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Nissan, the Japanese automobile manufacturer, reported a significant drop in profits for the second quarter of its fiscal year. The decline was primarily due to higher costs for raw materials and components, coupled with weak sales in China. The company also cited a reduced emission-related expense in the United States as a contributing factor to the decline in operating profit.

Compared to the same period last year, Nissan's operating profit plummeted by 96 percent, amounting to 2.1 billion Yen (12 million Euros). Although the figures were lower than analysts' estimates, which ranged between 60 billion Yen, Nissan remains confident in its annual outlook for an operating profit of 200 billion Yen. The company attributes this resilience to the strength of the Japanese and North American automotive markets.

However, Nissan remains concerned about the challenging conditions in the Chinese market, where the passenger car sales are projected to drop to below 19 million for the first time since 2014. SFC Energy, a fuel cell manufacturer, managed to multiply its profit in the first nine months of the year, largely driven by a large order from Ukraine.

The company announced a significant increase in its revenue, up by approximately 29 percent to 133 million Euros, with the adjusted operating earnings (Ebitda) tripling and five times its previous level. The third quarter was the strongest in the company's history, with sales surpassing 50 million Euros, but the fourth quarter is expected to deliver a smaller contribution due to a product mix dominated by civilian applications and planned higher investments.

Podesser, Nissan's CEO, reiterated the company's revised profit forecast for the year, expecting adjusted EBITDA to range between 36 and 38 million Euros. The revenue forecast remains unchanged, between 166 and 175 million Euros.