Nissan contributes - €1,244 million for the second quarter 2020 to Renault’s earnings
Nissan released today its results for the first quarter of its fiscal year 2020/2021 (April 1 st , 2020 to March 31th, 2021).
Nissan’s results, published in Japanese accounting standards, for the first quarter of fiscal year 2020/2021 (April 1 st to June 30 th, 2020) will have a negative contribution to Renault’s second quarter 2020 net income estimated at - €1,244 million(1) after IFRS restatements ( - €305 million).
(1) Based on an average exchange rate of 118.3 yen/euro for the period under review.
Groupe Renault has manufactured cars since 1898. Today it is an international multi-brand group, selling close to 3.8 million vehicles in 134 countries in 2019, with 40 manufacturing sites, 12,800 points of sales and after-sales and employing more than 180,000 people.
To address the major technological challenges of the future, while continuing to pursue its profitable growth strategy, Groupe Renault is focusing on international expansion. To this end, it is drawing on the synergies of its five brands (Renault, Dacia, Renault Samsung Motors, Alpine and LADA), electric vehicles, and its unique alliance with Nissan and Mitsubishi Motors. With a 100% Renault owned team committed to the Formula 1 World Championship since 2016, the brand is involved in motorsports, a real vector for innovation and awareness.