24/10/2021

Buno Filter

Drive your way

BMW says cash flow strong in Q4 | Automotive Industry News

1 min read
BMW has mentioned its absolutely free dollars move for the fourth quarter of 2020 is...

BMW has mentioned its absolutely free dollars move for the fourth quarter of 2020 is around EUR2.8bn (This fall 2019: EUR1.5bn) and ‘better than expected’, reflecting a constructive This fall working end result, inventories administration and reduced guarantee provisions owing to lockdowns.

The enterprise also mentioned there were being higher down payments acquired from BMW Group dealerships, most notably in China in line with the constructive market place enhancement and in the Uk relating to Brexit.

In accordance to  BMW, the constructive working end result of the Automotive section in the fourth quarter is partly owing to far better than anticipated remarketing final results in the pre-owned car market place.

The enterprise also mentioned that owing to the more rapidly recovery in many markets in the 2nd 50 {ed0b873b90f1b87a4f3b347f1646a477c6eee9bccb9dcbe5ac9cb67a3d16495a} of 2020 and consequent value administration, the EBIT margin in the Automotive Segment for the whole yr 2020 is at the upper conclude of the -three{ed0b873b90f1b87a4f3b347f1646a477c6eee9bccb9dcbe5ac9cb67a3d16495a} corridor. The BMW Group EBT remains inside of the outlook and in line with market place anticipations, BMW mentioned.

Whole particulars of BMW’s This fall and 2020 effectiveness will be released on seventeen March.

Copyright © All rights reserved. | Newsphere by AF themes.