BMW released very solid preliminary 2017 numbers, combined with a dividend of €4 which is higher than we had anticipated (€3.70). We regard management’s dividend proposal as a positive signal for 2018, although euro weakness will continue to burden earnings in H1 18. On the other hand, new car models with above average sales tags should deliver sufficient support for positive earnings growth.
08 Mar 2018
2017 numbers were good and the proposed dividend is higher than expected
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2017 numbers were good and the proposed dividend is higher than expected
Bayerische Motoren Werke AG (BMW:WBO) | 0 0 0.6% | Mkt Cap: 57,166m
- Published:
08 Mar 2018 -
Author:
Hans-Peter Wodniok -
Pages:
2
BMW released very solid preliminary 2017 numbers, combined with a dividend of €4 which is higher than we had anticipated (€3.70). We regard management’s dividend proposal as a positive signal for 2018, although euro weakness will continue to burden earnings in H1 18. On the other hand, new car models with above average sales tags should deliver sufficient support for positive earnings growth.