Mazda forecasts continued global sales recovery

The Mazda Motor Corporation today announced its first quarter financial and sales results, reporting global sales of 233,000 vehicles during the period 1 April to 30 June 2022.

Despite the temporary fall in retail and wholesale volume due to vehicle supply shortages, demand remained strong and a return to normal production is expected from the second quarter and for the full fiscal year Mazda forecasts global sales of 1.3 million vehicles, an 8% increase when compared to the previous fiscal year.

For the first quarter of the fiscal year, Mazda reported net sales of ¥617.2 billion (€4.4 billion*) and an operating loss of ¥19.5 billion (€141.3 million*). Net income was  ¥15.0 billion (€108.6 million).

In Europe, first quarter sales were down 45% year on year to 30,000 vehicles and Mazda’s North America volumes were down 42% to 79,000 units. In Mazda’s home market, Japan, 25,000 units were sold (-10%). China, Mazda’s biggest market in Asia, registered sales of 24,000 units  (-50%).

The All-New Mazda CX-60 PHEV will be introduced in most European markets in September 2022. Pre-sales of the new flagship are exceeding all targets with 11,600 units ordered in Europe and 6,400 in Japan.

Closely monitoring the business environment on an ongoing basis, Mazda also forecasts a 22% growth from previous fiscal year on net sales of ¥3,800 billion (€28.5 billion*), an operating profit of ¥120 billion (€902.2 million*) and a net income of ¥80 billion (€601.5 million*) for this fiscal year.

*Source: presentation20220809_e.pdf ( Euro figures for the first quarter were calculated at €1 = ¥138 and for the full fiscal year at €1 = ¥133

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