Q1 2020 Bayerische Motoren Werke AG Earnings Call Transcript
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Good afternoon, ladies and gentlemen. I would like to welcome you all to our telephone conference for the first quarter results. I hope you are all doing well in these unusual times.
With us today is Oliver Zipse, Chairman of the Board of Management of BMW; and Nicolas Peter, our CFO.
First, Oliver Zipse will give you an update on the business performance, and then Nicolas Peter will take you through our financial results. Afterwards, we will have time for a Q&A session. Oliver, please go ahead.
Good afternoon, ladies and gentlemen. The current situation is extremely challenging, which makes it even more important to have a clear course, a firm stance and responsible leadership. This includes balancing business decisions between short-term impact and long-term perspective, intelligently and effectively. On the one hand, we have measures
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