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17/04/2014
11:44
Sollers increases equity stake in UAZ to 75.97%

SOLLERS OJSC increased its equity position in Public JSC Ulyanovsky Avtomobilny Zavod to 75.97% from 74.98%, Sollers informed.

Sollers's shareholding in UAS increased to 3,147,412,760 from 3,106,412,760.

Sollers (tax number: 3528079131) unites Ulyanovsk Automobile Plant, Zavolzhye Engine Plant (official name: Zawolzhsky Motorny Zawod), Sollers – Naberezhniye Chelny (former Minicar Plant) and other production assets manufacturing Korean off-road cars SsangYong, motor cars and commercial cars of Fiat, Japanese Isuzu trucks. Besides, the company is developing a network of dealing centers and runs its own leasing department. The major shareholder of Sollers is its general director Vadim Shvetsov who owns 58% of shares.

IFRS net profit of SOLLERS OJSC for 2013 decreased by 37.96% to RUB 3.625 billion from RUB 5.843 billion the year before. Revenue decreased by 6.46% to RUB 61.317 billion from RUB 65.549 billion, profit from operations by 27.66% to RUB 5.241 billion from RUB 7.245 billion, EBITDA by 16.53% to RUB 6.387 billion from RUB 7.652 billion, EBITDA margin to 10.4% from 11.7%.

According to the DataCapital information retrieval system, RAS net profit of SOLLERS OJSC for H1 2013 was RUB 671.909 million against a loss of RUB 856.812 million the year before. Revenue dropped 2.61-fold to RUB 96.092 with RUB 250.539 billion, sales loss decreased by 3.86% to RUB 615.864 million from RUB 640.577 million, pre-tax profit was RUB 866.311 million against a loss of RUB 1.058 billion.

Public JSC Ulyanovsky Avtomobilny Zavod (UAZ, English: Ulyanovsk Automobile Plant, tax number: 7300000029) established in 1941 now is part of the company Sollers. The enterprise accounts for about 15% of the Russian off-road motor vehicle market. Since late 2003, the plant has been manufacturing UAZ Hunter; since August, 2005 it has been engaged in series production of UAZ Patriot.

The authorized capital of the enterprise of RUB 4.143 billion and is represented by 3,725,819,763 common and 416,837,248 preferred shares at par value of 1 ruble Rosimushchestvo owns 13.19% of its authorized capital (14.67% of common shares), 66.07% (67.77% of common shares) belonging to SOLLERS OJSC.

According to the DataCapital information retrieval system, RAS net loss of Public JSC Ulyanovsky Avtomobilny Zavod for 2013 was RUB 1.081 billion against a profit of RUB 985.563 million for 2012. Revenue decreased by 6.23% to RUB 26.192 billion from RUB 27.931 billion, sales profit by 25.35% to RUB 961.469 million from RUB 1.288 billion, loss before tax was RUB 97.064 million against a profit of RUB 1.199 billion.


"AK&M", 17.04.2014

 

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