BMW : Some temporary impacts, others more structural
>Q3 even weaker than feared, 2024 guidance confirmed implying a better Q4 - BMW reported yesterday before trading weak Q3 earnings, below forecasts (auto EBIT -16% vs css), impacted by the braking system recall and the subdued environment in China (details our First Take). The group confirmed its revised 2024 guidance (lowered following the profit warning of 10 September), implying some recovery in Q4 (volumes, mix) on the back of supply chain normalisation. We are le...Bayerische Motoren Werke is a holding company, engaged in the development, manufacture and sale of cars and motorcycles. Co. owns three brands: BMW, MINI and Rolls-Royce. Co.'s BMW automobile range encompasses the 1 Series, including coupe and convertible models; the 3 Series, including sedan, touring, coupe and convertible models; the 5 Series, including sedan and touring models; the 6 Series, including coupe or convertible; the 7 Series large sedan; the Z4 roadster and coupe; the sports utility vehicles, X3, X5 and X6 and M models. Co. also provides cars under the MINI brand and motorcycles under the BMW brand. The Rolls-Royce brand provides three cars, Phantom, Coupe and Ghost.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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