Preliminary Q1 17 numbers show a revenue increase of a good 12% to €23.45bn, while EBIT increased by 7.7% to €2.65bn. As a result, the margin fell from 11.8% to 11.3%. Management has also released the margin for Automobiles, which fell from 9.4% to 9.0%. Simultaneously, pre-tax earnings increased by 27% to just above €3bn as a HERE revaluation gain added €183m, other financing income was up by €122m and as the at-equity contribution from the Chinese joint-venture was
20 Apr 2017
Strong revenue growth, but EBIT margin down
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Strong revenue growth, but EBIT margin down
Bayerische Motoren Werke AG (BMW:WBO) | 0 0 0.6% | Mkt Cap: 57,166m
- Published:
20 Apr 2017 -
Author:
Hans-Peter Wodniok -
Pages:
2
Preliminary Q1 17 numbers show a revenue increase of a good 12% to €23.45bn, while EBIT increased by 7.7% to €2.65bn. As a result, the margin fell from 11.8% to 11.3%. Management has also released the margin for Automobiles, which fell from 9.4% to 9.0%. Simultaneously, pre-tax earnings increased by 27% to just above €3bn as a HERE revaluation gain added €183m, other financing income was up by €122m and as the at-equity contribution from the Chinese joint-venture was