Bayerische Motoren Werke AG (ETR:BMW), from May until recently, has been into a decreasing pattern. Presently, BMW is traded at € 58.88 per share, which is within the lowest levels of the year but lately is escalading.
Until May, the company was gaining ground and this is not surprising when considering the great Q1 – 2012 financial reports. In the last few days however, binary BMW is slightly recovering from values below € 55 per BMW share.
The high values for the first few months of the year are logical because BMW reported record figures for Q1 – 2012, at time when most European markets are have been a downfall. Summing up the Q1 performance of BMW, is probably what most binary investors hope for.
- Best first-quarter performance in corporate history
- Profit before financial result rises to € 2.13 billion
- Profit before tax up to € 2.07 billion
- Automotive segment EBIT climbs to € 1.87 billion
On August 1, 2012, BMW will announce its quartely report to June 30, 2012 (Q2 – 2012). Thus, once the new financial standing of the company is published only in a few weeks time, this will immediately move the direction of binary BMW.
Some binary traders mostly concentrate on sophisticated companies from they understand very little. This is quite unusual taking into consideration that the products of Bayerische Motoren Werke AG have been all around us for decades, and most of us love their premium cars. The company announced fantastic Q1 – 2012results and many suggest that Q2 – 2012 performance indicators would be similar. One of the reasons is because German stocks and German automakers especially are advancing. German car sales rose close to 2 percent in June alone.
Premium Automobile Production
Brands: BMW, MINI and Rolls-Royce Motor Cars
The information in this analysis is collected from different sources and should serve for informative purposes only. The author shall not be held responsible for the validity of the presented information. No part of this analysis recommends the purchase or sale of a currency pair or any other financial instrument.