Bayerische Motoren Werke Aktiengesellschaft (BAMXF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. 2025 was, in many ways, a remarkable year for the BMW Group and, above all, one that set our course for the future. First, we achieved a solid financial result with Group earnings of more than €10 billion. Walter Mertl will provide more detail in just a moment. Second, we grew in 2025, selling more vehicles than the previous year and expanding our leadership of the global premium segment. And third, our technology open strategy continued to demonstrate its strength. Demand for cars with combustion engines remained stable, while sales of our all-electric and electrified vehicles continued to grow. And fourth, once again, through our own efforts, we significantly outperformed the EU's CO2 fleet targets for 2025. And finally, we successfully began the rollout of our Neue Klasse with the BMW iX3, giving the BMW brand and the entire company crucial momentum for the future. And all of this shows we deliver consistently and continuously. We have set the right course in recent years and do not need to change our strategic direction. In this way, we can keep the company on track for long-term success. Standing here beside me is the new BMW iX3. This vehicle marks a pivotal moment in the BMW Group's recent history, the serious launch of our neue Klasse. Production of the iX3 has successfully ramped up at our new plant in Debrecen in Hungary. First customers have already received their vehicles and since last week the iX3 has been in European showrooms. Demand for the iX3 is significantly exceeding our expectations with strong orders from both private and fleet customers. and we are also attracting many new customers who have never driven a BMW before. Our order books for the iX3 are full and reach well into this year. We are exploiting the f...