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Nissan resists the crisis: net profit higher than expected, revised targets

The strength of the yen paralyzes Japanese exports, but Nissan records good earnings thanks to the increase in sales in Europe, the USA and China.

Nissan resists the crisis: net profit higher than expected, revised targets

Nissan manages to stem the effects of the export crisis that is affecting Japan. The group closed the July-September quarter with a net profit of 911 million euros. The drop compared to the same period last year was very slight, while the result exceeded analysts' forecasts by about 40%.

Sales are up by 0,8%. In the markets of Europe, the USA and China, the increase is double-digit: +11%. For the full year, the company expects a net profit of 2,7 billion euros, an estimate revised upwards after the good results of the summer months. The automotive company is owned for over 40% by the French Renault, which is affected by the good results of the Japanese partner, recording good results on the European lists.

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