Blacklist of scam sites

Dow Jones

Rolf car dealer’s net profit has grown tenfold




MOSCOW, Feb 25 – PRIME. By the end of 2020, the car dealer “Rolf” earned more than 9 billion rubles in net profit, which is 10 times more than in 2019, it follows from the data of unaudited reporting, which the company cites in its message. The owner of “Rolf” thought about selling the business “Revenue of the company in 2020 amounted to more than 246 billion rubles, an increase of 4% compared to 2019. EBITDA increased by 68%, exceeding 16 billion rubles.At the end of the year, the company received a net profit of over 9 billion rubles, which is more than tenfold growth (was 876 million – ed.). During the year, the company managed to reduce its debt burden by 6 billion rubles and achieve a Net Debt / EBITDA ratio of 1.02 “, – said in the message. At the same time, as follows from the message, “Rolf” in 2020 sold 13% fewer new cars than in 2019, a total of almost 80 thousand units. “The reason for this decline was the strict quarantine restrictions that were in effect in the second quarter in the regions where Rolf is present – Moscow, the Moscow region and St. Petersburg. At the same time, the second quarter was a period of dynamic development of new sales technologies and digital channels of communication between car dealers and customers. “, – explains the company. According to the company, the share of sales of cars on credit to retail customers during the reporting period increased by 4 percentage points, reaching 63%, and about 18% of loans issued were covered by government subsidies under targeted programs. The number of car loans issued in January increased by 5% “Corporate clients purchased 27,629 new cars at Rolfe, which is 9% more than in 2019. The results of used cars in 2020 – 65,578 sold cars, which is 4% less than a year earlier. shortage of new cars, many customers have made a choice in favor of high-quality checked and prepared used cars “, – the company notes. According to Svetlana Vinogradova, the general director of Rolf, an important lesson of work during the period of self-isolation was the understanding of the importance of new tools for communication with clients. “We did not resort to layoffs and kept the team. This gave the company the opportunity to take a dynamic start after the quarantine was lifted in Moscow and St. Petersburg. The shortage in the new car market did not allow us to fully meet the high demand from customers, but we were able to offer them a worthy alternative. in the form of proven used cars, “says the top manager.

Related posts
Dow Jones

Experts assessed the impact of possible sanctions on transactions with ruble bonds

Dow Jones

Is it worth going back to bank deposits due to the rise in rates

Dow Jones

Is it worth going back to bank deposits due to the rise in rates

Dow Jones

Analysts named the top popular transactions of Russians in ATMs

Subscribe to our newsletter and
Stay up to date

Leave a Reply

Your email address will not be published. Required fields are marked *