Bayerische Motoren Werke AG (STU:BMW3)
€ 98.55 1.65 (1.7%) Market Cap: 65.44 Bil Enterprise Value: 115.53 Bil PE Ratio: 5.75 PB Ratio: 0.72 GF Score: 93/100
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Q2 2021 Bayerische Motoren Werke AG Earnings Press Conference Transcript

Aug 03, 2021 / 08:00AM GMT
Release Date Price: €70.4 (-3.76%)
Unidentified Company Representative

Good morning, and welcome to our Telephone Conference BMW Group's Second Quarter 2021. We have here Oliver Zipse, Chairman of the Board; and Nicolas Peter, member of the Board of Management, In Charge of Finance. The gentlemen will give you an overview of business development first. And after that, as always, you have the opportunity to ask your questions. Today, we will deviate somewhat from the usual order of events, and we will begin with Mr. Peter. You have the floor.

Nicolas Peter
Bayerische Motoren Werke Aktiengesellschaft - CFO & Member of Management Board

Thank you. Good morning, ladies and gentlemen. In the second quarter of 2021, as expected, the BMW Group was able to build on a strong performance of the first 3 months. Individual mobility remains in high demand across the globe.

The EBIT margin in the automotive segment for the year to the end of June was 13.0%, and therefore, at a very healthy level. In a decade of transformation, the BMW group is taking an active and informative role. Sustainable

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