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4-Traders Homepage  >  Equities  >  Tokyo  >  Toyota Motor Corp    7203   JP3633400001

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Toyota Motor : Achieves Strong First-half Sales Growth

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07/24/2016 | 06:08am CEST

Toyota Motor Europe has reported sales for the first half of 2016 of 476,000 Toyota and Lexus vehicles, an increase of 5.6 per cent from the first half 2015.

Total market share for the group stood at 4.6%.

TME’s sales in the EU+EFTA region grew by 7.5% year-on-year. Sales in the rest of TME’s Europe region (including Russia, Kazakhstan, Ukraine, Caucasus, Turkey and Israel) were stable versus a market down by 8%. This resulted in an increase in share of 0.6 percentage points at 8% in the area.

The strong sales momentum in the first quarter of the year was maintained in the second quarter with sales growth in Europe driven by another significant increase in Toyota and Lexus hybrid vehicle sales, up 44% from the first half 2015, at 145,160. Hybrid sales represented 31% of all sales of TME in the first half of the year, compared to 24% for the full calendar year 2015. TME is targeting to achieve another hybrid sales record with 280,000 units in CY2016 and has a mid-term plan to achieve 50% hybrid sales by 2020.

The second contributor to the strong sales performance was Lexus premium vehicles. There was substantial sales growth in all parts of the region. In Russia, Lexus sales increased by 17% in a premium market down by 6%.

According to Karl Schlicht, Executive Vice President, Toyota Motor Europe, “If it’s a hybrid, it’s moving, and moving fast – sometimes faster than we can supply, which has put a limit on our sales progression in Western Europe in the first half of the year. Hybrid supply should improve in the second half. Together with the very strong sales we are posting in Russia, where we achieved N°1 position for the locally produced Camry and the RAV4, and the acceleration of the Lexus brand both in the West and the East, we are confident to exceed 900,000 sales for the first time in 7 years.”

Matt Harrison, Vice President, Sales&Marketing, Toyota said, “Plus forty-four percent hybrid sales versus last year is a great achievement. I am thrilled to see that 31% of our sales are now hybrids. Yaris Hybrid and Auris Hybrid continue to perform well. And the initial sales of the RAV4 hybrid and the new Prius that have just been launched are beyond expectations. With this continued hybrid momentum and the launch of the new PROACE van range and the new Hilux pickup coming soon, we are confident of an equally strong second half of the year.”

Alain Uyttenhoven, Vice President, Lexus said, “Over the last couple of years, Lexus has completely renewed its line-up, and expanded its range with new models such as the NX and the RC. We also remain by far the leading manufacturer of luxury hybrid vehicles, globally and in Europe. This provides a solid foundation for continued growth in the future.”

(c) 2016 THISDAY NEWSPAPERS LTD. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( JPY)
Sales 2017 27 014 891 M
EBIT 2017 -
Net income 2017 1 635 716 M
Debt 2017 8 175 839 M
Yield 2017 3,44%
P/E ratio 2017 10,82
P/E ratio 2018 9,84
EV / Sales 2017 1,02x
EV / Sales 2018 0,99x
Capitalization 19 487 229 M
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Number of Analysts 26
Average target price 6 254  JPY
Spread / Average Target 7,1%
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Akio Toyoda President & Representative Director
Takeshi Uchiyamada Chairman
Kiyotaka Ise General Manager-Technology & Development
Shigeki Tomoyama General Manager-Information Technology Division
Shigeki Terashi Representative Director, VP & Secretary
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TOYOTA MOTOR CORP-21.11%183 453
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