BMW’s revenues were, as expected, hit hard by the difficult market conditions during Q2. What was less expected though, was the dive on the automotive division’s operating profitability (-10.4% margin). Fortunately for BMW, the swell performance of the JV with Brilliance Automotive helped the group narrow its losses in Q2. Now that the worst is over, the focus is on how BMW will manage the recovery to attain its positive EBIT and FCF targets for FY20.
