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BMW Says It’s Solvent, Marginally Profitable During 2020
The positive operating result of the Automotive segment in the fourth quarter is partially due to “better than expected re-marketing results in the pre-owned car market.” This of course has a positive effect in the Financial Services segment, leading to a Return on Equity for the segment which is only slightly down on prior year as opposed to a moderate decline as indicated in the current outlook. However, the EBIT margin in the Automotive Segment for the full year 2020 is at the “upper end of the 0 – 3% corridor.” The Group EBT remains within the outlook and in line with market expectations. Continue reading →