BMW AG 3Q 2014 -- Forecast

FRANKFURT--The following is a summary of analysts' forecasts for BMW AG (BMW.XE) third-quarter results, based on a poll of 12 analysts conducted by Dow Jones Newswires (figures in million euros, EPS, dividend and target price in euro,

according to IFRS). Earnings figures are scheduled to be released November 4.

=== 
                                                Net   EPS 
                                        Net  attrib.  ord. 
3rd Quarter      Sales   EBIT    EBT Profit  profit  share 
AVERAGE         19,206  2,013  2,067  1,399   1,378   2.07 
Prev. Year      18,750  1,928  1,989  1,330   1,321   2.02 
+/- in %          +2.4   +4.4   +3.9   +5.2    +4.3   +2.5 
 
MEDIAN          19,297  2,023  2,092  1,402   1,394   2.10 
Maximum         19,650  2,077  2,172  1,417   1,449   2.21 
Minimum         18,648  1,853  1,873  1,376   1,225   1.87 
Amount              12     12      9      6      10      9 
 
Baader-Helvea   18,905  1,968     --     --      --   1.90 
Bankhaus Lampe  19,571  2,061  2,111  1,415   1,407   2.15 
Citigroup       19,462  2,024  2,092  1,381   1,381   2.10 
Credit Suisse   18,881  1,853  1,873     --   1,225   1.87 
Deutsche Bank   19,650  2,040     --     --      --     -- 
Exane BNP Par.  18,648  2,031  2,061  1,412   1,407   2.15 
Independent R.  19,410  2,020     --     --   1,420     -- 
LBBW            19,551  2,061  2,101  1,391   1,381   2.12 
Natixis         19,184  2,022  2,066  1,376   1,370   2.10 
Warburg Res.    19,464  1,996  2,002     --   1,331   2.03 
 
 
               Target price  Rating               DPS 2014 
 
AVERAGE               95.89  positive 3   AVERAGE     2.93 
Prev. Quarter         97.80  neutral  5   Prev. Year  2.60 
+/- in %               -2.0  negative 1   +/- in %     +13 
 
MEDIAN                96.00               MEDIAN      2.90 
Maximum              110.00               Maximum     3.20 
Minimum               70.00               Minimum     2.80 
Amount                    9               Amount         8 
 
Bankhaus Lampe       110.00  Buy                      3.20 
Citigroup             98.00  Neutral                  3.00 
Credit Suisse         70.00  Underperform             2.85 
Deutsche Bank        103.00  Buy                        -- 
Exane BNP Paribas     96.00  Neutral                  2.90 
Independent Research  92.00  Hold                     2.80 
LBBW                  96.00  Hold                     2.90 
Natixis               90.00  Neutral                  2.91 
Warburg Research     108.00  Buy                      2.90 
=== 

Year-earlier figures are as reported by the company.

(a) Including anonymous estimates from two more analysts.

DJG/mus 

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