SOLLERS,PJSC shareholders meeting approved the company’s annual report and financials for the previous years, announced a new lineup of the company’s Board of directors, and approved a new revision of the company’s articles of association.
The meeting resolved that no dividend shall be paid.
A new Board of directors of PAO SOLLERS for year 2017 was approved to include the following 9 persons: Ruben K. Vardanyan, Andrey V. Dementyev, Zoya A. Kaika, Marabottini Luca, Til Rainer, Nikolay A. Sobolev, Will Derek, Hilgert Franz Gerhard and Vadim A. Shvetsov.
In 2016, SOLLERS group revenues equaled RUB 35.6 bln and EBITDA equaled RUB 3.9 bln, down from RUB 38.3 bln and RUB 4.0 bln in 2015, respectively. The company scored a growth in EBITDA profitability in 2016, up to 11.0% from 10.5% in 2015. The group’s operating surplus equaled RUB 2.3 bln, and net profit equaled RUB 1.6 bln in 2016, i.e. below the corresponding year 2015 value.