SOLLERS PJSC (Moscow Exchange trading code: SVAV) publishes its consolidated IFRS financial statements for 2023.
In the reporting period, SOLLERS Group generated consolidated revenue of RUB 82.3 bln.
EBITDA amounted to RUB 7.5 bln. The company’s net profit reached RUB 4.9 bln.
‘The positive dynamics of the group’s financial performance in 2023 were influenced by the fact that the group successfully brought to market new products under the Sollers brand: The Atlant and Argo commercial vehicles, and the ST6 pickup trucks. The production sites in Elabuga and Vladivostok continue to operate on a full production schedule. The group’s key asset – Ulyanovsk Automobile Plant – also continues to work stably, and the transition to the new component base has been fully implemented,’ noted
Nikolay Sobolev, CEO of SOLLERS PJSC.
It should be remembered that in 2023, SOLLERS Group launched the mass production of Sollers ST6 pickup trucks at the Automobile Industrial Technologies plant in Vladivostok and full-cycle production of Sollers Argo light-duty trucks at the new SOLLERS Cargo plant in Ulyanovsk. The company also launched a diesel engine plant in the Republic of Tatarstan.
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RUB mln
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2023
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Revenue
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82 289
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EBITDA
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7 541
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EBITDA margin
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9,16%
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Operating profit
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6 885
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Operating profit margin
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8,37%
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Net profit (before minority interest)
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4 934
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