Element Group, together with development institutions, is preparing to launch an investment fund of up to ₽10 billion in the first half of 2025 and counts on state support measures. Fund will work on a buy&build model, i.e. to develop Element's own competencies and strengthen them through the acquisition of individual companies or teams.

Element has reached an agreement with United Aircraft Company to supply microcontrollers, memory chips, power transistors and other components for the production of SSJ 100 and MS-21 airplanes. Contract worth more than ₽2 billion will allow Element to load up its capacity.

Element Group does not rule out attracting local partners to finance the company's entry into certain foreign markets, said Ilya Ivantsov, President of Element. In many countries the issue of localization is as acute as in Russia. These markets company will enter through the creation of development centers - independently or with the involvement of local par...

Element's IFRS net profit for 6 months of 2024 amounted to ₽3.8 billion, up 11.8% from ₽3.4 billion in the previous year. Revenue rose 29.2% to ₽19.9 billion versus ₽15.4 billion a year earlier.