Suzuki reports a -53.1% drop in corporate consolidated net sales revenue (to 425.2bn yen) for the first quarter of its new financial year (the period from April to June 2020). Operating income was -97.9% and net income -95.6%.
In its global motorcycle business, net sales decreased by 46.8% (30.7bn yen to 34.9bn yen) with an operating loss of 3.0bn yen.
The company says it produced 189,000 powersports vehicles in total in its first quarter (3,000 of them were ATVs), which was -56% down, with no production recorded at all for the United States, 6,000 units in Japan and 170,000 in Asia.
In sales terms, Suzuki is reporting 261,000 units sold worldwide in the first quarter in total (-39.8%), 8,000 of them were ATVs; with 10,000 units sold in Europe (-32.8% year on year, down from 15,000 units for the year-ago quarter), no sales in North America, 13,000 units sold in Japan (-10.1%) and 170,000 units sold in Asia (-56.7%).
Suzuki's motorcycle business in Europe in the first quarter is reported as having been worth 7.2bn yen in consolidated net sales (down from 11.9bn yen for the year ago quarter).
