Deficit of approximately 900 billion yen in the first half of Renault Impact of worsening performance of Corona and Nissan July 30 19:03
French car maker Renault will have a deficit of about 900 billion yen in Japanese yen for the final profit and loss in the first half due to the drop in sales due to the spread of new coronavirus infection and the deterioration of business performance of Nissan Motor Co., Ltd. It was.
Renault announced the financial results for the first half of the year from January to last month on the 30th.
As a result, sales remained at €18,425 million, down 34.3% from the same period of the previous year. In addition, the final profit and loss turned into a deficit, and the deficit amount reached a record high of 7,292 million euros, and the Japanese yen reached about 900 billion yen.
In addition to the spread of the new coronavirus, the number of vehicles sold worldwide in the first half of the year was 1257,000 units, down 34.9% from the same period of the previous year, and Renault has become a major shareholder. This was because Nissan's business performance was significantly deteriorated.
Demeo CEO, who was appointed this month, said in a conference call over the phone that "the environment is tough, but we will continue to shift from the pursuit of scale to the pursuit of quality," and rushed to reduce costs and improve management efficiency. I emphasized the idea of rebuilding business performance.
However, given the concern that the re-infection of viruses will affect economic activity, it is unclear how much sales will recover in the second half of the year and the business environment is likely to remain severe.