Rostec revenues 8% up


“Rostec state corporation’s military technical cooperation portfolio remains at the level of 2018 with $51.1 bln,” – company CEO Sergei Chemezov reported to Vladimir Putin, according to the presidential web page.

“In 2019, all of our businesses posted consolidated revenues of RUR 1,771 bln ($25 bln), an increase of almost 8% on the previous year. This amount does not include intra-group turnover or revenue of enterprises in which the corporation does not have a controlling stake,” he said. “We continue to increase the share of civilian goods, which currently amounts to 31.1% or RUR 550 bln ($7.7 bln) in absolute figures. The growing revenue from the marketing of civilian products allows us to increase our financial stability. We are also increasing the output of medical items, which account for some 10% of the market.”

Previous ArticleNext Article