BMW Targets Higher Pretax Profit, Auto Margin for 2021
March 17 2021 - 3:28AM
Dow Jones News
By Kim Richters
BMW AG said Wednesday it expects positive business development
this year, targeting an increase in pretax profit and a higher auto
margin.
The German luxury car maker said profit before taxes for the
group should be significantly higher than in 2020, and it projected
earnings before interest and taxes margin for the automotive
segment at between 6% and 8%.
The car maker's auto EBIT margin fell to 2.7% in 2020 from 4.9%
in 2019.
Global deliveries to customers in the automotive segment are
also expected to show a solid increase this year compared with the
prior year, BMW said.
BMW reported lower earnings and revenue for the full-year 2020
earlier this month.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
March 17, 2021 03:13 ET (07:13 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Bayerische Motoren Werke (TG:BMW)
Historical Stock Chart
From Mar 2024 to Apr 2024
Bayerische Motoren Werke (TG:BMW)
Historical Stock Chart
From Apr 2023 to Apr 2024
