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The report in focus

Automotive Industry In Russia. Results of 2019. Prospects

Automotive Industry In Russia. Results of 2019. Prospects

Exit date 02.06.2020

Format PDF, 55 стр.

Price 960 eur.

report contains information on automotive vehicle production in Russia, particularly passenger cars and commercial vehicles

02 june more info

Analytics

Russian dealers of Ford began sales of updated Mondeo

Ford Mondeo sedan has received a technological upgrade aimed at the safety improving of the car and improving of the intelligent driver assistance systems. People can order updated Ford Mondeo at all official Ford dealers in Russia.

05 julymore info

Infographics

Dynamics of the Russian car market in April of 2019

News

In 2018 AVTOVAZ can pay dividends for the first time for 10 years

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AVTOVAZ can get a net profit in 2018 and pay dividends, the general director of Rostek, Sergei Chemezov, said. He also confirmed the possibility that AVTOVAZ will reach a net profit in 2018. "I hope that AVTOVAZ will have a net profit already the next year, there are all chances." This year the figures were good, they managed to achieve operating profit, " - said the head of Rostek, cited by TASS. – “If the profit will be and shareholders will decide to distribute it as dividends, then, of course, it is possible to pay dividends of AVTOVAZ .And maybe this money will go to the development of the company".

As previously reported by "AUTOSTAT", by the results of nine months of 2017, AVTOVAZ Group increased its revenues under IFRS by 21.5% to 158.6 billion rubles. The ongoing process of optimizing costs and the effect of favorable exchange rates ensured the company's achievement of operating profit of 1.9 billion rubles. Net profit remained negative and it was -4.5 billion rubles. As noted, further improvement of the company's financial performance ensured the growth of the Russian automotive market, the continuing share of LADA in Russia and intensive recovery and restructuring activities.

At the same time, AVTOVAZ Group stresses the persistence of financial risks, which could adversely affect the financial results of the company in the fourth quarter of 2017. This is an increase in procurement prices for raw materials, changes in currency factors, possible write-downs, etc. To mitigate the impact of these risks, the company continues to implement the cost optimization plan.

Tags: avtovaz, russia
15.11.17 AA "AUTOSTAT"
Source: www.autostat