AVTOVAZ brought Renault 204 million Euros in 2018

The consolidated financial results of Renault Group for 2018 indicate that AvtoVAZ’s contribution to the French shareholder’s operating margin was 204 million Euros, which shows a significant increase compared with 55 million Euros in 2017. As noted, the results prove the success in the implementation of the new stage of recovery of the Russian company, which is based on the growing popularity of LADA models of the new generation in the growing Russian market, as well as efforts to optimize costs. In addition, the positive results of 2018 were influenced by one-time effects, the press service of AvtoVAZ reported.

As AUTOSTAT reported earlier, by the end of 2018, AVTOVAZ sold 360,204 LADA cars in the Russian market, which is a 16% increase compared to a year ago. The market share of LADA in the reporting period was 20%, which is the best indicator for the last 7 years. As for the export of AvtoVAZ, in 2018 LADA cars were sold in 34 countries. 38,052 cars were sold in foreign markets, which is more by 57% than in 2017. It should be noted that AVTOVAZ was particularly successful in the markets of the CIS countries, in Kazakhstan LADA became the market leader, and in Belarus it took the second place in the sales rating.