Nissan contributes €124 million for fourth quarter 2021 to Renault Group’s earnings
Nissan released today its results for the third quarter of fiscal year 2021/2022 (April 1st, 2021 to March 31st, 2022).
Nissan’s results, published in Japanese accounting standards, for the third quarter of fiscal year 2021/2022 (October 1st to December 31th, 2021), after IFRS restatements, will have a positive contribution to Renault Group’s fourth quarter 2021 net income estimated at €124 million (1).
(1) based on an average exchange rate of 130.0 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 2.9 million vehicles in 2020. It employs more than 170,000 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. www.renaultgroup.com/en/.