BMW increased car deliveries by 6.9% to 545,062 in Q3 and by 7.5% to 1.64m in 9M. As the ASP continued rising, revenue was up by 14% to €22.3bn in the last quarter and by 16% to more than €62bn ytd. Consolidated EBIT increased by 4.3% to €2.35bn in Q3 and by 6.5% to €7.4bn in 9M 15. As total financing costs fell by €160m and as the tax rate was down from 34.7% in Q3 14 to 30%, net earnings were up by 20% to €1.58bn in Q3 and by 6.5% to €4.84bn ytd. All these

03 Nov 2015
Reasonable profit but very poor cash generation

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Reasonable profit but very poor cash generation
Bayerische Motoren Werke AG (BMW:WBO) | 0 0 0.6% | Mkt Cap: 57,166m
- Published:
03 Nov 2015 -
Author:
Hans-Peter Wodniok -
Pages:
2 -
BMW increased car deliveries by 6.9% to 545,062 in Q3 and by 7.5% to 1.64m in 9M. As the ASP continued rising, revenue was up by 14% to €22.3bn in the last quarter and by 16% to more than €62bn ytd. Consolidated EBIT increased by 4.3% to €2.35bn in Q3 and by 6.5% to €7.4bn in 9M 15. As total financing costs fell by €160m and as the tax rate was down from 34.7% in Q3 14 to 30%, net earnings were up by 20% to €1.58bn in Q3 and by 6.5% to €4.84bn ytd. All these