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May 12, 2022

Nissan contributes EUR49 million to Renault Q1 profit

Positive contribution to Q1 net profit.

By Graeme Roberts

Nissan Motor results, published in Japanese accounting standards, for the fourth quarter of fiscal year 2021/2022 (1 January to 31 March, 2022), after IFRS restatements, will make a positive contribution to Renault first quarter 2022 net income estimated at EUR49 million.

“As announced on 23 March, 2022, impairment losses on our Russian’s assets have been accounted for as of 31 March, 2022 and taken into account by Nissan for their share in Renault Group (15%) in their Japanese GAAP financials published today,” Renault said in a statement.

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