Page 163 - RusRPTJul24

export was within 30,000-50,000 cars per year. This year I can say that we still plan to reach 20,000, probably even 25,000 cars per year in very optimistic forecasts," he said.
9.2.3 Aviation corporate news
Russian national air carrier Aeroflot posted net profit (adjusted for the exchange rate from rent and insurance settlements) of RUB6.54bn in 1Q24 under IFRS versus a net loss of RUB13bn for the same quarter of 2023. As followed by bne IntelliNews, Aeroflot Group increased its passenger traffic by 22% year on year to 11.5mn passengers, in 1Q24. Out of that, domestic flights carried 8.64mn passengers (+14.9% y/y), while international routes carried 2.88mn passengers (+47.9% y/y). As a result, in 1Q24 Aeroflot boosted revenues 1.5-fold y/y to RUB174bn. Renaissance Capital estimated EBITDA adjusted for the effect of insurance settlements increasing 1.7-fold to RUB50.6bn.
May 30) Aeroflot published IFRS results for 1Q24. The company demonstrated revenue growth by 1.54 times YoY to RUB 173.59 billion, which was associated with an increase in revenue rates (+18.8% YoY to RUB 5.07/RPK) and passenger turnover (+35. 6% y/y to 20.2 billion pkm).
According to our estimates, EBITDA, adjusted for the effect of the insurance settlement, increased 1.67 times to RUB 50.6 billion. Despite a significant increase in average prices for jet fuel for the company (+21.2% YoY to RUB 85.1 thousand per ton), the EBITDA margin increased by 2.1 percentage points. y/y to 29.1%, which, in our opinion, is largely due to an increase in seat occupancy (+2.1 p.p. y/y to 88.3%).
Net profit adjusted for the exchange rate effect from the lease and the effect of the insurance settlement amounted to RUB 6.54 billion. against a net loss of 13 billion rubles. a year earlier.
Note that, traditionally, the first quarter was a season of low demand for the passenger air transportation market.
9.2.4 Construction & Real estate corporate news 9.2.5 Retail corporate news
The Coca-Cola Company has decided to re-register with Rospatent 163 RUSSIA Country Report July 2024 www.intellinews.com