RENAULT : Nissan contributes € 384 million for third quarter 2018 to Renault's earnings
Nissan contributes € 384 million for third quarter 2018 to Renault's earnings
Boulogne-Billancourt, France, November 8th, 2018
Nissan released today its results for the second quarter of fiscal year 2018/2019 (April 1, 2018 to March 31, 2019).
Nissan's results, published in JGAAP, for the second quarter of fiscal year 2018/2019 (July 1st to September 30th, 2018), after restatements, will have a positive contribution to Renault's third quarter 2018 net income estimated at € 384 million (1).
(1) Based on an average exchange rate of 129.7 yen/euro for the period under review.
About Groupe Renault
Groupe Renault, which has been making cars since 1898, is now an international corporation with a presence in 134 countries and sales of 3.76 million vehicles in 2017. Today, the company has over 180,000 employees, 36 manufacturing sites and 12,700 sales outlets worldwide. To meet the major technological challenges of the future while continuing to pursue its profitable growth strategy, Groupe Renault is focusing on international expansion. To this end, it is drawing on the synergies of its five brands (Renault, Dacia, Renault Samsung Motors, Alpine and LADA), electric vehicles, and its unique alliance with Nissan and Mitsubishi Motors. With a 100% Renault owned team committed to the Formula 1 World Championship since 2016, the brand is involved in motorsport, a real vector of innovation and awareness.
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