KAMAZ Announces Results for 11 Months, 2011
OREANDA-NEWS. December 8, 2011. Production, commercial, financial and economic results KAMAZ Group has obtained for 11 months indicate that in 2011 the company will surpass the main results of activities for 2010 by 30 or more percent and recover to pre-crisis levels by the pace of business development.
KAMAZ sold marketable products and rendered services to the tune of 10.3 billion roubles in November and 87 billion roubles for the first 11 months of the year. In terms of prices and conditions of 2010, it is 32% up on the same period last year. By the way, the results of November are 30-40% higher than those of October.
As of the beginning of December, total sales volumes of KAMAZ trucks have made 39,873 units since the beginning of the year (with no account taken of resale) – year-over-year 40% increase. Thus, KAMAZ is confidently approaching the 40 thousandth mark of this performance – the result which the company managed to achieve only three times under modern market conditions (in 2006-2008). For 11 months, the company has sold 34,200 trucks on the Russian market – by 9,250 units more as compared with the corresponding figures from a year earlier (+37%). In the first 11 months of 2011, the foreign market saw a rapid growth of OJSC KAMAZ’s market share (a 59% yoy increase).
The KAMAZ vehicles production unit has made about 42.8 thousand vehicle sets since the beginning of the year, which is by 11.7 thousand units, or 38%, more than for the first 11 months of 2010. The KAMAZ engine production unit has also greatly increased the output volume of its main products: the mother vehicles assembly conveyor and customers of the Engine Plant have received 46,724 engines and power units for 11 months, which is by 10,700 units, or 30%, more than for the same period of last year.
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