Corporate annual report of 2021

The year 2021 was rather ambivalent and contradictory, but with it came the first signs that a global economy is about to restart. Various global issues have set transport manufacturers with non-trivial challenges to adapt their internal processes, as industry had to deal with components shortage and interruptions in supply chains. Nevertheless, the recovery of growth in the global economy has led to a recovery in demand for commercial vehicles.

Grunwald responded to new challenges successfully and proved that the company can effectively sustain and develop production even in challenging circumstances. Our strategy led us to significant annual results.

Our carefully developed operational policy proved to be infallible, making the past year one of the most successful for the company. Grunwald showed strong sales growth of 50.6%.

Sales growth, among other things, can be attributed to a well-balanced model line-up, great focus on customers, trade-in and leasing programs. For the first time, the company came in second place among Russian semi-trailer manufacturers. The growth rate of the company's developement has significantly outpaced the growth of the market.

The Grunwald brand is the absolute number one in the tipper semi-trailer segment with a market share of 34%, which is twice as high as the closest competitors. In container semi-trailer segment, the Grunwald brand holds second place with a 49% annual increase in sales volumes.

2021 saw the establishment of closer relations between Grunwald and major truck manufacturers such as Volvo Trucks, Renault Trucks, SСANIA CV AB, MAN, IVECO, FORD Trucks. The production output and sales rate of tipper superstructures saw an increase by 62%.

Last year was marked by several great achievements in export. For the first time, the number of export shipments grew to triple-digits. The company made deals to open new representatives in the EU countries and found new clients in Armenia and African countries. Grunwald management reports an increase in the effectiveness of interaction as well as growing mutual trust with customers in foreign markets. The shipment geography of Grunwald semi-trailers and superstructures is becoming more and more global.

The company's financial indicators have established and remain consistently high, which makes it possible to invest more funds in expanding production and specialist training. The goal of the company is to implement the growth triggers set in past to the fullest extent possible.