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24.09.2018 | LocoTech significantly improved its position in the ranking of the largest Russian companies

According to RBC magazine, LocoTech Group of Companies significantly improved its position in the ranking of the 500 largest Russian companies in 2018, taking 118th place. We’d like to remind, that a year earlier, the holding occupied the 126th row. Thus, in just one year, LocoTech climbed 8 places at once. 

We’d like to remind that for the first time LocoTech entered RBC 500 in 2016 and took the 126th line. Over 2 years, the Group has significantly improved its production and financial performance, is actively implementing a programme to improve the quality of repairs, is implementing a large-scale investment programme. 

The consolidated revenue of assets managed by LocoTech for 2017, according to RAS, grew by 16% to 107 billion rubles. In 2018, it is planned to allocate about 4 billion rubles for the development of production capacities of the plants.

RBC Magazine has been publishing the rating of the “500 largest companies in Russia” (“RBC 500”) since 2015. The total revenue of the rating participants in 2017 increased by 9.07% to 72.3 trillion rubles. 

The rating involves the parent companies of operating holdings preparing consolidated financial statements, which take into account the performance of both the parent company and its subsidiaries. The main indicator of the ranking which companies are ranked by is revenue after VAT, excise taxes and export duties (net revenue). 

Rating "500 largest companies of Russia - 2018" is given here.

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