Q1 2022 Bayerische Motoren Werke AG Earnings Call Transcript
Ladies and gentlemen, good afternoon from Munich. I would like to welcome you all to our telephone conference for the first quarter results. With us today are Oliver Zipse, Chairman of the Board of Management of BMW AG; and Dr. Nicolas Peter, our CFO. We will start with Nicolas Peter who will take you through our financial results, followed by Oliver Zipse who will give you a general business update for the BMW Group. And as usual, we'll have afterwards time for a Q&A session.
Nicolas, please go ahead.
Thanks a lot. Good afternoon, ladies and gentlemen. The BMW Group has made a strong start to 2022 in an increasingly volatile geopolitical and global economic environment. Our business is performing in line with our expectations.
The ongoing war in Ukraine is affecting the availability of vehicle components, which led to production disruptions at several European plants during the first quarter.
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