Company Announcements

DGAP-Adhoc: Bayerische Motoren Werke Aktiengesellschaft: Preliminary free cash flow for the Automotive segment in the third quarter 2020 above market expectations

Source: EQS

DGAP-Ad-hoc: Bayerische Motoren Werke Aktiengesellschaft / Key word(s): Quarterly / Interim Statement
Bayerische Motoren Werke Aktiengesellschaft: Preliminary free cash flow for the Automotive segment in the third quarter 2020 above market expectations

19-Oct-2020 / 20:20 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


The preliminary free cash flow for the Automotive segment in the third quarter 2020 amounts to €3,065 million (previous year: €714 million) and thus exceeds current market expectations.

This was due in particular to a faster recovery in several markets, which led to higher sales growth. In addition, a focused management has led to an optimisation of working capital and a further reduction of fixed costs and capital expenditure.

The impact of this development on the free cash flow for the Automotive segment for the full year will be communicated with the release of the Quarterly Statement to 30 September 2020.

The previous earnings forecasts for the individual segments and the Group remain unchanged.

Economic disruption caused by the coronavirus pandemic continues to significantly impair forecasting and leads therefore to considerable uncertainty in providing an accurate outlook.

BMW AG will publish further details on the results of the third quarter 2020 on 4 November 2020.

The definition of free cash flow is provided on page 244 in the BMW Group Annual Report 2019. Working capital comprises inventories as well as trade receivables and trade payables.



Contact:
Veronika Rösler
Head of Investor Relations
Tel.: +49-89-382-25387

19-Oct-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Bayerische Motoren Werke Aktiengesellschaft
Petuelring 130
80788 Munich
Germany
Phone: +49 (0)89 382 0
Internet: www.bmwgroup.com
ISIN: DE0005190003, DE0005190037
WKN: 519000 , 519003
Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange, SIX
EQS News ID: 1141721

 
End of Announcement DGAP News Service

1141721  19-Oct-2020 CET/CEST

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