Sollers in the I half-year net income increased almost 3 times

Sollers group in the I half-year net profit by IFRS of $ 2 billion 609 million rubles, which is almost three times more than the same period in 2011.

The group’s revenue was 30 billion 967 million rubles, which is 1.8% lower than in the previous period, and due to the termination of the distribution and production of vehicles FIAT. EBITDA reached 3 billion 935 million (+37%), and the EBITDA margin was 12.7%, which is higher than before the crisis for the first time the results of the company. In addition, the group Sollers 15% reduced its net debt, which at 30 June 2012 was 11 billion 759 million rubles, while the first half of 2011, the figure was 13 billion 877 million rubles.

In the I half Sollers sold 46846 cars UAZ, SsangYong and Isuzu, which is 23% higher than the result of the same period of 2011. In particular, the sales of SsangYong vehicles increased by 63% to 14,877 vehicles. Also, there was a strong demand for SUVs UAZ, whose sales increased 14% to 31,647 units, including 3,725 cars were delivered for export. Isuzu Truck Sales for January-June 2012 amounted to 322 pieces.

As the CEO of Sollers Vadim Shvetsov, a significant increase in sales and competent marketing policy of key brands — SsangYong and UAZ — not only compensated for the closure of the business FIAT, but were able to get financial performance Sollers to pre-crisis levels. According V.Shvetsova in 2012 Sollers will continue to strengthen its position by further growth in car sales, launching new popular products, as well as the active development of joint ventures with Ford, Mazda, Isuzu and launch a joint project for the production of Toyota cars in Vladivostok .

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