AvtoKrAZ : PJSC “PAAZ” Announces Increase in Sales for the First Quarter

Poltava Brake Components Plant, company of KrAZ group and major supplier of brake components to 'AutoKrAZ' sees stable sales in the first quarter of this year. Since the beginning of the year the company reported 18,7 increase in sales as compared to the same period of previous year, the company sold over UAH 31,2m of worth of products with sales of brakes components worth of UAH 25,4 m (up 1% percent), and sales of consumer goods worth of over UAH 4,8 m (up 93 percent).

Export sales accounting for 76 percent within January-March period still dominate with export sales of brake components accounting for 84,2 percent. The company shipped its products to new customers in Kazakhstan and Georgia for the period in question.

In whole, results achieved for 3 months show that exports sales for three months went up на 32,5% from the same period of previous year.

It should be noted that this year in March as well as in the first quarter of the year the company achieved high sales as compared the same periods of previous year. Sales grew 30 percent from March 2016, with 20 percent growth of brake components sales and 146 percent growth of consumer goods sales. Supplies to Kremenchug Automobile Plant grew more than three times from March of previous year.

Sales grew 18,7 percent from the first quarter of 2016, with 14,1 percent growth of brake components sales and 93 percent growth of consumer goods sales.

The company plans to ramp up, look for new markets and new customers in traditional markets, and strengthen its positions in the country and abroad.