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In 2019, AvtoVAZ earned the profit under RAS for the first time since 2012

Jun 9, 2020

According to the results of 2019, Volkswagen Group Rus Company earned 17.988 billion rubles of net profit under RAS, which is two times higher than the previous year, follows from the company's report.

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The company's revenue for the reporting period grew by 14%, to 330.882 billion rubles, cost of sales - by 13.5%, to 276.827 billion rubles, gross profit - by 19%, to 54.055 billion rubles, selling expenses - by 13%, to 40.505 billion rubles, administrative expenses - by 48%, up to 12.660 billion rubles. Profit from sales fell by 5%, to 889.6 million rubles, profit before taxes almost doubled - to 22.503 billion rubles.

As AUTOSTAT previously reported, 214 thousand cars were produced at the production sites of Volkswagen Group Rus in 2019, which is higher by 7% than a year ago. So, 150 thousand cars (+ 5%) were produced at the company's plant in Kaluga in the previous year, 64 thousand cars (+ 13%) - at the production site in Nizhny Novgorod. It is worth noting that in December of 2019, the production of the compact crossover Skoda Karoq by the full cycle method started at the GAZ facilities. Thus, Karoq became the third Skoda model on the assembly line of this enterprise after Octavia and Kodiaq.

Sales of the most massive model of the RussianVolkswagen plant - Polo sedan - reached 56,102 units in 2019 (-5.6%). In addition, in 2019, Volkswagen Group Rus exported 24.6 thousand Russian-made cars to the countries of Europe and the CIS (+ 23%).

Recall that in the spring of 2020, Volkswagen Group Rus Company began the production and sales in Russia of the second-generation Skoda Rapid liftback, as well as the new Volkswagen Polo, which is now presented in the liftback body. In addition, in the fourth quarter, a new generation of Skoda Octavia will appear in the Russian market, the production of which will be launched at the plant in Nizhny Novgorod.

Source: https://eng.autostat.ru/news/18582/

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