KamAZ’s net profit for 2023 according to IFRS amounted to almost 17 billion rubles

KamAZ’s net profit for 2023 according to IFRS amounted to almost 17 billion rubles


The net profit of KamAZ PJSC at the end of 2023 according to IFRS reached 16.9 billion rubles. This is 16.9% less than the company’s profit for 2022, when it amounted to 19.9 billion rubles. This follows from the final reporting KamAZ. The reporting for 2023 also includes data for 2022, which the company did not publish then. In just two years, the company received 36.8 billion rubles. net profit.

The group's revenue for 2023 amounted to RUB 370.3 billion. The company attributes these results to increased sales in the truck, bus and electric bus segments. Thus, the company’s revenue from truck sales in 2023 reached 226.6 billion rubles.

The company's cost of sales at the end of 2023 amounted to 311 billion rubles. Gross profit increased to RUB 59.7 billion. KamAZ's net debt at the end of 2023 amounted to 57.2 billion rubles, the ratio of net debt to EBITDA was 1.7.

According to supplier forecasts, the Russian truck market in 2024 will not be able to repeat last year’s record results. Demand for heavy vehicles will decrease by 25–33%.

Read more about the market situation in the material "The trucks rolled from a high base".

Evgeny Belousov



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