Mazda’s Global Sales Continue To Grow
By Kyle Lindsay
Thursday, November 2, 2017 - 16:20
Mazda Motor Corporation has set another record in the first half of the 2017-18 fiscal year with global sales of 783,000 vehicles.
That represents a slight increase compared to the previous year and is the third consecutive best-ever result in a row. Strong demand around the world for the new-generation Mazda CX-5, a compact SUV rolled out over the course of the year, underpinned Mazda’s turnover.
The company achieved the strongest growth in China, where sales were up 12% year-on-year between 1 April and 30 September to 149,000 units – also a first-half record – followed by Japan, which recorded a 4% rise to 96,000 vehicles. In Europe, Mazda sold 119,000 vehicles. Global revenue during the period swelled by 7% to ¥1.66 trillion (€13.1 billion), while net income increased 13% to ¥63.3 billion (€502 million). The operating profit came in at ¥76.5 billion (€607 million).
Beyond the CX-5, Mazda has recently revealed a number of highlights to help secure future growth. These include the SKYACTIV-X, which is destined to be the world’s first commercially available petrol engine with compression ignition. Meanwhile, the Mazda KAI CONCEPT and Mazda VISION COUPE currently on display at the Tokyo Motor Show point the direction for next-generation vehicle designs.
Looking ahead, the carmaker confirmed its forecast for the fiscal year ending on 31 March 2018, updating its exchange rate assumptions to reflect a more favourable market. Mazda pegs full-year net income at ¥100 billion (€787 million) with an operating profit of ¥150 billion (€1.18 billion) on revenue of ¥3.35 trillion (€26.4 billion) – in all cases more than the previous year. The company expects to sell 1.6 million vehicles worldwide, aiming for a third-straight record year bolstered by the popularity of its CX-series SUVs. It plans a second-half dividend of ¥20 per share, bringing the fiscal year total to ¥35.