BMW boss Harald Krüger
Satisfied in Geneva: BMW can present a new record profit.
(Photo: AP)
BMW Thanks to the US tax reform, the net profit has increased significantly. The surplus climbed in 2017 to 8.7 billion euros, which is 26 percent more than in the previous year, as the Munich car maker announced on Thursday.
The effect of the recent corporate tax reform by US President Donald Trump the Munich estimate to 977 million euros.
Shareholders who are to receive a record dividend may also look forward to the higher net profit: 4.00 per share (previous year: 3.50) per share and 4.02 (3.52) per preference share per share.
This proposal is “a signal of confidence” that the BMWGroup will continue its successful course, said CEO Harald Krüger.
Current club events
Thursday, 08.03.18, 11:00 Berlin: Handelsblatt: Meet the Ambassadors
Monday, 12.03.18, 08:45 Berlin: 19th Handelsblatt Annual Conference on Occupational Pensions 2018
Wednesday, 07.03.18, 10:00 Dusseldorf: Handelsblatt annual conference Zukunft Stahl
Tuesday, 13.03.18, 19:30 Munich: Club Talk “What future has public service broadcasting?”
Tuesday, 13.03.18, 18:30 Düsseldorf: Club talk with Oliver Bierhoff
Thursday, 08.03.18 Austin, Texas: SXSW Interactive
In 2017, the Munich luxury-class manufacturer posted the eighth record year in succession: earnings before taxes rose by 10.2 per cent to 10.655 billion euros, sales by 4.8 per cent to 98.678 billion. In the central car division, however, the yield (EBIT margin) remained at 8.9 percent and thus lagged behind again Mercedes Benz with 9.7 percent.