Sollers has made a net profit of 3.1 billion rubles in 2015

Sollers has made a net profit of 3.1 billion rubles in 2015

Autostat – Sollers Group has generated a revenue of 38.3 billion rubles in 2015, down from the 47.9 billion rubles in 2014. The EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) has also fallen to 4.0 billion rubles, from 4.3 billion rubles in 2014. The EBITDA margin has amounted to 10.5% by the end of 2015 (9% in 2014), as stated by Sollers press office. The company has made an operating profit of 3.0 billion rubles during the aforementioned period and the net profit of the Group has risen to 3.1 billion rubles by the end of 2015.

“2015 figures have reflected, above all, the high stability and rising competitivity of UAZ, which currently has investment priority for Sollers company. Since the launch of the new products of Ford Sollers joint venture in 2015, we have been observing a steady rise in sales and a substantial increase in the market share of Ford brand”, told the first deputy general director of Sollers: Nikolai Sobolev.