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Solid fundamentals, clear objectives

Our vision is to maintain our position as a leading independent freight rail group with operations in Russia and the CIS and the partner of choice for blue-chip industrial customers.

Our strategy and business model

Our strategy is to deliver long-term sustainable value creation to our shareholders, which we believe also benefits our customers, employees and other stakeholders. We are achieving this by continuing to be entrepreneurial, prudent and disciplined, and focused on innovation and efficiency while adhering to our proven business model.

Our business model is flexible yet disciplined. Our structured operating framework enables management to reconcile short-term tactical decision-making with the long-term strategic requirements of the Group.

We operate one of the largest modern fleets in Russia, enjoying strong positions in key industrial segments. Our scale and reach means we can service our customers’ transport needs across the entire territories of Russia and the CIS countries. Our commercial focus is to maintain and further develop long-term relationships with our customers that provide them with cost-effective outsourcing solutions and enable us to extract maximum value from our fleet.

We work hard to maintain our reputation for efficiency and continuous improvement. Our consistent focus on operational efficiency enables us to operate with industry-leading Empty Run Ratio is calculated as the total of empty trips in kilometres by respective rolling stock type divided by total loaded trips in kilometres of such rolling stock type. Empty trips are only applicable to rolling stock operated (not including rolling stock in maintenance, purchased rolling stock in transition to its first place of commercial utilisation, rolling stock leased out or Engaged Fleet).
Empty Run Ratio
and provide a reliable service. These features together with a deep understanding of our customers’ businesses are our competitive advantage, helping us retain and expand our best-in-class customer base.

Our approach to investments remains opportunistic and disciplined and we respond to the opportunities in our industry through a combination of careful organic growth, investments in new value added niches within the freight rail market and selective M&A. We allocate our capital prudently, balancing between investments into attractive opportunities and capital returns to shareholders in the form of regular and special dividends. 

Having a strong balance sheet is fundamental to ensuring we can maintain our success through the economic cycle and remain flexible in managing changes to the business and market environment.

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Last updated: 24.10.2019