Net profit of “Kalashnikov” in 2015 amounted to 2.1 billion rubles against a loss a year earlier

MOSCOW, February 10. Revenue of concern “Kalashnikov” (part of state Corporation rostec) by the end of 2015 has grown 2.8 times compared to 2014 year – on-year to 8.2 billion rubles, while in 2014 it was recorded a loss in the amount of 340 million rubles this is stated in the message of “Rostec”.

Profits from sales at the end of 12 months of last year – 1.2 billion rubles compared with a loss of 144 million rubles a year earlier. EBITDA by the end of 2015 amounted to 3 billion rubles, having exceeded a similar indicator in 2014 to 3.1 billion rubles.

In 2015 the growth of production has reached 158%. If you increase the number of personnel by 8% to 5,116 people, the growth of labour productivity amounted to 139%, reaching 1,8 million rubles per one employee per year.

By the end of 2015 the value of the net assets of the group increased 1.6 times, from 4.6 billion to 7.6 billion rubles, said in a press release.

Concern “Kalashnikov” – the largest Russian manufacturer of a wide range of precision weapons. A large segment of civilian products includes hunting rifles, sporting rifles, machines and tools. The state Corporation rostec owns a 51% stake in the company, 49% – to private investors. The group’s products are marketed in more than 27 countries. The group includes three product brands: Kalashnikov – military weapons, Baikal hunting and civilian weapons, “Izhmash” sporting weapons.