Report
Michael Foundoukidis

BMW : Status of safe-haven carmaker not so easy to live up to

>Release and message relatively similar to peers in the end - Yesterday, BMW reported its Q1 2020 earnings. As was the case with its peers previously, these showed the first impact of the crisis on the operating (Auto margin of 1.3%) and the financial performance (-€ 2.2bn for Automotive FCF). The group made no secret that Q2 is going to be even more difficult (operating losses, cash burn) before a hoped-for sequential rebound thanks to the measures for supporting dem...
Underlying
BAYERISCHE MOTOREN WERKE AKTIENGESELLSCHAFT

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
Michael Foundoukidis

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