BMW : A solid Q3 and still rather confident tone
>A solid Q3, guidance confirmed and still a rather tone - On Friday, BMW published solid Q3 results that were broadly in line with forecasts (see first take here). The group posted solid underlying sales growth (+6% y-o-y excluding FX, -1% on a reported basis) mainly driven by volumes (+6%) and a still robust price mix. The performance on the margin was also solid with an Autos EBIT margin of 9.8% (10.8% excluding the PPA impact of BBA JV consolidation), +90bp y-o-y,...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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