Mazda ends fiscal year with record sales and profits

Mazda ends fiscal year with record sales and profits

Mazda broke two significant records during the 2015-2016 fiscal year. The Japanese carmaker posted a ¥227 billion (€1.71 billion) operating profit, a 12% year-on-year increase and its third-consecutive record year, while achieving better-than-expected vehicle sales of 1,534,000 units, up 10%. Both figures were the best in Mazda’s 96-year history.

Revenue for the 12-month period that ended on 31 March came in at ¥3.41 trillion (€25.61 billion), also 12% more than the previous year, while net income was ¥134.4 billion (€1.01 billion), down 15% due to one-off charges.

Unit sales grew in all regions. Europe recorded a substantial 27% increase for the fiscal year to 232,000 vehicles, outpacing overall market demand on the strength of popular models like the CX-3, a B-SUV, and Mazda2 supermini. Mazda hiked sales in China, meanwhile, by 10% over the previous fiscal year, growing by 3% in Japan and North America, 15% in Australia, and 32% in ASEAN countries. New records were set in a number of markets, from Chile to New Zealand.

The carmaker predicts a further increase in global sales to 1,550,000 vehicles during the current 2016-2017 fiscal year, with the compact Mazda3 again leading the way among its models in terms of global demand. Europe is expected to contribute 239,000 units.

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