BMW’s Q2 was solid overall, topping consensus at all levels. The Automotive EBIT margin was 8.2%, a weak performance when compared to peers, but this was due to the impact of the first consolidation of its Chinese JV (BBA). The FY22 outlook came in more worrying after the bullish comments from peers last week as BMW warned of a demand slowdown possibly as soon as the end of the year. This is likely to be a first hint of CY23 auto sector’s health.
04 Aug 2022
Q2 22: BMW’s cautiousness foreshadowing the industry’s slowdown?
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Q2 22: BMW’s cautiousness foreshadowing the industry’s slowdown?
Bayerische Motoren Werke AG (BMW:ETR) | 0 0 0.0%
- Published:
04 Aug 2022 -
Author:
Valentin Mory -
Pages:
3
BMW’s Q2 was solid overall, topping consensus at all levels. The Automotive EBIT margin was 8.2%, a weak performance when compared to peers, but this was due to the impact of the first consolidation of its Chinese JV (BBA). The FY22 outlook came in more worrying after the bullish comments from peers last week as BMW warned of a demand slowdown possibly as soon as the end of the year. This is likely to be a first hint of CY23 auto sector’s health.