Dealer Login Personal Area AVTOVAZ 28 July 2017 year In the first half of 2017, AVTOVAZ Group increased its revenue by 17.6% and almost reached the operating breakeven point. The company emphasizes risks in the second half of the year AVTOVAZ GROUP ANNOUNCES ITS 1H 2017 IFRS RESULTS. THE COMPANY NOTES CONTINUED POSITIVE TRENDS IN MARKET SHARE, REVENUE AND FINANCIAL PERFORMANCE. THE FIRST SIGNS OF RECOVERY IN THE AUTOMOTIVE MARKET (+ 7% COMPARED TO THE FIRST HALF OF 2016), A GROWING SHARE IN IT, AS WELL AS THE ONGOING PROCESS OF THE GROUP'S RESTRUCTURING HAVE LED TO A RECOVERY IN THE FINANCIAL SITUATION. In the first half of 2017, AVTOVAZ Group sold 140,231 LADA vehicles in Russia, which is 13% more than in the same period in 2016 (124,353 units). The share of LADA in the Russian automotive market (passenger cars + light commercial vehicles) increased by 1 percentage point to 19.5%. This achievement is largely due to the growing sales of new models of the Brand - LADA Vesta and LADA XRAY, including due to the expansion of their model range (new versions, new configurations). Five LADA cars entered the TOP-20 best-selling models: LADA Granta (2nd place), LADA Vesta (3rd place), LADA XRAY (9th place), LADA Largus (14th place), and LADA 4x4 (17th place). The AVTOVAZ Group increased the volume of export sales of LADA vehicles (including deliveries of vehicle sets) by 76% compared to the same period in 2016. This growth is mainly due to an increase in the volume of large-unit assembly in Kazakhstan and the start of sales of LADA Vesta in some foreign markets. In addition, AVTOVAZ Group sold 48,487 vehicles of Renault, Nissan and Datsun brands to its partners in the Alliance. As a result, the revenue of AVTOVAZ Group increased to 102 billion rubles, which is 17.6% more than in the first half of 2016. The Group has practically reached the operating breakeven level with a result of -4.0 million rubles. (an improvement of 9 billion rubles compared to the first half of 2016). The Group's net profit was still negative and amounted to -4 billion rubles. (improvement by RUB 23 billion). Moreover, AVTOVAZ Group emphasizes the persistence of risks that may adversely affect the Company's financial results in the second half of 2017. In particular, this is an increase in purchase prices for raw materials and deterioration of currency factors. To mitigate the impact of these risks, the Company continues to implement its restructuring plan. AVTOVAZ Group President Nicolas Maure noted that: “We are pleased to improve the LADA sales results and the financial results of the AVTOVAZ Group. Despite some lingering risks, the Group is pursuing its financial recovery plan. Support from our shareholders - Renault-Nissan Alliance and Rostec Group - will help strengthen the Company's balance sheet. The ongoing process of cost optimization, the increased level of localization and the confirmed growth of the Russian automotive market give me confidence in the Group's ability to overcome such constraints as currency fluctuations and higher raw material prices, as well as to confirm its goal of achieving consistently positive operating results in 2018 " ... Share in: BACK TO NEWS LIST AVTOVAZ LADA IMAGE PROMOTIONS 28 Июля Группа АВТОВАЗ в I полугодии 2017 года увеличила выручк... 18 Июля LADA на 10% доступней. Новые госпрограммы в действии Подпишитесь на новости Новости АВТОВАЗ ЛАДА Имидж ПОДПИСАТЬСЯ О компании Продукция Дилерская сеть LADA Dеталь Обратная связь