BMW : Lower Auto margin and FCF in Q2
>Q2 Autos EBIT and FCF miss - After some disappointing preliminary results provided on Tuesday (Q2 Autos margin miss, FCF downgrade), BMW published final Q2 results on Thursday morning that were broadly in line with expectations, although thanks to another strong contribution from Eliminations, while Autos EBIT undershot expectations (-11% vs css). The group posted sequential Autos EBIT margin erosion (-290bp y-o-y) due to various inflationary impacts (suppliers, dea...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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