BMW’s Q1 profits were burdened by an almost €1.4bn provision for a potential EU fine for having colluded with other German car producers. Excluding this, EBIT was down by about 28% to just below €2bn. Q2 EBIT fell by 20% to €2.2bn, i.e. the rate of decline moderated but the number was below our projected €2.33bn.
01 Aug 2019
Earnings again down in Q2 19
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Earnings again down in Q2 19
Bayerische Motoren Werke AG (BMW:WBO) | 0 0 0.6% | Mkt Cap: 57,166m
- Published:
01 Aug 2019 -
Author:
Hans-Peter Wodniok -
Pages:
2
BMW’s Q1 profits were burdened by an almost €1.4bn provision for a potential EU fine for having colluded with other German car producers. Excluding this, EBIT was down by about 28% to just below €2bn. Q2 EBIT fell by 20% to €2.2bn, i.e. the rate of decline moderated but the number was below our projected €2.33bn.