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Performance in  scal 2014
In Europe, sales volume increased 25,000 units, or 13%, to 227,000 units.
Although sales volume was down in Russia as a result of a substantial economic
downturn, in Western Europe we enjoyed favorable sales of the Outlander PHEV,
bene ting from high levels of environmental awareness and expanded govern-
ment subsidy schemes.
Net sales for the region amounted to ¥514.4 billion, up ¥30.1 billion. Operat-
ing income rose ¥1.9 billion, to ¥39.1 billion.
Outlook for  scal 2015
We expect sales in Russia to remain depressed in  scal 2015, due to the
country’s economic slump. In Western Europe, however, we expect the intro-
duction of the new Triton to boost results. For Europe as a whole, we forecast
a sales volume of 191,000 units, down 36,000 units, or 16%, from the  scal
2014 level. We expect net sales to fall ¥54.4 billion, to ¥460.0 billion, and
operating income to drop ¥22.1 billion, to ¥17.0 billion.
2015
(Forecast)
2014201320122011
(FY)
(Billions of yen)
Net Sales
0
150
300
450
600
474.8
400.7
484.3 514.4
460.0
-25
0
25
50
Operating Income (Loss)
2015
(Forecast)
2014201320122011
(FY)
(Billions of yen)
-15.6
-7.0
37.2
17.0
39.1
Western Europe & others
Russia & others
Sales Volume (Retail)
(Thousands of units)
2015
(Target)
2014201320122011
(FY)
0
50
100
150
200
250 218
83
135
181
88
93
202
91
111
227
73
154
191
31
160
ASX
New Triton
New Outlander PHEV
Conditions are likely to remain problematic in Russia, but in Western
Europe we anticipate an increase in sales volume thanks to the launch of
the new Triton.
Europe
MITSUBISHI MOTORS CORPORATION
Annual Report 2015 23