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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Bayerische Motoren Werke AG | TG:BMW | Tradegate | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.15 | 0.15% | 102.70 | 102.40 | 102.75 | 103.25 | 101.95 | 102.35 | 36,070 | 18:29:57 |
From May 2019 to May 2024
By Kim Richters
BMW AG on Thursday reported a drop in earnings and revenue for 2020 amid the coronavirus pandemic and proposed a lower dividend.
The German luxury car maker's full-year aftertax profit fell to 3.86 billion euros ($4.60 billion) from EUR5.02 billion a year earlier.
Earnings before interest and taxes declined to EUR4.83 billion from EUR7.41 billion.
Revenue for year dropped 5% to EUR98.99 billion from EUR104.21 billion, BMW said.
The company proposed a dividend of EUR1.90 per common share, lower than the 2019 dividend of EUR2.50 per share of common stock.
BMW said it had a strong second half of 2020.
"We have improved the situation on the cost side by cutting fixed costs and lowering capital expenditure, putting us in a favourable starting position to make 2021 a more profitable year," Chief Financial Officer Nicolas Peter said.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
March 11, 2021 06:15 ET (11:15 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
1 Year Bayerische Motoren Werke Chart |
1 Month Bayerische Motoren Werke Chart |
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