Bogdan Motors Revenue Grows by 38% Y-o-Y in 2010
OREANDA-NEWS. February 14, 2011. Bogdan Motors (UX: LUAZ UK) reported UAH 1,708.0 mln in net revenue (up 38% y-o-y) in 2010, according to Ukrainian accounting standards, the company said on Friday. Bogdan’s net loss declined 2.5x y-o-y to UAH 255.5 mln in 2010 from UAH 621.6 mln in 2009, while EBITDA margin improved to a solid 11% in 2010 from 6.8% in 9M10 and -23% in 2009.
Concorde Capital: we see 38% sales growth in 2010 as impressive on the background of a flat auto market. Bogdan was able to achieve the growth thanks to export sales of Bogdan branded budget segment cars to
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