Renault: Nissan has a positive impact of 49 million euros on the result of the first quarter

Posted 12 May, 2022

Nissan today released results for the fourth quarter of its fiscal year 2021/2022 (ending March). On this occasion, Renault indicates that this is reflected in its net income for the first quarter of 2022 by a positive contribution estimated at 49 million euros. And this, is on the basis of an exchange rate of 130.5 yen for one euro on average over the quarter.

As announced on March 23, Renault indicates that asset impairments on its activities in Russia were recognized as of March 31, 2022, and were taken into account for Nissan's stake in Renault Group (i.e. 15%) in the accounts published by Nissan to date in Japanese standards.

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