Hey, check it out! Mazda just dropped some major news about their profits and sales, and it’s looking pretty sweet. They sold a whopping 616,000 vehicles globally from April to September 2023, which is a 20% increase from last year. In Europe, they sold 90,000 vehicles, up 34%, and in North America, they sold 184,000 units, up 38%. Even in Japan, they saw a 20% increase with 82,000 units sold. But in China, their biggest market in Asia, sales were down 8% at 45,000 units.
And get this, their net sales for the first half of the year hit a record high at ¥2.317,3 billion (€15 billion*), up a whopping 41% from last year. Their operating profit also shot up to ¥129.6 billion (€847 million*), and their net income was 108.1 ¥billion (€706 million*). That’s some serious cash flow!
They’re crediting this success to their new models like the Mazda CX-60 in Europe and the Mazda CX-90 in North America. Because of this, they’ve upped their global sales forecast for the year to 1.2 million units. In Europe, they’re aiming for 193,000 units, making it their second-largest market. They’re expecting net sales of ¥4,800 billion (€31.7 billion*), an operating income of ¥250 billion (€1.6 billion), and a net income of ¥170 billion (€1.1 billion*) for the fiscal year. That’s some serious growth!
But wait, there’s more! Mazda just announced the creation of a new Electrification Business Division to speed up their electrification efforts. They’re on a mission to meet environmental regulations and achieve carbon neutrality in all their plants by 2035. They’re keeping an eye on the market and staying ahead of the game. Go Mazda!
(Source: Mazda)
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