| PRESS RELEASE
October 11, 2022 |
Nissan announces exit from Russian market
Boulogne-Billancourt, October 11, 2022 –
Nissan introduced at this time its intention to promote its Russian operations.
Nissan’s adjustment, printed in Japanese accounting requirements and booked for the 2022/2023 fiscal 12 months, can have a detrimental contribution to Renault Group’s web revenue estimated at €331 million(1) for the twond half 2022 (earlier than IFRS changes).
This transaction won’t influence Renault Group’s working margin, free cash-flow and monetary outlook.
(1) primarily based on a mean alternate fee of 141.74 yen/euro for September
About Renault Group
Renault Group is on the forefront of a mobility that’s reinventing itself. Strengthened by its alliance with Nissan and Mitsubishi Motors, and its distinctive experience in electrification, Renault Group includes 4 complementary manufacturers – Renault, Dacia, Alpine and Mobilize – providing sustainable and modern mobility options to its clients. Established in additional than 130 nations, the Group has bought 2.7 million automobiles in 2021. It employs practically 111,000 individuals who embody its Purpose daily, in order that mobility brings folks nearer. Ready to pursue challenges each on the highway and in competitors, Renault Group is dedicated to an formidable transformation that can generate worth. This is centred on the event of latest applied sciences and companies, and a brand new vary of much more aggressive, balanced and electrified automobiles. In line with environmental challenges, the Group’s ambition is to attain carbon neutrality in Europe by 2040. https://www.renaultgroup.com/en/
