BYMOF - Bayerische Motoren Werke Aktiengesellschaft (BMWYY) Q4 2023 Earnings Call Transcript
2024-03-21 11:55:22 ET
Bayerische Motoren Werke Aktiengesellschaft (BMWYY)
Q4 2023 Earnings Conference Call
March 21, 2024 07:30 ET
Company Participants
Ritu Chandy - Senior Vice President, Treasury & Investor Relations
Walter Mertl - Chief Financial Officer
Oliver Zipse - Chairman of the Board of Management
Conference Call Participants
Jose Asumendi - JPMorgan
Patrick Hummel - UBS
Michael Tyndall - HSBC
Horst Schneider - Bank of America
Stephen Reitman - Societe Generale
Pal Skirta - Bankhaus Metzler
Michael Punzet - DZ Bank
Presentation
Ritu Chandy
Good morning, good afternoon and good evening, ladies and gentlemen, dialing in from across the globe. Strong today and strong tomorrow, that's the theme of our Annual Press Conference 2024. We've delivered in a steadfast manner on all our KPIs for 2023 and provided robust guidance for 2024.
My name is Ritu Chandy, Senior Vice President, Treasury and Investor Relations for BMW Group and I'm delighted to be your moderator today. Our CEO, Oliver Zipse; and CFO, Walter Mertl, are now ready to answer your questions.
Question-and-Answer Session
Ritu Chandy
Without further ado, our first question comes from Dorothee Cresswell, Exane. We will move to the second caller, Jose Asumendi, please. Dorothee, we'll come back to you.
Jose Asumendi
I would like to, please, understand a little bit better the market environment you're seeing in China in the first month of the year. And specifically, when you look at 2024, can you describe a little bit the tailwinds and the headwinds you're seeing in your Chinese business which will impact your profitability in 2024 as well as the product cycle in the region? Second question please relates -- maybe Mr. Zipse can take this one. Would love to hear a little bit more your thoughts with regards to your efforts to beat the initial targets in 2025 in Europe which, by the way, I think you are obviously well on track to hit them. But with regards to the 2030 targets which, in our view, basically convey the message that we need to have at least 50% share of BEV in Europe, how do you see these targets for BMW and overall for the European car industry?...
Bayerische Motoren Werke Aktiengesellschaft (BMWYY) Q4 2023 Earnings Call Transcript