ROMA – Nissan Motor has booming accounts, which has just presented the financial results for the quarter ended last June 30, increasing the profit forecasts for fiscal year 2021. In detail, the first quarter closed with consolidated net revenues equal to 2.008 trillion yen, the consolidated operating profit was 75.7 billion yen, with an operating margin of 3.8%, while the net profit stood at 114.5 billion yen. According to the Japanese company, profitability improved as a result of favorable market conditions, the positive results obtained on the American market, the quality of sales on all markets and thanks to the implementation of the Nissan Next strategy. The Japanese brand then managed to contain the negative implications due to the lack of semiconductors through an effective management of its inventories and a strategic production in the first quarter that contributed to obtaining the operating profit. In addition, Nissan expects that the shortage of semiconductor availability will continue to affect sales in both the second quarter and subsequent periods but thanks to the overall volume of sales, and with the support of the launch of the new models, a positive contribution will be recorded. to operating profit.
Finally, the forecasts for the entire fiscal year are also positive, with net sales of 9.75 trillion yen, operating profit of 150 billion yen and net profit of 60 billion yen, the latter up by 120 billion yen compared to previous forecasts (which predicted -60 billion yen). “In the first three months of the new fiscal year, we have seen positive results as we continue to implement the Nissan Next business transformation plan – emphasized Makoto Uchida, Nissan CEO – For the rest of the year, we expect the current market uncertainties to continue. to influence the environment in which we operate. We will closely monitor and manage potential risks, further improving sales quality and cost control. In the second quarter, we expect a recovery driven by the launch of several new models in major markets. Nissan will firmly pursue the goal of achieving an operating margin of 2% in fiscal year 2021, which is one of the key points of the Nissan Next plan ”. (maurilio rigo)
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