03/04/2025
KAMAZ has published the results of its activities for 2024 in accordance with IFRS
KAMAZ PTC summed up its performance in 2024 in accordance with international financial reporting standards. The consolidated revenue of the KAMAZ group of organizations amounted to 393 billion 654 million rubles, net profit for the year amounted to 731 million rubles.
Revenue growth was recorded in the group's main business segments: sales of trucks, passenger vehicles (buses and electric buses), and spare parts.
EBITDA for 2024 amounted to 33 billion 610 million rubles, having slightly decreased from 38 billion 96 million rubles on the previous year.
The dynamics of net profit was significantly influenced by an increase in interest expenses related to the growth in the loan cost, as well as an increase in income tax expenses due to recalculation of taxes at a new rate of 25%.
The results of 2024 were expected and predictable. KAMAZ PTC, being under pressure from sanctions, continues its import substitution program and projects to modernize production and develop a new model range. Investments in 2024 amounted to 8% of revenue, which corresponds to the previous year level.
A total of more than 54.6 thousand commercial vehicles were produced in 2024, which was a 3% rise on 2023 (about 53 thousand units were produced in the similar period of the previous year). In particular, 1,596 buses and 688 electric buses, 4,368 trailers and semi-trailers, 554 concrete mixers, 5,742 medium-duty and low-duty Kompas vehicles were produced. The production of heavy-duty trucks amounted to 41,677 units.
NAPI (National Industrial Information Agency)
