HomeAutoNio to report Q2 earnings on Aug 29 Receive US

Nio to report Q2 earnings on Aug 29 Receive US

Deutsche Financial institution expects Nio to report income of 9.1 billion yuan within the second quarter, consistent with present consensus estimates.

Nio introduced as we speak that it’s going to report its unaudited monetary outcomes for the second quarter on Tuesday, August 29, earlier than the US markets open.

Already launched figures present that the corporate delivered 23,520 autos within the second quarter, a lower of 6.14 % year-on-year and down 24.23 % from the primary quarter.

Deliveries within the quarter had been barely above the decrease finish of Nio’s beforehand supplied steerage vary of 23,000 to 25,000 autos.

The corporate had beforehand guided second-quarter income to be between RMB 8.742 billion ($1.27 billion) and RMB 9.37 billion, a lower of about 15.1 % to 9.0 % from the identical quarter in 2022.

In a analysis observe despatched to traders on August 11, Deutsche Financial institution analyst Edison Yu’s workforce mentioned they count on Nio to report income of RMB 9.1 billion within the second quarter, consistent with consensus estimates.

Nio’s gross margins will stay beneath strain as its gross sales fell within the second quarter, however the firm’s stronger execution is beginning to present, the workforce mentioned.

Nio’s gross margin is more likely to be round 2 % to three % within the second quarter, the workforce mentioned, including that they count on the corporate’s automobile margin could present small enchancment.

Nio administration will maintain an earnings name on August 29 at 8:00 am US Japanese time (8:00 pm Beijing time).

For attendees who want to be part of the convention utilizing a dial-in quantity, they’ll register upfront utilizing the hyperlink supplied beneath and dial in 10 minutes previous to the decision.

A replay of the convention name might be out there by September 5 on the following numbers:

United States: +1-855-883-1031

Hong Kong, China: +852-800-930-639

Chinese language mainland: +86-400-1209-216

Singapore: +65-800-1013-223

Worldwide: +61-7-3107-6325

Replay PIN: 10033043

Nio Q2 earnings preview: Gross margin to stay beneath strain, however stronger execution begins to indicate

#Nio #report #earnings #Aug

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