euro adhoc: Bayerische Motoren Werke Aktiengesellschaft / Financial Figures/Balance Sheet / Ad-hoc notification pursuant to Sec. 15 WpHG

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04.11.2008

• Market climate significantly deteriorated
• Additional burden of approx. euro 1,3 billion in the first three
quarters
• Pre-tax profit for first nine months down to euro 1,522 million
• Operational improvements achieved in first nine months
• Forecast for full year 2008 no longer possible due to financial crisis
• Group earnings for current year expected to be clearly positive
• Profitability targets for 2010 and 2012 confirmed

The knock-on effects of the international financial crisis, the
downturn in the global economy, adverse exchange rate factors and
high raw material prices have resulted in substantial additional
expenses for the BMW Group during the third quarter and brought about
a perceptible drop in revenues and earnings. The third quarter
pre-tax profit was euro 279 million (third quarter 2007: euro 765
million), while the nine-month profit before tax decreased to euro
1,522 million (first nine months 2007: euro 2,682 million). In the
face of a general reticence to spend by consumers, ongoing
difficulties on the pre-owned car markets and increased bad debt
risks, the BMW Group raised its provision for residual value risks
and credit risks during the third quarter by euro 342 million. This
brings the expense for risk provision recognised during the first
nine months of the year to euro 1,037 million. In addition, a further
euro 258 million was incurred during the period from January to
September in conjunction with previously announced measures to reduce
the size of the workforce.

The BMW Group has continued to achieve improvements in operational
terms during the period under report, even if the generally positive
progress made has been increasingly overshadowed by the impact of
adverse external factors (risk provision and severance pay).

Given the prevailing difficult conditions, the likely progress of
business over the coming months cannot be forecast with any
exactitude. For this reason, it is not possible to predict the level
of group earnings for the year, other that they will continue to be
clearly positive. Previously, the BMW Group had forecast a return on
sales of at least 4% for the year: this is no longer feasible given
the sharp deterioration in market conditions.

The BMW Group no longer forecasts that its worldwide sales volume for
the full year will be as high as the previous year´s record level.
Based on the latest extrapolated figures, a further significant drop
in sales volume will be recorded in October. In view of the weak
state of the global economy, the BMW Group will bring production
volumes into line with market demand, and in additional to the 25,000
units already announced, will cut back production for the year by at
least a further 40,000 units compared to the original forecasts.

Despite difficult business conditions, the BMW Group remains
committed to its long-term profitability targets. A return on sales
of at least 6% is therefore still being targeted for the year 2010.
This does, however, depend on the markets´ recovering. For the year
2012, the BMW Group continues to target a return on capital employed
(ROCE) in excess of 26% and an EBIT margin of between 8% and 10% in
its Automobile segment.

Further inquiry note:

Bill McAndrews
Tel.: +49 (0) 89 382 22332
E-Mail: Bill.McAndrews@bmw.de

Marc Hassinger
Tel.: +49 (0) 89 382 23362
E-Mail: Marc.Hassinger@bmw.de

end of announcement euro adhoc
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ots Originaltext: BMW AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Susanne Meis

Tel.: +49(0)89 382 33005

E-Mail: susanne.meis@bmw.de

Branche: Automotive Equipment
ISIN: DE0005190003
WKN: 519000
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