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KAMAZ PTC has published the group's financial results for 12 months of 2020 in accordance with IFRS

19 April 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.

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