KAMAZ shares jump 20% on Putin’s statement
The Russian President proposed to support the company through the renewal of regional transport
KAMAZ shares rose sharply after Russian President Vladimir Putin offered to support the company through the renewal of regional transport. At the peak, the company's quotes rose by 16.64% compared to Sunday, to е70.1 per share. Compared to Friday's close, the increase was 20%.
Russian President Vladimir Putin at a meeting with the head of Tatarstan Rustam Minnikhanov in the Kremlin expressed the idea of updating regional transport. Such a program could support KAMAZ, the press service of the Kremlin reported.
“We need to do a program to upgrade regional and municipal vehicles. We would support machine building, Putin said.
KAMAZ is the largest manufacturer of heavy trucks in Russia. According to the company, it occupies 47% of the Russian market of heavy trucks, and also ranks 14th in the world in terms of production of heavy trucks.
For the first half of 2026, the consolidated revenue of the automaker KAMAZ under IFRS increased by 7% and amounted to и164.8 billion. Revenue increased in the segments of buses, electric buses and special vehicles, as well as financial leases and other sales. Gross profit decreased by 19% to .13 billion. In the first half of the year, the company reduced its net loss by 29% to е21.8 billion against е30.9 billion in the same period last year. The positive dynamics was the result of the growth in sales of cars of the flagship generation K5.
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