The report in focus

Structure and forecast of commercial vehicle parc in Russia

Structure and forecast of commercial vehicle parc in Russia

Exit date 16.05.2018

Format PDF

Price 865 eur.

We introduce the annual marketing report “Structure and forecast of commercial vehic...

16 may more info

Analytics

Year 2017 ends with 11,9% car sales market increase

In 2017 new car and LCV sales increased by 11, 9%.

13 marchmore info

Infographics

Leaders of the Russian car market in 2016

News

"GAZ Group" increased profits more than 3 times in 2017

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"GAZ Group" summed up the results for 2017 in accordance with the International Financial Reporting Standards (IFRS). Last year, the company earned 3.5 billion rubles of profit, which is more than 3 times higher than in 2016 (1.1 billion rubles). The profit growth is provided due to the increase in sales of new products that relate to the higher price segment in comparison with the classic model range, reports the press service of the GAZ Group.

Also, the financial results were positively affected by the effect of cost reduction, which the company continues to lead in conditions of negative macroeconomic factors. In 2017, GAZ Group retained its leadership position in the Russian commercial vehicle market and expanded its sales geography. During the reporting period, the company's revenue grew by 10% compared to the same period of 2016, amounting 164.6 billion rubles.

In the reporting period, GAZ Group increased its EBITDA by 8%, which amounted to 14.6 billion rubles with a profitability of 8.9%. The revenue per employee grew by 7% and it reached 317 thousand rubles per month. The economic effect of the cost-cutting program was about 4 billion rubles. The loan portfolio was reduced by 4.8 billion rubles.

07.05.18 AA "AUTOSTAT"
Source: www.autostat.ru