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...

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Analytics

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

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

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Infographics

Dynamics of prices for cars in Russia

News

The share of the joint venture Renault-Nissan and Rostec in AvtoVAZ grew up to 83.5%

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The Dutch Alliance Rostec Auto B.V. (a joint venture of the Renault-Nissan alliance and Rostec) as a result of the additional share issue of AVTOVAZ increased its stake in the Russian company up to 83.53%. This is stated in the materials of the company. As reported the newspaper Vedomosti, Alliance Rostec Auto B.V. became the owner of slightly more than 9.3 million shares of AVTOVAZ. Almost 6 million ordinary shares with a nominal value of 5 rubles were placed by private subscription. Before the additional issue Alliance Rostec Auto B.V. owned about 3.3 billion shares (64.6% in the capital of AVTOVAZ).

In April, the general director of Rostec, Sergei Chemezov, said that AVTOVAZ shareholders are going to complete the recapitalization of the company in October of 2018. By this time Alliance Rostec Auto B.V. will receive 83.5% of the shares of the Russian concern. According to him, the total cost of recapitalization exceeded 107 billion rubles. "The measures taken together with the French partners are designed to help to renew AVTOVAZ," said Sergei Chemezov earlier.

As previously reported "AUTOSTAT", by the results of the first quarter of 2018 the group "AVTOVAZ" received consolidated revenues of 64.8 billion rubles, which is more by 40.8% than in January-March of the last year. The operating margin was +1.8 billion rubles, compared to -0.9 billion rubles for the same period in 2017. Net result was +0.6 billion rubles, which is better by 3.4 billion rubles than the index of the first quarter of last year. Thus, during the reporting period the company increased the consolidated revenue and operating margin. AVTOVAZ improved the balance structure.

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