At its annual financial results conference in Munich today, BMW confirmed record sales and profit figures for 2004. Looking ahead, chairman Helmut Panke said that he expected BMW to further add sales in 2005 across all three of its car brands (BMW, Mini and Rolls Royce). However, he sounded a note of caution for the industry on the global economy, noting the risks posed by high prices for oil and raw materials, as well as the weak dollar.