Rostec's net profit for 2021 increased by 47%

AK&M 18 May 2022 16:46

Rostec's consolidated net profit for 2021 increased by 47% to RUB 163.5 billion. compared to a year earlier. EBITDA increased by 18.3% to RUB 334.9 billion. Revenue increased by 9.9% to 2.06 trillion rubles. Revenue from civilian products amounted to more than 900 billion rubles. This is stated in the message of the state corporation.

Output per employee increased by 9.5% to 3.5 million rubles. The corporation's enterprises have issued 834 patents and 474 know-how, developed over 230 innovative products. The total volume of investments in research and development work has reached 170 billion rubles.

Rostec State Corporation is the largest industrial company in Russia. In 2022, it celebrates 15 years since its foundation. It unites more than 800 scientific and industrial organizations in 60 regions of the country. The key areas of activity are aircraft engineering, radio electronics, medical technologies, innovative materials, etc. The corporation's portfolio includes such well-known brands as AVTOVAZ, KAMAZ, UAC, Russian Helicopters, UEC, Uralvagonzavod, Roselectronics, Shvabe, Kalashnikov Concern. Rostec is a partner of the world's leading manufacturers, such as Boeing, Airbus, Daimler, Pirelli, Renault. The corporation's products are supplied to more than 100 countries around the world. Almost a third of the company's revenue is provided by the export of high-tech products.