Q3 2021 Bayerische Motoren Werke AG Earnings Call Transcript
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Good afternoon, ladies and gentlemen. This is Maximilian Schöberl. I would like to welcome you all to our telephone conference today.
With us are Oliver Zipse, Chairman of the Board of Management; and Nicolas Peter, our CFO. First, Nicolas Peter will take you through our financial results. Oliver Zipse will then give you an update on the business performance during the quarter. Afterwards, we will have time for our Q&A session.
So we start with Nicolas. Nicolas, please go ahead.
Thanks, Max. Good afternoon, ladies and gentlemen.
The BMW Group's positive business development in the first 9 months of the year confirms our strategic costs. Throughout the semiconductor shortage, our employees have delivered outstanding performance month after month. That is how we were able to raise our expected targets for
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