Nissan ends fiscal year 2021 positively. Return to profit after 3 years

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Nissan reported funded results for its full fiscal year 2021 . The numbers are very interesting as the Japanese carmaker has closed this period positively. This is very important news, especially given the difficult situation in the automotive sector penalized by the effects of the pandemic and the chip crisis.

FISCAL YEAR 2021

Despite? The market context? Challenger, Nissan ?? succeeded in carrying out its Nissan NEXT transformation plan, strengthening its commercial base, improving quality? sales and introducing new models to the market.

In fiscal year 2021, the profitability? ? significantly improved compared to the previous year thanks to financial discipline and strict control of fixed costs. The improvement of the quality? of sales globally, supported by favorable market conditions in the United States, led to a significant increase in net unit revenues of the main new models, helping to improve profitability. of the period.

According to what was communicated, for the entire fiscal year 2021,? The consolidated net turnover? of 8.42 trillion yen, with an operating profit of 247.3 billion yen, an operating margin of 2.9% and a net profit? of 215.5 billion yen (approximately 1 , € 58 billion). After three years, Nissan marks the return to profitability . The free cash flow of the automotive sector? of -294.7 billion yen, while the liquidity? net of the automotive sector? of 728 billion yen. Considering the joint venture in China on a proportional basis, the operating profit? of 360.5 billion yen, equivalent to an operating margin of 3.7%, while the net profit ?? of 215.5 billion yen.

OUTLOOK 2022

For fiscal year 2022 , Nissan expects the market environment to be? even more? challenger due to several factors such as the chip crisis problem, the crisis in Ukraine, the rising cost of raw materials and the impact of the lockdown in China on spare parts supplies.

Despite this scenario that is certainly not positive, the Japanese carmaker aims to? Maintain an operating profit at the level of that of fiscal year 2021, guaranteeing the product launch plan, improving the quality? of sales and further strengthening financial discipline and control of fixed costs. 2022 will be an important year, in view of the completion of the Nissan NEXT plan in 2023. Although we foresee an even more market context? challenging, we are confident that we will deliver on our transformation plan and ensure that Nissan remains a healthy and resilient company, capable of being financially stable and profitable and of maintaining sustainable growth. We will consolidate the foundations to achieve the Nissan NEXT Plan? Goal of an operating margin of 5%? In fiscal year 2023.

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