SOLLERS PJSC (Moscow Exchange ticker: SVAV) publishes its 1HY 2023 consolidated IFRS financials.
In the reporting period, the group generated revenue of RUB 32.7 bln. The company’s EBITDA reached RUB 3.9 bln.
SOLLERS net profit amounted to RUB 1.4 bln.
‘The 1HY 2023 indicators reflect the positive dynamics of production growth in SOLLERS Group due to the recovery of UAZ sales figures and the successful launch of new products under the Sollers brand,’ SOLLERS PJSC General Director Nikolay Sobolev said. ‘Expeditious implementation of localisation programmes across the entire model range produced by the company remains our top priority. ‘The relaunch of serial production at our Vladivostok industrial site and the implementation of projects for the production of frame commercial vehicles at new production facilities in the UAZ industrial park will make an additional contribution to the SOLLERS Group performance indicators in the second half of this year,’ Nikolay Sobolev added.
Here it is worth noting that, in 1HY 2023, SOLLERS organised full-cycle production of Sollers Atlant vehicles at the SOLLERS Alabuga plant. Furthermore, the group has begun implementing a project to produce a family of diesel engines at the engine plant in the Alabuga SEZ and launched a project to organise full-cycle production of Sollers Argo light trucks in Ulyanovsk. Ulyanovsk Automobile Plant has launched production of its flagship UAZ Patriot vehicle with modernised rear suspension.