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<blockquote data-quote="Weather Man" data-source="post: 16675099" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3746759-bmw-raises-profit-guidance-after-successful-pricing-action" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3746759-bmw-raises-profit-guidance-after-successful-pricing-action" target="_blank">BMW raises profit guidance after successful pricing action</a></p><ul> <li data-xf-list-type="ul">BMW (<a href="https://seekingalpha.com/symbol/BMWYY" target="_blank">OTCPK:BMWYY</a> +0.2%) <a href="https://www.press.bmwgroup.com/global/article/detail/T0346692EN/ad-hoc-announcement:-bmw-ag-raises-earnings-guidance-for-the-financial-year-2021" target="_blank">increases</a> its annual EBIT margin from its automotive segment to between 9.5% and 10.5% from between 7% and 9% as the automaker expects positive pricing effects to offset semiconductor chip shortage issues. The company also raises its return on equity for the financial services segment to between 20% and 23% from between 17% and 20%.</li> <li data-xf-list-type="ul">A lack of semiconductors will continue to affect production and deliveries to customers said BMW. However, strong relations with suppliers have allowed the company to continue producing vehicles.</li> <li data-xf-list-type="ul">Free cash flow from the automotive segment is now expected to be €6.5B for the year.</li> <li data-xf-list-type="ul">Competitor Daimler attributed its revenue beat in its second quarter to higher car prices, <a href="https://seekingalpha.com/news/3717215-daimler-ag-beats-on-revenue" target="_blank">particularly from Mercedes-Benz.</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16675099, member: 137766"] [URL='https://seekingalpha.com/news/3746759-bmw-raises-profit-guidance-after-successful-pricing-action'] BMW raises profit guidance after successful pricing action[/URL] [LIST] [*]BMW ([URL='https://seekingalpha.com/symbol/BMWYY']OTCPK:BMWYY[/URL] +0.2%) [URL='https://www.press.bmwgroup.com/global/article/detail/T0346692EN/ad-hoc-announcement:-bmw-ag-raises-earnings-guidance-for-the-financial-year-2021']increases[/URL] its annual EBIT margin from its automotive segment to between 9.5% and 10.5% from between 7% and 9% as the automaker expects positive pricing effects to offset semiconductor chip shortage issues. The company also raises its return on equity for the financial services segment to between 20% and 23% from between 17% and 20%. [*]A lack of semiconductors will continue to affect production and deliveries to customers said BMW. However, strong relations with suppliers have allowed the company to continue producing vehicles. [*]Free cash flow from the automotive segment is now expected to be €6.5B for the year. [*]Competitor Daimler attributed its revenue beat in its second quarter to higher car prices, [URL='https://seekingalpha.com/news/3717215-daimler-ag-beats-on-revenue']particularly from Mercedes-Benz.[/URL] [/LIST] [/QUOTE]
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