The Japanese giant managed to remain profitable in the second quarter. He is revising his forecasts upwards.
–Toyota, the global automotive giant, in turn joined the very closed club of manufacturers who posted even modest profits at the height of the pandemic and the “blackout” in the second quarter of the year, the first of his staggered exercise. It came as a surprise, when analysts expected a heavy operating loss.
Toyota posted a net profit of 158.8 billion yen (nearly 1.3 billion euros) between April and June, down 74% year on year, and an operating profit of 13.9 billion yen ( 111 million euros), down 98% compared to last year.
Toyota executives maintained their targets of operating profit of 500 billion yen for the full year and sales of 24 trillion yen (191.4 billion euros), this which represents a decrease of 20% “only” compared to the previous year. The 8% margin in 2019-2020 is not expected to exceed 2% in 2020-2021.
Toyota revised at the
