Nissan contributes € 478 million for first quarter 2018 to Renault's earnings

14.05.2018: Nissan released today its results for the fourth quarter of fiscal year 2017/2018 (April 1, 2017 to March 31, 2018).

Nissan released today its results for the fourth quarter of fiscal year 2017/2018 (April 1, 2017 to March 31, 2018).
 



Nissan’s results, published in JGAAP, for the fourth quarter of fiscal year 2017/2018 (January 1 to March 31, 2018), after restatements(1), will have a positive contribution to Renault’s first quarter 2018 net income estimated at € 478 million(2).

 


(1)The restatements don’t include the potential impact of the application of IFRS 15 - Revenue from contracts with Customers and IFRS 9 - Financial Instruments from January 1st, 2018 onwards as it is not yet finalized and validated. Figures including the application of these two new standards will be presented in Renault Group’s half-year consolidated financial statements at June 30, 2018.



(2)Based on an average exchange rate of 133.1 yen/euro for the period under revie
w.
 


 Rié YAMANE -

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14.05.2018 / MaP

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