Japan:Mazda Q1 revenue up 10% on brisk European sales - Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars
Ford Forum Ford Forum

» Auto Insurance
» Featured Product
ยป Wheel & Tire Center

Go Back   Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars > Ford Cars and PAG Vehicles > Mazda Forum
Register Home Forum Active Topics Photo Gallery Auto Loans Insurance Garage Mark Forums Read Auto Escrow

Mazda Forum This area is for discussion of Mazda vehicles

FordForums.com is the premier Ford Forum on the internet. Registered Users do not see the above ads.
LinkBack Thread Tools Display Modes
Old 07-31-2003, 08:55   #1 (permalink)
Registered User
Stacy94PGT's Avatar
Join Date: Feb 2001
Location: The Hills of North Georgia,USA
Posts: 7,859
Japan:Mazda Q1 revenue up 10% on brisk European sales

Automotive News
Reuters / July 31, 2003

TOKYO (Reuters) -- Mazda Motor Corp., the smallest of Japan's top five auto makers owned one-third by Ford Motor Co., said on Thursday its first-quarter revenue rose 10 percent from the year earlier thanks to brisk sales in Europe.

Revenues for the April-June quarter totalled 571.94 billion yen ($4.76 billion), as global unit sales grew 10 percent to 245,000 vehicles. The company did not provide other financial figures such as operating and net profits.

Mazda, in the midst of a five-year turnaround plan, is counting on new models such as the Mazda6/Atenza developed under an entirely new product and design strategy to put the company on a firm recovery track.

But its performance has been mixed so far. Demand for the Mazda6 has run far ahead of supply in Europe but sales got off to a slow start in North America.

During the quarter, Mazda's sales in Europe swelled 34 percent to 57,000 vehicles and they grew 2.9 percent in Japan. In contrast, sales in North America fell slightly to 77,000 units.

Mazda, which has a relatively big exposure in Europe, saw its share price surge 37 percent to 292 yen in the April-June quarter, powered by a strong euro and stellar sales in the region. The euro averaged 135 yen during the quarter, or 18 yen stronger than the year-earlier period.

Mazda announced quarterly revenue figure for the first time to meet new Japanese disclosure rules. Company officials have said it plans to bring the reporting period for overseas units in line with the parent's, to April-March from January-December, starting next year.

For the full business year to March 31, Mazda left unchanged its forecast of a 28 percent jump in group operating profit to 65 billion yen, a 24 percent rise in net profit to 30 billion yen and a 2.3 percent rise in sales to 2.42 trillion yen.
My first car was a 67 Mustang Coupe, 2nd one was a 67 Cougar XR-7, 3rd one was a 66 Mustang Coupe. Why did I get rid of these cars for ? I know why, because I'm stupid, stupid, stupid.

My next Ford.....
Stacy94PGT is offline   Reply With Quote
Sponsored Links

  Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars > Ford Cars and PAG Vehicles > Mazda Forum

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Similar Threads
Thread Thread Starter Forum Replies Last Post
Ford Motor Company Reports May U.S. Sales Stacy94PGT Ford Worldwide News 2 06-03-2003 20:24
Ford December U.s. Sales Climb 8.2% RPO83 Ford Worldwide News 1 01-03-2003 17:57
Holden leads race for record FPRXR-6 The Pub 8 11-11-2002 23:04
Ford Motor Company Reports September U.S. Sales Stacy94PGT Ford Worldwide News 1 10-02-2002 06:44
Ford Motor Company Sets August Record as U.S. Sales Climb 12.1% Stacy94PGT Ford Worldwide News 0 09-04-2002 16:56

Powered by vBadvanced CMPS v3.2.2

All times are GMT -7. The time now is 14:59.

Powered by vBulletin® Copyright ©2000 - 2015, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0
Garage Plus vBulletin Plugins by Drive Thru Online, Inc.