Mostotrest, OJSC

During its history, Mostotrest has built over 6,000 bridges and overpasses of various systems and structures with a total length of 600 km, more than 1,500 pedestrian bridges and tunnels, several dozen complex transport interchanges, many residential buildings, social, cultural and household facilities.

The company consists of 14 branches. Mostotrest units are located in the central part of Russia.

2023: CEO change

At the end of August 2023, Mostotrest, which specializes in the construction and reconstruction of road, railway and city bridges, roads and other engineering structures, announced the change of CEO. He was appointed Alexander Skorochkin, who previously worked in the group as CFO. His candidacy was unanimously supported by seven members of the board of directors on August 30, 2023, Mostotrest reported. Read more here.

2022: Revenue reduction by 35.2% to RUB 4.8 bln

In 2022, Mostotrest's revenue (the company participated construction in the routes Moscow -) St. Petersburg amounted to 4.8 billion, which is rubles 35.2% less than a year earlier. Net profit at the same time increased 2.7 times and reached 405.4 million rubles. Such data are contained in the statements that the company published in May 2023.

Mostotrest raised 4.8 billion rubles for the year

According to Interfax, citing materials from Mostotrest, at the end of 2022, the company's cost of sales fell by 46.6% compared to 2021, to 3.3 billion rubles. Gross profit increased by 22.8%, to 1.5 billion rubles. Profit from sales increased 3.3 times and amounted to 666.2 million rubles. Other income fell to 596.3 million rubles (-57.2%), other expenses - to 942.3 million rubles (-23.8%).

The group's total debt more than halved by the end of 2022, to 4.3 billion rubles (-54.2%). In particular, short-term liabilities decreased by 55.4%, to 3.8 billion rubles, long-term - by 40.6%, to 465.6 million rubles. It also follows from the Mostotrest report that by the end of 2022 the company had 274 employees against 509 a year earlier.

According to the agency, Mostotrest PJSC has significantly reduced the scale of its activities and financial indicators after the reorganization. Within the framework of the latter, JSC Roads and Bridges was allocated, which received the majority of the property, capacities and labor resources of PJSC, combining Transstroymehanizatsiya LLC, MTTS JSC, OSSP LLC, 12 branches and specialized plants in Moscow and Tula. JSC Roads and Bridges came under the control of JSC GK National Projectstroy, created as an infrastructure mega-contractor with the participation of VEB, Arkady Rotenberg and the 1520 group. Since the end of 2022, National Project Construction has been headed by the general director of the 1520 group Alexei Krapivin.^[1]

2018: Arkady Rotenberg again bought Mostotrest

The Stroyproektholding company of billionaire Arkady Rotenberg acquired in the spring of 2018 the 100% of TFK-finance JSC, which owns 94.2% shares of Mostotrest PJSC. Writes about this TASS. Earlier, the deal was approved by the Federal Antimonopoly Service^[2] Mostotrest.]

Thus, Arkady Rotenberg again returned to ownership of a large road contractor. In 2015, the billionaire lost his share of Mostotrest to the structures of NPF Blagosostoyanie. According to some reports, the deal occurred in connection with the announcement of sanctions against Rotenberg by the United States.

At the same time, in reality, the billionaire continued to control the road contractor and make a profit from his work, Forbes wrote with reference to its sources. In particular, Rotenberg's structures issued loans to TFK-finance, on the maintenance of which the company spent the bulk of Mostotrest's dividends.

A little earlier it became known that the road contractor will receive a state contract for the maintenance of the automobile part of the Crimean bridge. The price of work is 477 billion rubles. For this amount, Mostotrest will ensure the operation of the facility from the moment of commissioning in early May to June 30, 2019.

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