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Bayerische Motoren Werke AG ADR BMWYY

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1-Star Price

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Economic Moat

PREMIUM

Capital Allocation

PREMIUM

BMW’s Preliminary Q1 Results Show Solid Rebound Underway; EUR 127 FVE Unchanged

Richard Hilgert Senior Equity Analyst

Analyst Note

| Richard Hilgert |

Narrow-moat BMW reported preliminary first quarter group earnings before tax of EUR 3.8 billion, a record quarterly result and up dramatically from EUR 798 million reported last year. The next closest result was EUR 3.2 billion group EBT reported in the first quarter of 2017. Management said that higher volume, particularly in China, as well as favorable price and mix, contributed to the performance.

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Company Profile

Business Description

In addition to being one of the world's leading premium light-vehicle manufacturers, BMW Group produces BMW motorcycles and provides financial services. Premium light-vehicle brands include BMW, Mini, and ultraluxury brand Rolls-Royce. Operations include 31 production facilities in 15 countries, with a sales network reaching over 140 countries. In 2020, worldwide sales volume exceeded 2.3 million automobiles and more than 179,000 motorcycles.

Contact
Petuelring 130
Munich, BY, 80788, Germany
T +?49 893820
Sector Consumer Cyclical
Industry Auto Manufacturers
Most Recent Earnings Dec 31, 2020
Fiscal Year End Dec 31, 2021
Stock Type —
Employees 120,726

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