Mazda Motor Corporation posted a profit for the 2013 fiscal year (FY) ending on 31 March.
The company’s net profit was EUR286m, up from a loss of EUR898m in FY 2012. It is the company’s first net profit in five years. Mazda, like other Japanese companies with sizeable exports, is starting to feel the benefit of yen depreciation.
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Global revenue and profits exceeded the previous year’s figures in all categories, as revenue increased 8.5% to 2.21 trillion yen.
The company expects the positive trend to continue in FY 2014, with 12% global revenue growth and a doubling of profits from the current figure. Unit sales are also predicted to rise by 8% worldwide to 1.34 million and 17% in Europe (including Russia) to 200,000.
Mazda forecasts global sales of 1.7 million in FY 2016.
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