During the April-June period Nissan recorded revenue of $24.13 billion, representing a 10.4 percent improvement over the same quarter a year earlier. As a result of that increased revenue, Nissan’s operating profit spiked 13.4 percent to $1.2 billion during the first quarter.
Nissan’s results were spurred by increased demand from the United States and China, where sales increased by 14.1 percent and 21.1 percent respectively.
“Nissan continued to make progress in the first three months of the fiscal year as encouraging demand for new products, benefits from recent plant investments, and improving market conditions in North America, China and Europe combined to lift both revenues and profits,” said Carlos Ghosn, president and chief executive officer. “Nissan is well placed to deliver on its outlook given our continued product offensive along with measures to enhance competitiveness, build market share and the ongoing benefits of our Alliance strategy.”
Nissan sold 1.24 million vehicles worldwide during the three month stretch, marking a 6 percent increase over Q1 of 2013.
For the year, Nissan expects to pocket $5.35 billion in profit off of 5.65 million deliveries.
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