In September it was held the Board meeting at Avis Ukraine, licensee of the world’s famous leasing and rental corporation, dedicated to the “Overview of 6 months results. New development guidelines”.

In February 2008 CFI “VIP-Rent” was bought by new investors (TBIF Financial Cervices and Avis Israel), which belong to a big financial group Kardan Group.

2008 is a new development stage for Avis Ukraine. Company has celebrated its 11-th anniversary, opened 6 regional offices, doubled rental and increased in quarter its leasing fleets. Among the main company’s goals are: considerable increase of leasing share among Ukrainian companies with the help of flexible price policy and new additional services; renewal and extension of rental fleet and gaining of maximum effectiveness of its usage with the help of optimal logistics organization among rental stations on the territory of Ukraine.

According to the 6 months results Avis’s Ukraine financial plan is fulfilled according to all main operation factors. Cars fleet increased in a quarter comparing the beginning of the year, till the end of the year it should consist of 2000 cars.

Revenue increase dynamics has grown up to 95% in the first half in comparison with the same period in 2007. Together with leasing which takes leading position in the company’s income structure (63%) has increased rental (21%) and transportation services (10%) shares.

Table. Dynamics on type of activities

Income item                                    % increase 2008
Leasing (operational and financial)    +39%
Car rental                                       +102%
Drivers’ outsourcing                         +7%
Transportation services                    +146%
 

If in Europe each company has conception about leasing and its advantages, in Ukraine this service only begins its development. There is no enough information about leasing today, this fact state representatives of Ukrainian companies, among whom was made a special poll. Oleg Nechaiev, CEO Avis Ukraine emphasizes that “Ukrainian leasing market is on the stage of its forming. That is why Avis’s Ukraine strategic goal is not only to provide qualitative services but also inform Ukrainian companies about this kind of service and its advantages”. Oleg Nechaiev points out a big potential of Ukrainian leasing and rental market, talking about its rapid development factors. Ukrainian leasing services market continues its growth, Avis sales development dynamics outpaces this growth, showing 60% increase in 6 months 2008 in comparison with the same period in 2007.

About 170 companies work today at leasing market, but not all of them can work today in conditions of quick changes. “Working according to the International Standards, we are completely ready to work on a competitive basis. And ready to continue the strengthening of our leading position on a dominant for our company leasing services market” – says Oleg Nechaiev.

Avis Ukraine – is the representative of the biggest world wide leasing and rental corporation which has 5000 branches in more than 170 countries all over the world, and more than 60 years old history. Avis Ukraine offers services since 1997 including financial and operational leasing with full spectrum of services, mini leasing, car rental, drivers outsourcing. Avis Ukraine has its regional offices in Lvov, Donetsk, Dnepropetrovsk, Kharkov, Simferopol and Odessa. Avis Ukraine shareholders are subdivisions of a big financial group Kardan Group.

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Avis Ukraine – is the representative of the biggest world wide leasing and rental company which has 5000 branches in more than 170 countries all over the world, and more than 60 years old history. Avis Ukraine offers services since 1997 including financial and operational leasing with full spectrum of services, mini leasing, car rental, drivers outsourcing. Avis Ukraine has its regional offices in Lvov, Donetsk, Dnepropetrovsk, Kharkov, Simferopol and Odessa. Quantity of cars in its fleet is above 2000 cars. Avis Ukraine investors are subdivisions of a big financial group Kardan Group.