Bayerische Motoren Werke Aktiengesellschaft (BAMXF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Dear colleagues, ladies and gentlemen, welcome back to the second part of our group quarterly call. We will now continue in German. So we took a short break, and now we are very happy to answer your questions. As always, we will give you some technical advice, and then we start with the first question. Ladies and gentlemen, we will now start with the Q and A session. If you would like to ask a question, then please raise your hand. It can be found on your screen. If you are connected by phone, then please press the star button and nine. And then you can ask questions one by one. As soon as your name has been announced, it's up to you to ask your question. In order to withdraw the question, then please lower your hand in the Zoom app. And also, if you're connected by phone, press the star button and now in. Now the first question. Here's our first question. It comes from Christina Ammann from Thomson Reuters. Switch on your mic now. Good morning. Thank you very much. Yes, good morning to you. Mr. Tsipse, first of all, I would like to thank you for taking your time, and I wish you all the best for your time after BMW. Today, I'm interested in tariffs. Trump announced to have 25% for imports of cars. Are you optimistic that this will not be implemented? And if yes, why? Second question, the Near East, two things. You pointed out that it has an effect on sales. Can you put a figure to it? And then the second aspect, what does the war in Iran mean for spare parts deliveries? Is there a risk? Okay. Thank you very much, Mrs. Aman, First Minister Sipsa and then Bayerische Motoren. Olga, you have the floor. Good morning, Mrs. Aman. Thank you very much for being here today, as also in the past years. Paris, you know how this has to be read. It's not yet an executive order. For...