Suzuki has published i financial results for the first quarter of the financial year 2022 which coincides with the period between April and June of this year. For the Japanese company there was an increase in turnover and operating profit mainly linked to an improvement in the mix / sales price and an increase in volumes. Here are the main details of the results announced today by the Japanese company:
Suzuki publishes results for the first quarter of 2022
Suzuki’s financial results for the first quarter of 2022 confirm a increase in net sales, which grew by 1.7 billion yen (+ 25.8%) on an annual basis. It should be noted that the growth in turnover is closely linked to the increase in net foreign turnover which recorded an increase of 224 billion yen, equal to approximately 1.7 billion euros (+ 39%) on an annual basis, reaching up to 6.1 billion euros in total.
To report a increase in operating profit, which grew by 20 billion yen, equal to 153 million euros. The percentage growth on an annual basis is + 36.8%. The result of ordinary activities recorded a loss of 21.0 billion yen, equal to 161.5 million euros (-19.0%).
As for the Automobile division, Suzuki recorded positive results in terms of net sales, which increased by 181 billion yen, equal to approximately 1.4 billion euros (+ 23.9%). The operating result also grew, reaching 14.4 billion yen (equal to 110 million euros) with an annual increase of + 34.2%.