Q2 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 second quarter results.
With us today is Oliver Zipse, Chairman of the Board of Management of BMW AG; and Nicola Peter, our CFO. First, Oliver Zipse will give you an update on the business performance during the quarter. Nicolas Peter will then take you through our financial results. Afterwards, we will have time for a Q&A session.
Oliver, it's your time now. Please go ahead.
Good afternoon, ladies and gentlemen. Recent months have been marked by the massive impact of global measures to contain COVID-19. At the BMW Group, we still achieved positive group earnings before taxes in the first half of the year. And we've always kept the company running, and all vehicle projects are coming to market as
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