Report
Anthony Dick ...
  • Michael Foundoukidis

BMW : Lower quality Q2 2020 release but reassuring FY outlook

>Q2 results below expectations and, more importantly, of lower quality - BMW yesterday reported Q2 2020 results that were slightly lower than expected and, more importantly, of lower quality with the automotive division falling short of expectations, further significant provisions and still strong support from Eliminations. This aside, the very good performance in China should be underlined, as should the better FCF (WCR, fall in inventories) even though investors pro...
Underlying
Bayerische Motoren Werke AG

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Anthony Dick

Michael Foundoukidis

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