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Kamaz expects revenue worth $8.8 bln by 2030

Kamaz is the largest Russian manufacturer of trucks and is one of the twenty leading global manufacturers

MOSCOW, December 11. /TASS/. Kamaz plans to reach revenue in the amount of 806 bln rubles ($8.8 bln) by 2030 as defined by the company’s approved strategic development program through 2030, the car manufacturer said in a statement. In 2022, the company’s revenue under Russian Accounting Standards (RAS) totaled 267.3 bln rubles.

Investment program stands at over 380 bln rubles ($4.1 bln).

"The program for strategic development of Kamaz through 2030 has been approved. Among the key goals that the company plans to reach by that time are revenue in the amount of 806 bln rubles, sales of trucks at 60,000 units," the statement reads. The share of overseas sales is planned at 16%, EBITDA margins - at 9%.

Kamaz is the largest Russian manufacturer of trucks and is one of the twenty leading global manufacturers. The company produces trucks, trailers, buses, engines and power units. The largest shareholders of Kamaz are Russia’s state corporation Rostec (47.2%), Avtoinvest (23.54%), and Daimler Truck (15%).

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