BMW : Q3 well under control, like its peers
>No major surprises in the Q3 2020 numbers - BMW's Q3 2020 earnings, reported yesterday, slightly missed expectations at the group level (EBIT) despite a better-than-anticipated performance in automotive (mix/pricing), due to a weak contribution from its financial division and the eliminations line, as we feared. Nonetheless, we note the encouraging message on costs, the excellent showing in China and very solid FCF, though the headline number had already been reporte...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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