ROLF Group Reports the 2014 Financial Results
Moscow, June 30
ROLF Group, one of the leading Russian auto dealers, announced its financial results for the year 2014.
Revenue amounted to 131.1 billion rubles; consolidated adjusted EBITDA amounted to 8.7 billion rubles, net profit amounted to 4.7 billion rubles.
In comparison with previous year, ROLF Group’s revenue raised by 26.6%, EBITDA increased by 84.3% and net operating profit went up by 186,7%.
Net debt/EBITDA ratio amounted to 1.03 dated 31.12.2014.
Igor Salita, Chairman of Board of Directors, ROLF Group:
"Outstanding financial indicators of ROLF Group were logical result of long term strategy implementation, aimed at becoming absolute leader in Russian autoretail not only in sales volume, but also in business efficiency index. Moreover, management team of ROLF Group undertook a number of important anti-crisis measures, such as conversion of company's interest bearing liabilities into roubles, expenses cut and focus on profitability of primary sales and subsequent service. As a result, debt/EBITDA ratio decreased from 2,08 at 31 December 2013 to 1,03 on 31 December 2014. All of that was possible due to huge effort of company employees and of course long term loyalty of our clients."