BMW : Misplaced caution?
>Solid Q2 but full-year guidance upgrade much less so - BMW reported relatively solid Q2 results (EBIT, FCF) yesterday, albeit aided by one-offs (releases of provisions). They reflect the fact that BMW, like its peers, took advantage of the favourable environment (mix, price) to improve its financial performance. Yet, unsurprisingly attention focused on the FY targets, the upward revision to which announced yesterday seems much too conservative (below the consensus), ...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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