BMW : Broadly in line Q2 figures but FCF guidance cut and likely to disappoint
>Broadly in line Q2 publication, FCF guidance cut and likely to weigh this morning - BMW this morning published Q2 2022 earnings that were broadly in line with expectations. As expected, performance was once again supported by the strong price environment, mix, tailwinds and growth at its aftersales business (momentum on used cars) which more than offset the negative impact of volumes (-20%), including the automotive FCF level which was also relatively strong. However...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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