Chief financial officer Nikolai Sobolev told Reuterts Sollers expected 2010 sales to exceed RUB50bn compared with RUB34.7bn in 2009 and targeted earnings before interest, taxes, depreciation and amortisation (EBITDA) of over $100m.
The Russian car industry is in recovery mode after annual sales halved amid the global economic crisis in 2009.
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Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
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