For the nine-month period ended 31 December 2023, Mazda has reported record profits at all levels: net sales were ¥3,566.5 billion (€23 billion), up 32% from the prior year, and operating profit was ¥200.2 billion (€ 1.3 billion), up 83%. Net income was up 60% to 165.5 ¥billion (€1.067 billion).

Mazda also reported global sales of 930,000 vehicles for the period 1st of April to 31st of December 2023, up 17% year-on-year.

Sales in Europe in the first three quarters of the year were up 24% year on year to 135,000 vehicles, driven by sales of the Mazda CX-60 and Mazda CX-5. Germany and the UK, Mazda’s biggest markets in the region, contributed with 34,000 and 22,000 units, respectively.

Mazda’s sales volume in North America was up 32%, to 380,000 units. In Mazda’s home market of Japan, sales were 121,000 units in the first three quarters of the fiscal year, a 12% year-on-year increase. China, Mazda’s biggest market in Asia, registered sales of 73,000 units, up 1%.

Mazda’s full fiscal year (ended 31 March 2024) forecast remains unchanged: including global sales of 1,286,000 units for the full fiscal year, net sales of ¥4,800 billion (€ 31.8 billion), a record operating income of ¥250 billion (€ 1.7 billion) and a net income of ¥170 billion (€1.1 billion).

In the third quarter of the fiscal year, the Mazda Motor Corporation re-established the RE Development Group to accelerate research and development of rotary engines to be used as generators in electrified models. The RE Development Group will conduct research and development in areas such as regulatory compliance in major markets as well as the application of carbon-neutral fuels.

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By GlobalData

Mazda said that FY Q3 (quarter ended 31 Dec 2023) global sales increased by 12% year on year to 313,000 units and that record sales in the US for the third quarter. It said CX-90 sales grew steadily, and global sales volume of its large products hit a record quarterly volume.