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PROFITS PLUNGE AT SUZUKI

Despite growing global sales in the nine months of its current fiscal year to the end of December, profitability for Suzuki’s motorcycle business was scuppered by adverse foreign currency translation. BDN financial editor Roger Willis reports.

Retail sales volume for the period rose by 11.8% to 1.303 million motorcycles, scooters and ATVs. But revenue was just 0.7% up to £1.271bn. And operating profit plummeted by 91.6% to a mere £977,000.

All the good news came from Asia, where volume climbed by 16.8% to 1.07 million units and related revenue was 14.7% up to £671m. India was star of the show, with volume 34.3% higher at 472,000 and revenue rising by 20.1% to £284m. The Philippines and Indonesia also contributed significant improvements.

The developed world was a disappointment. European retail sales stagnated on 33,000 units and revenue fell by 17.2% to £185m. North American volume grew by 3.7% to 28,000 but revenue was 7.5% down at £147m.   

 

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