Nissan, in complete confrontation with Renault, shows low profits

Nissan, in complete confrontation with Renault, shows low profits

Nissan is not in such good shape. It is true that on Wednesday, November 9, it raised its forecast for the annual result slightly, in particular thanks to positive exchange rate effects in connection with the depreciation of the yen. Renault’s Japanese partner is now expecting a net profit of 155 billion yen (currently 1 billion euros) for its 2022 financial year, despite an associated special charge of around 100 billion yen (680 million euros). on Nissan’s withdrawal from the Russian market, which was announced in October. However, the profit would decrease over a year. In 2021-2022 it was still 1.6 billion euros. Nissan is also targeting an operating profit that will be revised upwards by more than a third from forecasts to 360 billion yen ($2.5 billion), with a forecast margin of 3.3%. This is certainly better than in the previous year (2.9%). But the Japanese is said to still have one of the lowest-margin cars in the world. Had not reported its reference shareholder Renault 4.7% operating margin excluding Russia in H1 2022? Nissan expects to sell just 3.7 million vehicles in the current fiscal year, compared to 4 million so far.

Reference: www.challenges.fr

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