HALISTER: BMW 2015 Rev. Above Ests., Targets Volume Growth; Shares Fall

BMW 2015 Rev. Above Ests., Targets Volume Growth; Shares Fall

(Bloomberg) -- BMW 2015 Ebit EU9.59b vs est. EU9.56b.
  • Rev. EU92.2b, est. EU91.3b.
  • Auto unit Ebit margin 9.2% vs 9.6% y/y
  • Div. EU3.20/shr, Bdvd forecast EU3.20/shr
  • Outlook: Sees further sales volume growth in 2016
    • Co. previously forecast “solid growth” in 2015 sales volume and profit before tax, auto Ebit margin 8% to 10%
  • Shares pare earlier gains, decline 1.3%
  • Co. comments in e-mailed statement
  • Full results due 16 March
Alert: HALISTER
Source: BFW (Bloomberg First Word)

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