
Yield 2017 4,66%
P/E ratio 2017 7,20
P/E ratio 2018 7,18
EV / Sales 2017 0,51x
EV / Sales 2018 0,50x
Capitalization 51 612 M
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Bayerische Motoren Werke Technical Analysis Chart | BMW | DE0005190003 | 4-Traders
Technical analysis trends BAYERISCHE MOTOREN WERKE
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Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 32
Average target price 91,1 €
Spread / Average Target 15%
EPS Revisions
Managers
NameTitle
Harald Krüger Chairman-Management Board
Norbert Reithofer Chairman-Supervisory Board
Nicolas Peter Chief Financial Officer
Susanne Klatten Member-Supervisory Board
Manfred Schoch Deputy Chairman-Supervisory Board
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