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Financial results of AVTOVAZ

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Financial results of AVTOVAZ

According to the last reporting on 31 of October 2016, a loss of the AutoVAZ Group in July-September constituted 3.5 billion rubles, compare to 9,35 billion rubles the previous year. At the same time revenue of the company in 9 months 2016 constituted 130,5 billion rubles (-0.6% by 2015). The market brand share of Lada grew from 18,1% to 19,9%. Reducing losses in the 3rd quarter for 63% – obviously positive news caused by a number of actions of a new management of the car manufacturer, including reducing administrative expenses for 35%, and also increases in a share of domestic components in the Lada cars.

From July to September the AutoVAZ sold 189 852 Lada copies that is 6,7% lower than indicators of 2015, but it is the best of all than the car market in general, which dropped for the same period by 15,1%. At the same time the Lada brand share in the domestic market grew from 18,1 to 19,9%.

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