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 Call Transcript

Nov 03, 2023 / 01:00PM GMT

Release Date Price: $33.41 (+3.05%)

Transcript

Unidentified Company Representative

Good afternoon, ladies and gentlemen. I would like to welcome you all to the BMW Group's telephone conference for the third quarter results.

With us today are Oliver Zipse, Chairman of the Board of Management; and our Chief Financial Officer, Walter Mertl. First, Walter will take you through our financial results. Oliver will then give you a general business update for the BMW Group. Afterwards, we will have time for our Q&A session. Walter, please go ahead.

Walter Mertl

Bayerische Motoren Werke Aktiengesellschaft - Member of Management Board of Finance

Good afternoon, ladies and gentlemen. The 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 EBT margin for the third quarter came in at 10.6%. For the 9 months 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

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