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In Nissan have announced falling sales in Europe and Russia by 20%

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the Japanese automaker was forced to reduce by 40% the forecast is expected in 2019-2020 financial year profit due to weak demand and scandals around the company.

In Nissan have announced falling sales in Europe and Russia by 20%

Japanese automaker Nissan Motor has lowered the forecast of profit and sales in the 2019-2020 financial year due to weak demand in the domestic market, as well as in the United States and Europe, as well as the scandals around the company.

In the first six months of the 2018-2019 fingado, Nissan cut its net profit by 73.5% - to 65.4 billion yen compared with 246,3 billion yen over the same period last year (APPG), according to a press release from the company. Revenue declined by 9.6% and amounted to 5,003 trillion yen against 5,533 trillion yen in the same period last year.

For the six months, the company sold 2,501 million cars, that on 6,8% below the figure for the same period a year earlier. Including in Japan, the implementation of the machines fell by 1.3% to 281 thousand in China - 12.8%, to 718 thousand in the US by 4.3% to 679 thousand sales of Nissan in Europe, including Russia, fell by 19.7% to 265 thousand. In other markets, the decline was 11.4%.

the automaker Now expects to receive for the fiscal year ending March 31, 2020, net profit of about 110 billion yen versus the previously expected 170 billion yen. The forecast for operating profit was downgraded to 150 from 230 billion yen to revenue - from 11.3 to 10.6 trillion yen.

At the end of the 2017-2018 fiscal year, Nissan reported net profit of 319,138 billion yen, operating profit - 318,224 billion yen and revenue - 11,574 trillion yen.

in addition, the company announced Tuesday that no decision has been taken on payment of dividends for the year. In may, the automaker introduced a plan under which a dividend was to be 40 yen per share.

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