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


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


What brands have the youngest parc in Russia?
  • 20.06.19 What brands have the youngest parc in Russia?

    According to the analytic agency AUTOSTAT, at the beginning of this year there were more than 43 million cars in Russia. At the same time, about 40% of them are not older than 10 years, which, in quantitative terms, slightly exceeds 17 million units.



AvtoVAZ received 3.1 billion rubles of the net profit under IFRS in the first half of the year


By the results of the first half of 2018 AVTOVAZ received a net profit under IFRS in amount of 3.1 billion rubles against a loss of 4.41 billion rubles a year before, in accordance with the company's financial statements. AVTOVAZ's revenue in the reporting period grew by 31.5% up to 134.75 billion rubles, the operating profit was 7.63 billion rubles against a loss of 194 million rubles a year before, pre-tax profit - 4.13 billion rubles against a loss of 4.24 billion in the first half of 2017.

AVTOVAZ President, Yves Karakatzanis, noted that with the support of the shareholders - Groupe Renault and Rostech - AVTOVAZ will continue to work hard to implement ambitious medium-term plan. "We leave the forecast for market growth in 2018 at the level of 10-12%, but we emphasize a number of potential risks that may influence the development of the Russian automotive market in the second half of the year. It is the reduction in measures of effective state support, possible negative fluctuations in the foreign exchange market and the market of raw materials. As a result of all of 2018, we expect the retaining of the positive operating margins," – noted Mr. Karakatzanis.

According to him, the financial results demonstrated the right direction of the development strategy of the company and LADA brand in the first half of 2018. Thus, AvtoVAZ took advantage of growth in the Russian automotive market, by achieving a record market share for the LADA brand for 6 months - 20%, sales growth in export markets and improving macroeconomic indicators. These factors ensured the Group's consolidated revenue increase by 31.5%, as well as positive operating margin and net result.

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