For the third quarter of the 2022 fiscal year, BMW Group achieved a revenue increase of 35.3% to €37.18 billion. Revenues for the first nine months of the year were up by 24.5% to €103.1 billion.

Electric vehicle deliveries in the year to the end of September were up to 128,000 units, more than double the number in the same period of 2021. BMW Group delivered a total of 1,747,838 vehicles to customers in the year so far, down by 9.5% from 2021’s all-time high.

The group’s EBIT result for the first nine months was €7.7 billion, down by 3%, and €2.87 billion for Q3 alone, an increase of 63.6%. The EBIT margin was 8.7% for the year to September and 8.9% for the third quarter alone.

Nicolas Peter, member of the Board responsible for finance, said: “As a global premium manufacturer, we are benefiting now more than ever from our balanced positioning in the three major regions of the world: Europe, the Americas and Asia.

“Overall, we expect the positive momentum for our company to continue in 2023. Our attractive products and growing demand for e-mobility make us optimistic about the future.”