Tokyo, Nov 4 (EFE) .- The vehicle manufacturer Toyota Motor earned 1.52 trillion yen (11,515 million euros) in the semester from April to September, 142.2% more than in the same period last year , thanks to the increase in demand and prices.
The company posted a gross operating profit (EBITDA) of 2.14 trillion yen (16,195 million euros), an increase of 194.2% year-on-year, and posted an operating profit of 1.75 trillion yen ( 13.2 billion euros), 236.1% more, according to its financial report published this Thursday.
The automotive giant’s sales turnover increased by 36.1%, to 15.48 trillion yen (116,940 million euros), in the aforementioned period, the first half of its fiscal year.
Toyota once again attributed the good evolution of its recovery to the work of its suppliers and dealers, who have made “great efforts to make their inventories more flexible” and “capture sales opportunities,” explained the company’s CFO, Kenta Kon, in the presentation of the report.
The world’s largest vehicle manufacturer sold 5,265,000 units (including those of its Hino and Daihatsu brands) in those six months, up 20.6% year-on-year, and expects to place 10.29 million by the end of the year, which will close on the 31st. March 2022, which would be 3.7% more.
“Sales of new cars are still under pressure, but those of second-hand vehicles are at higher levels”, a trend that has favored the increase in the prices of these units and contributed positively to Toyota’s accounts despite the decrease in production, Kon explained.
The Japanese manufacturer has repeatedly cut its global production so far this year and pointed out that the unpredictability about the supply and the cost of raw materials continue to be, along with the covid-19, risk factors that it takes into account, but in view of its good results, it revised its annual forecasts upwards.
Toyota expects to post a net profit of 2.49 trillion yen (18.82 billion euros) at year-end, 8.3% more than its July estimate and 10.9% more year-on-year.
It also foresees an EBITDA of 3.44 trillion yen (25,990 million euros), 17.3% more; and an operating profit of 2.8 trillion yen (21,160 million euros), 27.4% more.
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