Bayerische Motoren Werke AG (OTCPK:BMWKY)
$ 25.71 0.57 (2.27%) Market Cap: 48.13 Bil Enterprise Value: 104.46 Bil PE Ratio: 5.48 PB Ratio: 0.50 GF Score: 80/100

Q3 2023 Bayerische Motoren Werke AG Earnings Press Conference Transcript

Nov 03, 2023 / 09:00AM GMT
Release Date Price: $33.41 (+3.05%)
Unidentified Company Representative

Colleagues, ladies and gentlemen, good morning, and welcome to the telephone conference of BMW Group for the third quarter. We have here today, as always, Oliver Zipse, Chairman of the Board of Management of BMW AG; and our CFO Walter Mertl. Mr. Zipse and Mr. Mertl will begin by giving you an overview of business development. And after that, you'll be given the opportunity to ask your questions.

I give the floor to Walter Mertl to begin.

Walter Mertl
Bayerische Motoren Werke Aktiengesellschaft - Member of Management Board of Finance

Good morning, ladies and gentlemen. BMW Group delivered a strong performance in the third quarter. As expected, we achieved solid sales growth and correspondingly positive financial key figures. The group EBIT margin for the third quarter came in at 10.6%. For a 9-month period from January to September, it was 11.9%, exceeding our strategic target of 10%. The Automotive segment posted an EBIT margin of 9.8% for the third quarter and 10.3% for the year to the end of September.

Without

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot