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04/04/2024
KAMAZ summed up financial results for 2023

The consolidated revenue of the KAMAZ group of companies amounted to 370.3 billion rubles, having exceeded the level of the previous year by 27%. Net profit for the year amounted to 16.9 billion rubles.

Significant revenue growth rates were due to increased sales in the segments of trucks and passenger transport (buses and electric buses).

Increased sales, effective use of client financing tools, initiatives to reduce costs and increase labor productivity led to an annual net profit of 16 billion 877 million rubles.

The KAMAZ group of companies showed a positive operating cash flow in the amount of 52 billion rubles, which allows maintaining comfortable debt burden indicators. Net debt at the end of 2023 amounted to 57.2 billion rubles, which was a 16% decline on the last year's figure. The net debt to EBITDA ratio for 2023 was 1.7.

NAPI (National Industrial Information Agency)


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