RENAULT : Nissan contributes - € 56 million to Renault's first quarter 2019 earnings
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PRESS RELEASE
Nissan contributes - € 56 million for first quarter 2019 to Renault's earnings
Boulogne-Billancourt, 05/14/2019 - Nissan released today its results for the fourth quarter of fiscal year 2018/2019 (April 1, 2018 to March 31, 2019).
Nissan's results, published in JGAAP, for the fourth quarter of fiscal year 2018/2019 (January 1st to March 31th, 2019), after IFRS restatements, will have a negative contribution to Renault's first quarter 2019 net income estimated at - € 56 million[1].
About Groupe Renault
Groupe Renault has manufactured cars since 1898. Today it is an international multi-brand group, selling close to 3.9 million vehicles in 134 countries in 2018, with 36 manufacturing sites, 12,700 points of sales and employing more than 180,000 people.
To address 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 motorsports, a real vector for innovation and awareness.
For further information, please contact:
Astrid de-Latude
[email protected]
Press Officer
+33 1 76 83 18 84 / +33 6 25 63 22 08
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: RENAULT via Globenewswire
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