Nissan ‘Contributes’ -€73 million to Q1 2021 Renault Earnings

Today Nissan released its results for the fourth quarter of fiscal year 2020/2021 (April 1st, 2020 to March 31st, 2021). Nissan’s results, published in Japanese accounting standards, for the fourth quarter of fiscal year 2020/2021 (January 1st to March 31st, 2021), after IFRS restatements, will have a negative contribution to Renault’s first quarter 2021 net income estimated at – €73 million based on an average exchange rate of 127.7 yen/euro for the period under review. See Groupe Renault Posts Flat Results for Q1 2021, Nissan Reports Weak Q4, Full Year 2020 Financial Results.

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