The Russian-owned Zenvo Automotive, based and founded in Præsto, has published a profit. The brand's first since 2018.
The Russian-owned Zenvo Automotive has turned a loss of almost six million in 2022 into a profit in 2023.
It is the car brand's first profit since 2018. Specifically, the people in Præsto can note a profit of DKK 16.6 million after tax.
This is written by Finance , which has looked at the car brand's published accounts.
Speaking to the media, the brand's commercial director and chairman of the board, Jens Sverdrup, claims that Zenvo's reputation has been reversed and that the car brand is now 'accepting orders from the world's most discerning hypercar enthusiasts'.
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According to the accounts, the profit at Zenvo is connected to the fact that personnel costs have been reduced. At the same time, it has succeeded in raising the gross profit from 10 to over 21 million kroner.
Profit is one thing. Something else is the debt of Zenvo Automotive, whose co-founder Troels Vollertsen left the company in March 2023. Because it has grown. In 2022, the car brand owed DKK 61 million, this has now grown to DKK 108 million.
Some of the money has probably been used to develop the brand's new V12-engined Aurora model. A car with 1,850 horsepower and a top speed of 450 km/h. Unfortunately, only 100 cars will be built. Presumably at a price around 20 to 25 million Danish kroner. So the piece.
August marks one year since Zenvo introduced Aurora to the public. Shortly after the presentation, however, Zenvo let it be known that you can actually build a cheaper car out of the same parts. In other words, cheaper than in a car for just under 14 million kroner. Read more about it here .
One of those who have thrown money at a Zenvo is the English YouTuber Tim Burton, also known as Shmee150. He took delivery of his TSR-S these days two years ago.
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