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GROUPE RENAULT : Nissan contribution to Renault’s Q1 2020 earnings

RENAULT
·1-min read

May 28th, 2020

Nissan contributes -€3,573 million for first quarter 2020 to Renault’s earnings

Nissan released today its results for the fourth quarter of fiscal year 2019/2020 (April 1st, 2019 to March 31th, 2020).

Nissan’s results, published in Japanese accounting standards, for the fourth quarter of fiscal year 2019/2020 (January 1st to March 31th, 2020) will have a negative contribution to Renault’s first quarter 2020 net income estimated at -€3,573 million(1) after IFRS restatements ( -€976 million).

(1) based on an average exchange rate of 120.1 yen/euro for the period under review.

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