Quarterly report Q2 2018: BMW looks to continue success-rate

The generally difficult conditions are also quarterly report Q2 2018, the BMW Group is recognizable, but those in charge and see regardless continue to be on the right path. In spite of the unpredictable environment, sales increased in Q2 2018 0.1 percent to 22,165 billion euros, adjusted for currency effects, this corresponds to a Plus of 3.2 percent. This value shows, as the exchange rate effects in the second quarter of 2018 to fail.

Higher raw material prices and increased research and development costs are eating into EBIT, which is 14.5 percent lower than in the previous year. With an EBIT margin of 8.6 percent, the BMW Group moves at a lower level than the last, but still at a high level and clear within the target corridor of 8 to 10 percent. The result before tax decreased by 13.8 percent to 2,062 billion euros.

Basis for the declines hold, the continued strong sales of the BMW Group. In the first half of 2018, the company increased sales of the brands BMW, MINI and Rolls-Royce by 1.8 percent to a new record of 1.242.507 units. The sales remained on a currency-adjusted almost on last year’s level (-0.3 percent), and currency effects, however, a Minus of 4.0% in the books. The consolidated net income shrank in the 1. Half of 2018 and by 2.4 percent to 4,383 billion euros.

Harald Krüger (Chairman of the Board of management of BMW AG): “We go straight on our path and stay the course. We prepare ourselves consistently to the needs of the future. So we will remain a reliable Partner in challenging times. The BMW Group has more than 100 years of experience in dealing with volatility in a changing world. Our perspective is, and will remain for the long term. It is crucial to keep the focus on the Central issues: profitability, growth and innovation for the competitiveness of tomorrow.”

Nicolas Peter (member of the Board of management of BMW AG, Finance): “We see challenging conditions as an opportunity, our competitive advantages in this matter. Clear focus and high flexibility are our responses to an environment full of dynamic changes. We ensure the sustainable success of the company. The Foundation is a strong financial strength and our Position as a profitab Elster, the manufacturer remains a guarantor, in order to shape the mobility of tomorrow from our own strength – even in volatile times.”

[resources : bimmertoday.de]
by : klonr.com

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