General Motors Co (GM) Q4 2021 (USD): Adj. EPS 1.35 (exp. 1.19), Revenue 33.6bln (exp. 34.01bln).

• Expects FY22 net income 9.4-10.8bln.
• FY22 EBIT adj. 13-15.0bln.
• FY EPS view between 6.25-7.25 (exp. 6.87).
• Expect to double revenue to 275-315bln by 2030.

COMMENTARY

• With an improving outlook for semi's in US and China, expect 2022 results will remain strong.
• Experienced higher than expected inflationary pressures and increased costs due to Omicron and a tight labour market.
• Strong demand is driving acceleration of EV manufacturing.

Via PR Newswire