After announcing its fiscal 2022 sales in January, German automaker BMW Group has announced its fiscal 2022 financial figures.
In February last year, BMW Group said it would pay €3.7bn to take majority control of its Chinese joint venture BMW Brilliance Automotive, increasing its stake from 50% to 75% after obtaining permission from Beijing.
In fiscal 2022, BMW Group’s full-year net profit rose 49.1% due to BBA, but it was still below analyst expectations at Jefferies; Meanwhile, while group revenue rose 28% to €142.6 billion ($150.7 billion), it was below Refinitiv Smart Estim …
