Mitsubishi 2013 Annual Report Download - page 21

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Performance in  scal 2012
Looking at operations in Europe, we introduced the Outlander in Russia, where
overall demand grew 7% during the year, pushing up sales volume in that coun-
try 8,000 units, or 11%, to 80,000 units. Conversely, in Western Europe, where
overall demand continues to fall, sales volume dropped 31,000 units, or 20%, to
78,000—a signi cant decline compared with  scal 2011. As a result, sales volume
for Europe as a whole came to 181,000 units, a year-on-year drop of 37,000
units, or 17%.
Net sales declined ¥74.1 billion, to ¥400.7 billion. The operating loss amount-
ed to ¥7.0 billion, marking a year-on-year improvement of ¥8.6 billion.
Outlook for  scal 2013
In  scal 2013, we intend to boost sales in Europe through the introduction of
the Space Star (Mirage), Outlander and Outlander PHEV. In addition, we expect
to reinforce operations, with measures centered on the commencement of local
production in Russia of the Outlander and Pajero Sport.
We forecast an increase in sales volume of 31,000 units, or 17%, from  s-
cal 2012, to 212,000 units. We also expect net sales to grow ¥109.3 billion from
scal 2012 levels, to ¥510.0 billion. Owing to the positive reversal of the exchange
rate situation, the growth in sales volume and the elimination of losses due to the
sale of NedCar, in  scal 2013 we expect to record operating income of ¥20.0 bil-
lion, compared with an operating loss of ¥7.0 billion in  scal 2012.
0
150
300
450
600
Net Sales
2013
(Forecast)
2012201120102009
(FY)
(Billions of yen)
269.2
490.0 474.8
400.7
510.0
-30
-15
0
15
30
Operating Income (Loss)
2013
(Forecast)
2012201120102009
(FY)
(Billions of yen)
0.8
-26.4
-15.6
20.0
-7.0
0
100
200
300
Sales Volume (Retail)
(Thousands of units)
(FY)
2013
(Target)
20122010 2011
218 218
181
212
Mirage
Pajero Sport
As well as by introducing the Space Star (Mirage), Outlander and Outlander
PHEV, we aim to increase sales volume by adding models produced locally
in Russia.
Hiroshi Harunari
Executive Vice President (Representative Director), Head Of cer of the Headquarters, Overseas Operations Group Headquar-
ters A, In Charge of Overseas Operations Group Headquarters B, In Charge of Global After Sales Group Headquarters
Europe
MITSUBISHI MOTORS CORPORATION
Annual Report 2013 19