Investor Relations.

Protecting employees and taking responsibility for society +++ Safeguarding liquidity and the company’s long-term success +++ Around 80% of retail outlets closed in Europe; 70% in the US +++ BMW Group sells 477.111 vehicles in first quarter +++ Pieter Nota: “China shows first signs of recovery” +++ Plus 14% electrified vehicles. On track to meet CO2 targets

Munich. During the current coronavirus pandemic, protecting employees and taking responsibility for society are the number one priority for the BMW Group. At the same time, it is important to safeguard the company’s liquidity and secure its long-term success. The sales result for the first quarter was overshadowed by the global impact of COVID-19 and the effects of the temporary closure of a large number of retail outlets. The BMW Group delivered a total of 477,111 (‑20.6%) premium BMW, MINI and Rolls-Royce vehicles to customers in the first three months of this year.

“We are reacting to the globally challenging sales situation caused by the corona pandemic and are flexibly adapting our production volume to demand. In this way, we are creating important conditions for the company's continued economic success,” underlined Pieter Nota, member of the Board of Management of BMW AG responsible for Customer, Brands and Sales. “In China, we are seeing the first signs of recovery with a strong order intake,” Nota continued. 

Traceability of parts and critical raw materials in complex international supply chains +++ BMW Group “PartChain” project targets industry-wide solution for secure data sharing +++

Munich. The BMW Group is using innovative digital technologies to optimise its processes. A good example of this is Blockchain, a technology that enables tamper-proof data sharing, with potential applications throughout the entire automotive value chain. The BMW Group is using this technology in purchasing to ensure the traceability of components and raw materials in multi-stage international supply chains. “In 2019, we conducted a successful pilot project for purchasing front lights. This year, we want to expand the project to a large number of other suppliers,” said Andreas Wendt, member of the Board of Management of BMW AG responsible for Purchasing and Supplier Network. 

Zipse: “Solidarity and responsible action are called for” +++ Guidance 2020 affected by corona spread +++ Power of Choice: Next BMW 7 Series all-electric version +++ Unequivocal commitment to meeting CO2 targets +++ Quarter-on-quarter improvement in profitability in 2019 +++ Group revenues exceed 100 billion euros for the first time

Munich. The BMW Group is embracing the transformation of the automotive industry with great confidence and investing heavily in research and development with a view to shaping the mobility of the future for the benefit of its customers.

In the context of the spread of coronavirus, the Chairman of the Board of Management of BMW AG, Oliver Zipse, pointed out in Munich on Wednesday: “Solidarity and responsible action are called for. In our society it is the duty of the strong to protect the weak. The BMW Group therefore fully supports the measures aimed at containing the spread of coronavirus.” The BMW Group is responding to the foreseeable development in demand on the global automobile markets by adjusting production volumes at an early stage and will make full use of the broad range of instruments available to it to maximise flexibility.