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

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Bayerische Motoren Werke : BMW Third-Quarter Earnings Fall On Higher Costs

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11/07/2017 | 08:21am CET
   By Max Bernhard 
 

Luxury car maker BMW AG (BMW.XE) said Tuesday that its net profit fell in the third quarter, citing research and development costs and investments related to the company changing focus from combustion engines to e-mobility technology.

Net profit after minorities fell 2.8% to EUR1.76 billion ($2.04 billion) in the third quarter from EUR1.81 billion a year earlier. BMW said earnings before interest and taxes fell 3.2% to EUR2.30 billion in the period from EUR2.38 billion the year before.

"We are investing substantially in tomorrow's mobility, enabling us to maintain our leading position of innovation and sustainable employment," said Harald Krueger, chief executive of BMW.

Revenue stayed almost flat, growing 0.3% to EUR23.42 billion, beating analyst expectations of EUR22.97 billion in a consensus estimate provided by FactSet.

In the automotive segment, BMW's closely-watched Ebit margin fell to 8.3% in the quarter from 8.5% in the year-ago period.

BMW confirmed its guidance for 2017, expecting a solid increase in pretax profit and a slight revenue increase for its automotive segment, which it expects to report an Ebit margin of between 8% and 10%.

Write to Max Bernhard at [email protected]; @mxbernhard

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Financials (€)
Sales 2017 97 798 M
EBIT 2017 9 846 M
Net income 2017 7 329 M
Finance 2017 20 543 M
Yield 2017 4,35%
P/E ratio 2017 7,68
P/E ratio 2018 7,69
EV / Sales 2017 0,36x
EV / Sales 2018 0,33x
Capitalization 55 290 M
Chart BAYERISCHE MOTOREN WERKE
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Bayerische Motoren Werke Technical Analysis Chart | BMW | DE0005190003 | 4-Traders
Technical analysis trends BAYERISCHE MOTOREN WERKE
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 34
Average target price 92,9 €
Spread / Average Target 9,0%
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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