Mazda reports profit for first quarter 2013 thanks to the Mazda CX-5 & Mazda6

 Mazda3 at 2012 Sepang 1000km Mazda Motor Corporation posted a profit for the 2013 fiscal year (FY) ending on 31 March, bolstered by the success of the Mazda CX-5, introduced in early 2012, and the new Mazda6 launched later in the fiscal year.

Global revenue and profits exceeded the previous year’s figures in all categories, as revenue increased 8.5 per cent to 2.21 trillion Yen or 18.4 billion Euros and operating profit rose to 449 million Euros, a 772 million Euros improvement. The company’s net profit was 286 million Euros, up from a loss of 898 million Euros in FY 2012.

Overall sales volume was virtually unchanged at 1.24 million units, although the CX-5 significantly exceeded expectations with 200,000 sold worldwide. As a result, Mazda has stepped up annual production capacity of its compact SUV, the first model to feature the full range of SKYACTIV Technology and “KODO – Soul of Motion” design, to 240,000. Sales of the new Mazda6, the second SKYACTIV model, have also been very encouraging where it has been launched. And the acclaimed SKYACTIV-D engine has proven especially popular among buyers of these two models, with some 70 per cent choosing one of Mazda’s clean diesels.

The company’s European market share was flat as sales fell, mirroring the continuing weakness of the overall market. However, Mazda saw substantial improvement in the second half of the year, increasing own sales in Europe by 4.7 per cent relative to the first half while outpacing the market and upping its share by one-tenth to 1.1 per cent. The trend picked up steam in the latest quarter, when Mazda’s European sales hit 39,804 vehicles, up more than 50 per cent over the previous quarter and 1.7 per cent compared to the same quarter in the year before. And it did so at a time in which Europe’s passenger car market contracted by almost 10 per cent. Supported by the easing of CX-5 supply constraints and successful launch of the new Mazda6 in February, Mazda lifted its European market share to 1.3 per cent during the January-March period.

The company expects the positive trend to continue in FY 2014, with 12 per cent global revenue growth and a doubling of profits from the current figure. Unit sales are also predicted to rise by 8 per cent worldwide to 1.34 million and 17 per cent in Europe (including Russia) to 200,000, primarily due to the growing popularity of the two available SKYACTIV models and the introduction of a third. Mazda forecasts global sales of 1.7 million in FY 2016.

Source: Mazda Europe

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