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BMW Bayerische Motoren Werke AG

100.60
-0.45 (-0.45%)
10:58:05 - Realtime Data
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
  -0.45 -0.45% 100.60 100.55 100.60 101.25 100.10 101.10 16,533 10:58:05

BMW Shares Rise After Improved Automotive Margin

03/11/2023 9:44am

Dow Jones News


Bayerische Motoren Werke (TG:BMW)
Historical Stock Chart


From May 2023 to May 2024

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By David Sachs

 

BMW shares rose Friday after the car maker reported a higher earnings margin for the automotive segment in the third quarter.

At 0854 GMT, shares in the German company were up 3.4% to EUR94.20.

The car division's earnings before interest and taxes rose to 3.135 billion euros ($3.33 billion) from EUR2.87 billion. The division's EBIT margin finished the quarter at 9.8%. It was 8.9% a year ago.

BMW backed its guidance, which includes an EBIT margin between 9% and 10.5% for the automotive segment.

 

Write to David Sachs at david.sachs@wsj.com

 

(END) Dow Jones Newswires

November 03, 2023 05:29 ET (09:29 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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