BMW : A solid Q1 but management stays cautious (as often)
>A solid Q1 as expected and a cautious upward revision to 2021 targets - On Friday, BMW published a very solid set of Q1 2021 results (auto operating margin of 9.8%, FCF of € 2.5bn) in a buoyant automotive context (rebound in volumes, very favourable mix and pricing, costs control) but which were largely known already since the prelims release end-April. In this context, the focus of Friday’s release was be above all the group's full-year targets and their potential u...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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