Press release
1MB
february 07, 2019 - Mazda
Third quarter: Mazda sets another global sales record
Setting a new best mark for the third consecutive year, #Mazda Motor Corporation recorded global sales of 1,186,000 units between April and December 2017, the first nine months of the carmaker’s 2017-18 fiscal year. That was 25,000 (2%) more than in the same period of 2016*.
Around the world, Mazda’s crossovers – led by the new #Mazda CX-5 compact SUV – sparked vehicle turnover. The company set a new record in China, hiking sales by 8% year-on-year to 245,000 cars during the three fiscal quarters, also performing well in Japan with growth of 5%. The European figure was 172,000**, as sales over the period surged 18% in France. Spain (+10%), the Netherlands (+8%) and Germany (+7%) also posted notable increases.
As for the financials, total revenue was up 8% or ¥199 million to ¥2.55 trillion (€19.8 billion). #Mazda also increased operating profits by 5% to ¥107 billion (€830 million) and reported a 6% rise in net income to ¥84.9 billion (€658 million).
Looking to sustain future growth and meet ongoing strong demand, the company began CX-5 production at its Hofu plant in Japan. This reflects the ever-increasing popularity of Mazda’s crossovers, whose share of total unit sales are expected to surpass 40% this fiscal year. Also on the production side, besides increasing engine capacity in Thailand, the company announced the location of a new joint-venture U.S. plant with Toyota in Huntsville, Alabama, where #Mazda plans to build SUVs starting in 2021. The development of electric vehicle technologies through EV C.A. Spirit Co., Ltd, another joint venture with Toyota and Denso, a Japanese parts maker, is progressing as planned.
Next-generation product highlights include the SKYACTIV-X, which is slated to be the world’s first commercially available compression-ignition petrol engine when it arrives on the market in 2019. Meanwhile, the new direction for vehicle designs as shown on recent concept cars like the award-winning #Mazda VISION COUPE should further bolster future results.
While closely monitoring the environment on an ongoing basis, #Mazda anticipates favourable global financial markets and verified its previous forecast for the fiscal year ending on 31 March. It expects to sell an all-time record 1.6 million cars worldwide while posting a ¥150 billion operating profit (€1.15 billion) and net income of ¥100 (€769 million) on revenue of ¥3.5 trillion (€26.9 billion). The planned second -half dividend is also unchanged at ¥20, bringing the fiscal-year total to ¥35.
* Source: #Mazda Motor Corporation’s “Consolidated Financial Results for the Third Quarter of the Fiscal Year ending March 31, 2018”. Euro figures were calculated at €1 = ¥129 for the first nine months and €1 = ¥130 for full-year forecasts
** EU, EFTA & Turkey
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