Nissan's Contribution Leads to Negative Impact on Renault's Q3 2024 Earnings

Nissan has announced its financial results for the second quarter of the fiscal year 2024/2025. The results are published according to Japanese accounting standards and cover the period from July 1 to September 30, 2024. After necessary IFRS restatements, Nissan's performance has resulted in a negative contribution of €111 million to Renault Group's net income for the third quarter of 2024.

Renault Group's current shareholding in Nissan stands at 35.71%. This includes a direct holding of 17.05% and 18.66% held in a French trust. These figures reflect the impact of Renault selling and Nissan canceling shares as part of a buyback initiative.