Bayerische Motoren Werke AG (NASDAQ:BAMXF) Q3 2019 Earnings Conference Call - Final Transcript

Nov 06, 2019 • 05:00 am ET


Bayerische Motoren Werke AG (NASDAQ:BAMXF) Q3 2019 Earnings Conference Call - Final Transcript


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Nicolas Peter

joint venture. We expect the segment's EBIT margin for the full year to be within our adjusted target range of 4.5% to 6.5%. Without the effect of the provision we recognized in connection with the antitrust allegations by the European Commission, the margin would be within our original guidance range of 6% to 8%.

In the Motorcycles segment, we are planning for a solid increase in deliveries. The EBIT margin should remain within our target range of 8% to 10%. In the Financial Services segment, return on equity should be on par with last year and above our target figure of 14%. As anticipated, the financial results decreased significantly. Therefore, we still expect Group earnings before tax to be significantly lower year-on-year, also as a result of the provision recognized in the first quarter. Despite all the challenges in our current business environment, we find ourselves in a strong competitive position

We have ambitious goals. We are working hard to improve our earnings and profitability. This mindset is deeply rooted in our company. We continue to chart our own course, step by step, and with a clear strategic direction. This remains our approach also, and especially in a volatile environment. Thank you.

Maximilian Schoberl

Thank you very much, Nicolas. Ladies and gentlemen, the line will shortly be open for questions. Please wait for some technical advice.