Nissan net loss at 233.7 billion yen in FY08
Nissan Motor Co., Ltd., today announced financial results for the fiscal year 2008, ending March 31, 2009, and filed the following results with the Tokyo Stock Exchange:
• Net revenues of 8.437 trillion yen (US $83.78 billion, euro 58.55 billion);
• Operating loss of 137.9 billion yen (US $1.37 billion, euro 960 million);
• Ordinary loss of 172.7 billion yen (US $1.71 billion, euro 1.2 billion); and
• Net loss of 233.7 billion yen (US $2.32 billion, euro 1.62 billion).
The full-year results were better than the forecast* disclosed at the third-quarter financial results filed on February 9, 2009.
"The global economic recession and financial crisis continue, but we are beginning to see some signs of improved access to credit, the impact of government stimulus packages and a gradual return in consumer confidence," said Nissan President and CEO Carlos Ghosn. "We remain cautious about the economic environment and fully focused on our company's recovery efforts."
Nissan sold a total of 3,411,000 vehicles worldwide in fiscal year 2008, down 9.5%. In North America, sales were 1,133,000 units, down 16.2%; United States sales were 856,000 units, down 19.1%. In Japan, sales were 612,000 units, down 15.1%.
In Europe, sales came to 530,000 units, down 16.7%. Sales in General Overseas Markets (GOM) were up 7.1% at 1,136,000 units, where China remains the only market to demonstrate growth.
In fiscal year 2008, Nissan released eight all-new models globally: Teana, Infiniti FX, Maxima, Qashqai+2, NP200, KIX mini SUV, Cube and Z.
[Via: Infibeam]