Does this European BMW 1-Series "Studie" have a high-performance secret?

This dolled-up European BMW 1-Series may just be fitted with a modified M-Package, but more likely it's a performance concept set for an anticipated debut. Either way, this "BMW Performance Studie 1-Series" was recently spotted at a dealer presentation in Germany.

Note that the front and rear bumpers don't match those on a typical M-Package 1-Series BMW, but are similar to those seen in previous spy photos.

With the Frankfurt motor show looming in the medium distance, we'll know soon enough how jealous to be.

Does this European BMW 1-Series "Studie" have a high-performance secret?

Does this European BMW 1-Series "Studie" have a high-performance secret?