Nissan’s contribution to Renault Group’s third quarter 2024 earnings
07 November 2024 - 8:44AM
UK Regulatory
Nissan’s contribution to Renault Group’s third quarter 2024
earnings
Press Release
November 7, 2024 |
|
Nissan’s
contribution to Renault
Group’s third quarter 2024 earnings
Nissan released today its results for the second
quarter of fiscal year 2024/2025 (April 1st,
2024 to March 31st, 2025).
Nissan’s results, published in Japanese
accounting standards, for the second quarter of fiscal year
2024/2025 (July 1st to September 30th, 2024),
after IFRS restatements, have a negative contribution to Renault
Group’s third quarter 2024 net income estimated at -€111
million1.
As a reminder, following the sales by
Renault Group of Nissan shares and the cancellation of the acquired
shares as part of the buyback by Nissan, Renault Group's holding
position, as of today, amounts to 35.71% of Nissan's capital
(17.05% of Nissan shares are held directly and 18.66% or 693.1
million shares are held in the French trust of which Renault Group
is the beneficiary).
About Renault Group
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 4 complementary brands - Renault, Dacia, Alpine and
Mobilize - offering sustainable and innovative mobility solutions
to its customers. Established in more than 130 countries, the Group
has sold 2.235 million vehicles in 2023. It employs more than
105,000 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.
More information:
https://www.renaultgroup.com/en/
RENAULT
GROUP
INVESTOR RELATIONS |
|
Philippine de
Schonen
+33 6 13 45 68 39
philippine.de-schonen@renault.com |
RENAULT
GROUP
PRESS RELATIONS |
|
François
Rouget
+33 6 23 68 07 88
francois.rouget@renault.com |
1 Based on an average exchange rate of 163.8 yen/euro for
the period under review and an interest rate of 39.1% at 30
September 2024.
- 20241107_Renault Group_Press Release_Q3 2024 Nissan
contribution
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