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BMW Hits 2022 Pretax Earnings Target—Focus Magazine Quoting CFO

Aria Thomas

Feb 13, 2023 11:56

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BMW met its objective for significantly greater pretax earnings in 2022 compared to the previous year, according to Focus Money magazine, citing the German automaker's chief financial officer.


"We have no cause to adjust the forecasts... If not, we would not be sitting here so calmly "Focus Money magazine reported that CFO Nicolas Peter stated.


The automaker, which is scheduled to release its annual results in mid-March, was not immediately to corroborate the report.


Peter stated that demand in the United States was quite healthy and that Europe's order backlog remained large, but that new orders were declining in the United Kingdom and Germany. According to him, France and Spain are performing better.