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Bayerische Motoren Werke AG

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BMW AG increases risk provision - outlook for financial year 2008 confirmed

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
24.04.2008
Ad-hoc information pursuant to § 15 WpHG (Securities Trading Act)
BMW AG increases risk provision - outlook for financial year 2008 
confirmed
The Board of Management of BMW AG decided at the board meeting held 
today to increase the amount of risk provision recognised in the 
first quarter of the financial year 2008 in the light of the 
repercussions of the international financial crisis. The financial 
crisis has become more severe of late. This has resulted in a drop in
pre-owned car selling prices, particularly in North America, and 
consequently in a reduction of revenues that can be generated on 
vehicles at the end of lease contracts. This downward trend 
accelerated during the month of March. For the above reasons, it was 
necessary to recognise a higher risk provision for lease vehicles on 
the one hand and for the increased level of bad debts/payment arrears
on the other. In total, an expense of euro 236 million was 
recognised.
Given its strong operating performance and the benefits of on-going 
efficiency improvements, the BMW Group confirms its outlook for the 
financial year 2008: Excluding the exceptional gain on the 
Rolls-Royce exchangeable bond recognised in 2007, the BMW Group aims 
to achieve higher pre-tax group earnings in 2008 than one year 
earlier. Further details regarding business development in the first 
quarter will be published on 29 April 2008.
Further inquiry note:
Marc Hassinger
Tel.: +49 (0) 89 382 23362
E-Mail:  Marc.Hassinger@bmw.de
Bill McAndrews
Tel.: +49 (0) 89 382 22332
E-Mail:  Bill.McAndrews@bmw.de
end of announcement                               euro adhoc

Further inquiry note:

Susanne Meis
Tel.: +49(0)89 382 33005
E-Mail: susanne.meis@bmw.de

Branche: Automotive Equipment
ISIN: DE0005190003
WKN: 519000
Index: DAX, CDAX, HDAX, Prime All Share
Börsen: SWX Swiss Exchange / Hauptsegment
Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / regulated dealing
Börse Hamburg / regulated dealing
Börse Stuttgart / regulated dealing
Börse Düsseldorf / regulated dealing
Börse Hannover / regulated dealing
Börse München / regulated dealing

Plus de actualités: Bayerische Motoren Werke AG
Plus de actualités: Bayerische Motoren Werke AG