Download full report - Toyota Motor Europe
Download full report - Toyota Motor Europe
Download full report - Toyota Motor Europe
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Ludo Vandervelden<br />
Senior Vice-President,<br />
Accounting and Finance,<br />
Business Services, Legal,<br />
<strong>Toyota</strong> <strong>Motor</strong> <strong>Europe</strong><br />
Market Context<br />
In FY09, the automotive market continued to expand in<br />
China, India and other developing countries. In developed<br />
countries, despite government efforts to stimulate demand,<br />
overall market conditions were difficult.<br />
In FY09, our net revenues in <strong>Europe</strong> decreased by 22%<br />
from FY08 to €16,390 million as a result of both reduced<br />
sales and vehicle unit production.<br />
Consolidated Financial Results for <strong>Europe</strong> (in million Euro)<br />
Self Reliance<br />
with Focus<br />
on Core Models<br />
One of the reasons for this was a change in the market<br />
structure resulting from shifts in consumer demand to<br />
small family cars (C-segment) and for cars in the lowest<br />
price segments.<br />
However, our operating loss was €252 million in FY09<br />
compared to €995 million in FY08. This was mainly due to<br />
cost reduction efforts in all areas.<br />
fy05 fy06 fy07 fy08 fy09<br />
Net Revenues 19,764 23,615 24,651 20,925 16,390<br />
Operating Expenses 19,083 22,699 23,777 21,919 16,641<br />
Operating Income 681 916 874 (995) (252)<br />
Assets 17,908 19,448 19,294 16,143 15,733<br />
Source: TMC Annual Results - Segment Information<br />
<strong>Toyota</strong> <strong>Europe</strong>an Sustainability Report 2010 I Economic Performance<br />
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