German luxury carmaker BMW AG reported that its third-quarter Group net profit climbed 23% to €3.18 billion ($3.11 billion) from last year's €2.58 billion.
Group earnings before tax (EBT) for the third quarter amounted to €4.10 billion, up 20% from last year.
In the third quarter, BMW Group's revenues reached €37.18 billion, up 35.3% from €27.47 billion a year ago.
Automotive deliveries edged down 0.9% from last year to 587,744 vehicles, the company said.
In the month of September, the BMW Group reported solid sales growth of 6.6%, with 210,543 vehicles delivered to customers.
Looking ahead, BMW confirmed its guidance for the full year 2022, targeting slightly lower sales than last year, although sales of fully-electric vehicles should still double.
The company expects Group pre-tax earnings to be significantly higher, due to the full consolidation of BBA - and despite the slight decrease in deliveries compared to the previous year.
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