BMW : Q3 print unlikely to provide reassurance on 2023
>Not that vanilla of a quarter on closer look - BMW yesterday morning released Q3 results that, while broadly in line with expectations on reported figures (EBIT in line with consensus), pointed to erosion of the underlying EBIT margin (10.1% vs 12.0% in Q2 and 13.2% in Q1). Following this release he group confirmed all items of its 2022 guidance, some of which now look too cautious (FCF especially). Management also provided some early colour on 2023, which it sees e...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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