Nissan contributes € 49 million for first quarter 2022 to Renault’s earnings
Nissan released today its results for the fourth quarter of fiscal year 2021/2022 (April 1st, 2021 to March 31st, 2022).
Nissan’s results, published in Japanese accounting standards, for the fourth quarter of fiscal year 2021/2022 (January 1st to March 31st, 2022), after IFRS restatements, will have a positive contribution to Renault’s first quarter 2022 net income estimated at € 49 million (1).
As announced on March 23, 2022, impairment losses on our Russian’s assets have been accounted for as of March 31, 2022 and taken into account by Nissan for their share in Renault Group (i.e. 15%) in their Japanese GAAP financials published today.
(1) based on an average exchange rate of 130.5 yen/euro for the period under review.
Renault Group is at the forefront of a mobility that is reinventing itself. Strengthened by its alliance with Nissan and Mitsubishi Motors, and its unique expertise in electrification, Renault Group comprises 5 complementary brands - Renault, Dacia, LADA, Alpine and Mobilize - offering sustainable and innovative mobility solutions to its customers. Established in more than 130 countries, the Group has sold 2.7 million vehicles in 2021. It employs nearly 160,000 people who embody its Purpose every day, so that mobility brings people closer. Ready to pursue challenges both on the road and in competition, Renault Group is committed to an ambitious transformation that will generate value. This is centred on the development of new technologies and services, and a new range of even more competitive, balanced and electrified vehicles. In line with environmental challenges, the Group’s ambition is to achieve carbon neutrality in Europe by 2040. https://www.renaultgroup.com/en/