CEO Oliver Tsibsia stated in a statement, “Our good results demonstrate in the third quarter that the flexibility produces the ability to adjust… and we are continuing on the correct path to reach our targets for this year.”
The corporation did issue a warning, however, that rising interest rates and increasing inflation will have a negative impact on consumer spending power in the near future.
She predicted that overall sales will be a little lower than they were in 2021.
Despite the fact that total sales were down 9.
Revenues for the company increased by 35.3% over the same time last year, or 5.0%, to reach 37.18 billion euros (or 36.49 billion dollars), outpacing expert predictions with profits of 35.32 billion euros, according to estimates from Rafinitiv.
B before the tax was computed, 4. 1 billion euros, a 20 percent yearly growth, to surpass analysts’ projections of 3. 4 billion euros.
The third quarter saw a 23 percent increase in net earnings to 3.
18 versus 2 trillion euros. In the same period last year, there were 58 billion euros.
Despite rising costs, “BMW” profits are supported by the high cost of cars.
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