KAMAZ PTC HAS PUBLISHED THE GROUP’S FINANCIAL RESULTS FOR 12 MONTHS OF 2020 IN ACCORDANCE WITH IFRS

19
Апр
2021

The consolidated revenue of the group of organizations of KAMAZ PTC amounted to 216,958 million rubles, and by 12% exceeded the level of the previous year. Net profit for the year amounted to 3,104 million rubles.

37,028 trucks were sold on the domestic and foreign markets, because of which the share of KAMAZ PTC in the Russian market of trucks with a gross weight of more than 14 tons increased by 4% and amounted to 48%. The increase in revenue was achieved due to growth of trucks sales in the domestic market, including the launch of a new model of K5 vehicles-KAMAZ-54901.

The revenue growth record was recorded in the segment of buses, electric buses and special equipment. Revenue in the corresponding segment increased by 61% year-on – year to 27,951 million rubles.

The development of the product portfolio of leasing services and increased customer focus led to an increase in financial leasing revenues by 28% year-on-year. Revenue in this segment amounted to 4,669 million rubles.

The increase in sales volumes, the effective use of client financing tools, and initiatives to reduce costs and increase productivity resulted in an annual net profit of 3,104 million rub (2019: net loss of 1,955 million rubles).

The Group of organizations of KAMAZ PTC demonstrated strong operating cash flow in the amount of 10,768 million rubles and a decrease in net debt to 77,814 million rubles (2019: 79,495 million rubles).

In difficult economic conditions, KAMAZ PTC continues its programs of reengineering production and development of a new model range. Investments in the modernization and development of new technologies amounted to 10,503 million rubles.

KAMAZ SUMMED UP THE FINANCIAL RESULTS FOR THE FIRST QUARTER ACCORDING TO RAS

16
Апр
2021

KAMAZ has published its accounting statements for the first quarter of 2021 according to RAS: total revenue increased by 49% compared to the same period last year and exceeded 48 billion rubles.

The revenue growth was driven by the dynamics of truck sales in the domestic market: the active sale of KAMAZ-54901 vehicles – a new model range of the K5 generation company, which was introduced to the market in 2020, and the interest of consumers in K4 generation vehicles running on compressed and liquefied natural gas. It is also worth noting the sales in the direction of «Passenger transport». As a result, the profit from sales at the end of the reporting period more than doubled compared to the first quarter of the last year and reached 1.2 billion rubles.

The company’s net profit for the reporting period was 1.01 billion rub, compared to a loss of 798 million rub for the same period in 2020. Gross profit for the first quarter was 4.38 billion rubles, which is 37% higher than the result of the same period last year (for the same period of the last year – 3.19 billion rubles).

According to the results of the implementation of the production plan for the first quarter of 2021, the plants and divisions of KAMAZ exceeded the same indicators of the previous year by almost a third, which also contributed to the achievement of high financial results. So, the automobile plant, the finishing enterprise of the company’s main products, handed over for shipment to consumers in March 4,347 vehicle sets (for the same period last year – 3,565 units, +22%). The indicator for the first three months of the year was 9,796 units (for the same period last year – 7,403 machine sets, +32%).

KAMAZ SUMMED UP THE PRODUCTION RESULTS OF THE FIRST QUARTER

9
Апр
2021

According to the results of the implementation of the production plan for the first quarter of 2021, the plants and divisions of KAMAZ exceeded the same indicators of the previous year by almost a third.

The automobile plant, the finishing enterprise of the company’s main products, delivered 4,347 vehicle sets for shipment to consumers in March (for the same period last year, SPLY– 3,565 units, +22%). The indicator for the first three months of the year was 9,796 units (SPLY – 7,403 vehicle sets, +32%).

The engine plant and CUMMINS KAMA produced and delivered a total of 4,682 engines and power units to their customers in March and 10,803 for the entire quarter (SPLY – 3,695 (+27%) and 8,041 units (+34%), respectively).

In March, spare parts for KAMAZ vehicles were shipped to dealers, service centers and corporate clients in the amount of almost three billion rubles, since the beginning of the year – 6.71 billion rubles (SPLY – 2.11 billion (+42%) and 5.27 billion rubles (+27.3%), respectively).