Mazda Motor Corporation released its first-quarter financial and business results, with the Hiroshima brand selling 309,000 vehicles globally in the period from April 1 to June 30, 2024, on par with the previous fiscal year. For the first quarter of the fiscal year, Mazda reported net sales of 1,205.6 billion yen (€7.2 billion) and operating profit of 50.4 billion yen (€300 million*), up 68% from the previous year. Net profit was 49.8 billion yen (€296.4 million).
Mazda grows in Europe
In Europe, first-quarter sales increased 12 percent year-on-year to 49,000 vehicles, driven by sales of the CX-30, CX-5 and Mazda2. Market share increased 0.1 points year-on-year to 1.2 percent. Germany and the United Kingdom, Mazda’s largest markets in the region, supported sales with 12,000 and 7,000 units, respectively. Italy also contributed to the performance, growing 11 percent, driven primarily by private channel demand, which increased 22 percent. Mazda’s sales volume in North America increased 14 percent to 146,000 units, marking the highest first-quarter sales ever. China, Mazda’s largest market in Asia, reported sales of 18,000 units, a decline of 9 percent. In its home market, Japan, sales reached 29,000 units.
Predictions for the future
In continuing to monitor current market movements, Mazda’s forecast for global sales and consolidated total volumes remains unchanged. Global sales are expected to reach 1,400,000 units. For the fiscal year ending March 2025, Mazda estimates net sales of 5,350.0 billion yen (33 billion euros), operating profit of 270.0 billion yen (1.6 billion euros) and net profit of 150.0 billion yen (925.9 million euros). Mazda will continue to monitor the economic environment, automotive demand trends in its markets and the future development of issues affecting the company’s business. The Hiroshima-based company aims to make continued progress in electrification and value creation for the future.
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