Renault Group: Nissan's contribution to Renault Group's Full Year 2023 earnings
08 Fevereiro 2024 - 4:28AM
Renault Group: Nissan's contribution to Renault Group's Full Year
2023 earnings
Press Release February 8, 2023 |
|
Nissan contributes €797
million to Renault Group’s
Full Year 2023 earnings
Nissan released today its results for the third
quarter of fiscal year 2023/2024 (April 1st,2023 to March
31st, 2024).
Nissan’s results, published in Japanese
accounting standards, for the third quarter of fiscal year
2023/2024 (October 1st to December 31st, 2023), after IFRS
restatements, will have a negative contribution to Renault Group’s
fourth quarter 2023 net income estimated at -€440 million1.
Therefore, Nissan's contribution to Renault
Group Full Year 2023 results amounted to €797 million.
As a reminder, following the sale by Renault
Group of 211 million Nissan shares announced on December 13, 2023,
and the cancellation of the acquired shares as part of the buyback
by Nissan, Renault Group's holding position amounts to 40.42% of
Nissan's capital (15.79% of Nissan shares are held directly and
24.63% of 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 more than 2.235 million vehicles in 2023. It employs
nearly 106,000 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 39philippine.de-schonen@renault.com |
RENAULT
GROUP PRESS RELATIONS |
|
Rie Yamane+33 6 03
16 35 20rie.yamane@renault.com |
1 Based on an average exchange rate of 159.03 yen/euro for the
period under review.
- 20240208_Renault Group_Press Release_2023 Nissan
contribution
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