While deliveries (+0.3% to 592k) and revenue (+5.6% to €24.7bn) were both up in the last quarter, BMW’s profit numbers were under heavy pressure. EBIT fell by 24% to €1.75bn and net earnings by 22% to €1.41bn. We had expected earnings to be down, but less strongly.
07 Nov 2018
Very poor Q3 earnings indeed
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Very poor Q3 earnings indeed
Bayerische Motoren Werke AG (BMW:WBO) | 0 0 0.6% | Mkt Cap: 57,166m
- Published:
07 Nov 2018 -
Author:
Hans-Peter Wodniok -
Pages:
2
While deliveries (+0.3% to 592k) and revenue (+5.6% to €24.7bn) were both up in the last quarter, BMW’s profit numbers were under heavy pressure. EBIT fell by 24% to €1.75bn and net earnings by 22% to €1.41bn. We had expected earnings to be down, but less strongly.