Yokohama – Feb. 10 – Nissan Motor announced Wednesday financial results for the 9-month period ending December 31 that showed net income of 452.8 billion yen, up 33.7%, as strong demand in North America and Western Europe offset weakness in several emerging markets.Operating profit rose to 587.5 billion yen, representing a 6.6% margin on net revenues that rose 10.6% to 8.94 trillion yen.
“Our product offensive has reaped rewards in North America and Western Europe, where buoyant consumer demand and rising unit sales underpinned Nissan’s overall profit-growth,” said Carlos Ghosn, president and chief executive officer.
“Our strong performance in these markets offset the impact of unfavorable exchange-rates from emerging markets and challenging market conditions elsewhere in the world.”
On a management pro forma basis, which includes the proportionate consolidation of results from Nissan’s joint venture operation in China, net revenues in the period increased to 9.72 trillion yen, up 10.5% year-on-year. Operating profit was up
32.1% versus the same period last year, to 682.6 billion yen, resulting in a 7.0% operating profit margin.
On a global basis, Nissan sold 3.89 million vehicles in the period, a 1.4% rise year-on-year.
“Nissan remains on track to achieve its full year financial forecast, reflecting encouraging sales trends in the U.S. and parts of Europe, along with the continued benefits of our cost-discipline and Alliance strategy,” said Ghosn
