The growth rate of car deliveries accelerated to 7.1% (to 583,499 vehicles) in Q3, thus bringing the ytd number to 1.75m, an increase of 6.2%. Consolidated revenue growth also accelerated to 4.6% (€23.4bn) which brought the ytd number to €69.2bn, an increase of 3.0%. These numbers show that ASPs continued falling. The combination of both (i.e. higher sales volume with falling ASP) resulted in EBIT coming in almost flat in Q3 (+1.1% to €2.38bn) and in 9M (+2.2% to €7.56bn).
04 Nov 2016
BMW delivered what we had expected
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BMW delivered what we had expected
Bayerische Motoren Werke AG (BMW:WBO) | 0 0 0.6% | Mkt Cap: 57,166m
- Published:
04 Nov 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
The growth rate of car deliveries accelerated to 7.1% (to 583,499 vehicles) in Q3, thus bringing the ytd number to 1.75m, an increase of 6.2%. Consolidated revenue growth also accelerated to 4.6% (€23.4bn) which brought the ytd number to €69.2bn, an increase of 3.0%. These numbers show that ASPs continued falling. The combination of both (i.e. higher sales volume with falling ASP) resulted in EBIT coming in almost flat in Q3 (+1.1% to €2.38bn) and in 9M (+2.2% to €7.56bn).