The revenue of Sollers has grown by 10% in 2018

The revenue of Sollers has grown by 10% in 2018


 

RusAutoNewsCom.- According to the company press office, the annual revenue of Sollers has amounted to 39.5 billion rubles in 2018, indicating a 10.4% year-on-year rise.

On the other hand, the net profit of the company has amounted to 46 million rubles in 2018, following a 21.7 times shrinkage in comparison with the 2017 figure.

The EBITDA margin of Sollers has fallen by 8.2 percentage points to 1.2%. The net debt of the company amounts to 3.7 billion rubles as of 31 December, which is equivalent to a 50.3% decrease.

According to Nikolai Sobolev, Deputy General Manager of Sollers, the company strives to take a leading position in the LCV segment in Russia, with UAZ commercial vehicles, combined with the Ford Transit.

Sollers owns UAZ brand and also makes the assembly of Ssang Yong, Mazda, Aurus and Ford automobiles.