Mitsubishi’s European operations ended a three-year profit drought because of foreign exchange windfalls, demand for its Outlander plug-in hybrid and the closure of its Dutch plant.

Mitsubishi Europe reported an operating profit of 37 billion yen (€261 million) in the fiscal year ended March 31 compared with a 7 billion yen loss in fiscal 2012, making Europe the company’s second most profitable global region after Asia.