Monday 7 May 2018

Avtovaz annual report 2017

Front page of Avtovaz annual report 2017

For the report in full please go here and to read my previous summary please click on Avtovaz annual report 2016 and to find out more regarding Avtovaz then please visit Analysis of Avtovaz 2016. It appears as if I got so annoyed with the changes in Avtovaz that I did not make an analysis of the company during 2017.

In the income statement below we see that there was a significant increase in the revenue for Avtovaz in 2017. The costs unfortunately also increased and we ended up with yet another year of losses but much less than in 2016. Reading the sales for Q1 of 2018 then Avtovaz is doing very well. We are of course still dealing with a significant negative equity in Avtovaz which is also very clearly stated by the accounting company.

Income statement of Avtovaz 2017

Conclusion: Avtovaz is doing better and by the look of things their new models (developed by Bo Inge Andersson) appears to have been highly successful that now the new french CEO can harvest. I will remain as a shareholder.

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