5.5.2020 Munich. Compliance the board of management of BMW AG decided today, by 2020 the outlook for the current fiscal year. The determining factor in many of the markets longer and therefore more active corona to stop the epidemic such measures to prevent them from being in the middle of March, is predictable.
After a few weeks the situation in the after sales market returned to normal, as before, this is not the indicates. The negative effects are particularly strong in the second quarter of the year expected by 2020.
A result of the outbreak of the economic crisis, the strong predictability and, therefore, cause considerable uncertainty had little impact on the situation. Accordingly, the company has a profit margin before interest and tax widened corridor in the automotive segment, and now expects a value between 0 and 3 percent.
The Financial Services segment, now a moderate decrease compared to the previous year’s estimate the return on equity rates.
Deliveries of the motorcycles segment is expected in the forecast period is now significantly below the previous year’s level. The profit margin before interest and tax, therefore, is estimated in the range of 3 to 5 percent.
The consolidated result before tax is expected to remain clearly below the previous year’s level.
The targets were slightly under the previous year’s level, whose employees, by a series of is obtained. Already forwarded the turnover due to free, and the company will use to advance your personal label.
In particular, other economic regions, increasing the intensity of competition and the possible impact of a second wave of infection and related measures, as a result of significant supply disruptions as a result of the recession in major sales markets of the Chinese economy in a long and deep recession, economic slowdown more pronounced includes: Outlook to reevaluate.
This outlook to 2020 for more information about the result in the first quarter of the year, BMW AG 6. 2020 May, June about to print.
BMW world – BMW Group high-rise building/Group headquarters (photo: BMW AG)
