The revenue of AVTOVAZ has increased by 32% within the first half of 2018

The revenue of AVTOVAZ has increased by 32% within the first half of 2018

RusAutoNews.Com – As announced by the company press office, the consolidated revenue of AVTOVAZ has increased to 134,7 billion rubles in within the first half of 2018, which indicates a 31,5% year-on-year rise. The operating margin has amounted to 7,2 billion rubles.

AVTOVAZ has sold 169,884 LADA automobiles in Russia within the first half of 2018, which indicates a 21,1% year-on-year rise. The share of LADA in Russian automobile market (cars + LCVs) has increased by a percentage point to a record 20%.  The achievement is largely due to the growing sales of the models amongst the top-10 best-sold models: Vesta (#2), Granta (#3) and Largus (#8).

Car exports have also caused a positive effect on the financial status of AVTOVAZ. The company has exported 19,672 LADA cars, which indicates a 61% rise by the end of the first half of the year.

Company’s cost-cutting measures, the governmental programmes to support the local demand and export programmes for Russian automotive products have also helped to increase the revenue of AVTOVAZ.