The manufacturer puts this profitability down to stronger sales in Europe, China and Australia, favourable exchange rates and “continued cost reduction efforts”. Full year targets remain unchanged with operating profit expected to reach £350m and sales up six per cent on last year to £13.65bn. These results would mean a third consecutive year of profit and Mazda's best performance in a decade.
“We are seeing the product led growth we predicted and this will be accelerated further with the Mazda3. The road ahead, though, is not getting easier. We must stay focused and achieve our cost reduction and sales targets,” says Mazda president, Hisakazu Imaki. The manufacturer has also launched Mazda 3Year Plus in the UK, offering owners of three- to eight-year-old vehicles 12 months' MoT insurance for £10.