While many brands took a hit during the lockdown, BMW's Free Cash Flow beats market estimates. In their latest Ad-Hoc announcement, we learn how they turned lemons into lemonade. For starters, the outbreak caused many owners to stay at home, so less warranty work means money saved.

Chinese buyers made strong down payments, injecting even more cash. Parts inventories were also streamlined to keep fewer valuable items on the shelf. This allowed their Free Cash Flow for Q4 to be € 2.8 billion, or 1.3 billion Euro more than Q4 2019. Our main Fast Financials will show you how BMW bounced back!

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