With the FY22 figures already known, all eyes were on a realistic FY23 outlook which came in line with expectations overall. BMW is accelerating the electrification of its portfolio and should offset the margin headwinds with a focus on its highest-end model. Price parity for BEVS is unlikely before the arrival of the BEV-native platform. Buybacks are part of the strategy. While we continue to like the BMW’s equity story, we maintain our negative recommendation seeing the current valuation as to ....

16 Mar 2023
FT23 outlook meets expectations; BMW shifts to higher gear in BEV ramp-up

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FT23 outlook meets expectations; BMW shifts to higher gear in BEV ramp-up
Bayerische Motoren Werke AG (BMW:ETR) | 0 0 0.0%
- Published:
16 Mar 2023 -
Author:
Valentin Mory -
Pages:
3 -
With the FY22 figures already known, all eyes were on a realistic FY23 outlook which came in line with expectations overall. BMW is accelerating the electrification of its portfolio and should offset the margin headwinds with a focus on its highest-end model. Price parity for BEVS is unlikely before the arrival of the BEV-native platform. Buybacks are part of the strategy. While we continue to like the BMW’s equity story, we maintain our negative recommendation seeing the current valuation as to ....