BMW : Very solid Q1 but looks largely priced in
>Solid and better-than-expected Q1 results, guidance confirmed - BMW’s results, reported yesterday morning, were solid and much better than expected on EBIT which came in at € 5.4bn, +59% y-o-y (vs css/ODDO BHF at € 4.1bn), or a margin of 14.6% (+370bp y-o-y), driven by a solid performance from the Auto/Motorcycles business (Auto EBIT 18%/13% ahead of css/ODDO BHF expectations), but also markedly higher Eliminations (+€ 490m vs -€ 18m in Q1 2022), which reflects lowe...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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