Business news from Ukraine

Business news from Ukraine

Car dealer Ilt increased its net profit by 23.5%

Ilt, the official dealer of Peugeot, Citroën, DS, and Jeep car brands, earned UAH 31.07 million in net profit in January-September this year, which is 23.5% more than in the same period last year.

According to the company’s financial statements published in the NSSMC’s information disclosure system, its net income decreased by 13.2% to UAH 620.3 million.

As reported, in the first half of this year, the company increased its net profit by 55% compared to the same period in 2024, to UAH 27.3 million, while its net income decreased by 7.9%, to UAH 401 million.

Thus, in the third quarter, Ilt reduced its net profit by half compared to July-September 2024, to UAH 3.8 million, with a 21.4% decrease in revenue, to UAH 219.3 million.

The report notes that the expected income from operating lease agreements is UAH 166.3 million, and from car sales agreements – UAH 14.8 million.

The company identifies the key areas of development for the current year as increasing sales of new cars under a dealership contract with Peugeot Citroen Ukraine LLC, in particular for the DS and Citroen brands, with which it began working in 2020, and the Jeep brand, with which it has been working since 2023.

Ilt LLC began operating in Ukraine in 1992 as the 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, 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 mainly provides operational leasing services for passenger and commercial vehicles, as well as customer vehicle administration, sales of new and used cars, maintenance, and leases office space in its own seven-story office center, Ilt Business Center.

The report notes that in May 2025, the property complex of the subsidiary Kyiv ATP Ukrprodkontrakt was sold, which was reorganized in September by joining Ilt LLC.

As reported, in 2024, Ilt reduced its net profit by 34.8% compared to the previous year, to UAH 23.7 million, and increased its revenue by 33.5%, to UAH 915.5 million.

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