Ilt, the official dealer of Peugeot, Citroën, DS, and Jeep car brands, received UAH 23.7 million in net profit last year, which is 38.4% less than in 2023.
According to the company’s annual report published in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), its net income increased by 33.5% to UAH 915.5 million.
The company’s operating profit decreased by 5% to UAH 69.3 million, and gross profit by 9% to UAH 105.8 million.
As reported, in January-September last year, the company reduced its net profit by 28% compared to the same period in 2023, to UAH 25.163 million, although it increased its revenue by 52%, to UAH 714.5 million.
Thus, in the fourth quarter, the company incurred a loss of UAH 1.45 million against a net profit of UAH 3.68 million in October-December 2023, while net income decreased by 6.2% to UAH 200.5 million.
Ilt LLC began operations in Ukraine in 1992 as an official importer of Peugeot cars, and in June 2010 transferred its importer functions to Peugeot Citroën Ukraine LLC.
It is currently the official dealer in Ukraine for Stellantis car brands Peugeot, Citroën, DS, and Jeep, as well as a service dealer for Opel in Kyiv and the Kyiv region. It has two large car centers in Kyiv, Ilt on Pechersk and Ilt on Kharkivskyi, a service station, a logistics center, and spare parts warehouses.
The company provides operational leasing services for passenger and commercial vehicles, customer vehicle administration, sales of new and used cars, maintenance, and also leases office space in its own seven-story office center, Ilt Business Center.
As of the beginning of 2025, the portfolio consisted solely of operating lease agreements.
“The structure of the company’s main customers is characterized by a low level of diversification (one counterparty, Sandoz LLC, accounts for 40.2% of the total structure of the vehicle leasing fleet), which may increase the risks of dependence on the financial condition of a single counterparty,” the report says.
As reported, in 2023, Ilt LLC received UAH 38.53 million in net profit against a loss of almost UAH 34 million a year ago and doubled its net income to UAH 685.33 million.
