Nissan has experienced significant growth over the past year, and according to Nissan President and CEO Carlos Ghosn, that growth is expected to continue. The company is forecasting global sales for fiscal year 2011 to be 4.6 million units, an increase of 9.9 percent compared to the previous year. Nissan also expects unrestricted production in October, as parts suppliers fully recover from the earthquake that struck Japan on March 11.
“Continuous growth in 2011 will bring Nissan a new record volume,” said Nissan President and CEO Carlos Ghosn. “The unrelenting work ethic of Nissan employees is an inspiration – particularly after one of the worst natural disasters in modern history. The high level of motivation and performance of our Nissan team continues to be the foundation of our success.”
Nissan filed the following forecasts with the Tokyo Stock Exchange, further exemplifying the company's optimistic outlook:
- Net revenues of 9.4 trillion yen (US 7.5 billion);
- Operating profit of 460 billion yen (US .75 billion);
- Ordinary profit of 441 billion yen (US .51 billion);
- Net income of 270 billion yen (US .38 billion);
- Capital expenditures of 410 billion yen (US .13 billion); and
- R&D expenses of 460 billion yen (US .75 billion,)
Ghosn said in an interview following the forecast announcement, “So, 2011 could have been a major year for progress and development of Nissan — we had to downgrade it a little bit because of from one side the earthquake, from the other side the very strong yen, but it’s still going to be year of growth — I would say significant growth of 10 percent more in volume for the year.”
Share
No comments:
Post a Comment