BMW : Wait-and-see
>Q2 slightly lower on Autos, 2024 guidance reiterated - BMW’s Q2 2024 results, reported yesterday before trading, were broadly in line with expectations overall, although falling slightly short on Autos EBIT (-2% vs css, margin 20bp below), see First Take. The group saw continued erosion in its Auto margin (8.4%, -80bp y-o-y, -40bp q-o-q), impacted by pricing normalisation, higher R&D, and cost inflation (SG&A, manufacturing), partly offset by easing raw materials pr...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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