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Dorogobuzh Releases Q1 2014 IFRS Consolidated Statements

Today Dorogobuzh (a company of Acron Group) has released its unaudited IFRS consolidated condensed financial statements for Q1 2014.

Financial Highlights
• Revenue totalled RUB 4,301 million, down 7% year-on-year (Q1 2013: RUB 4,633 million)
• EBITDA* decreased 26% to RUB 1,125 million (Q1 2013: RUB 1,516 million)
• EBITDA margin was 26%, down from 33% year-on-year.
• Net profit was RUB 768 million, down 38% year-on-year (Q1 2013: RUB 1,237 million).

* EBITDA is calculated as operating profit adjusted for depreciation of fixed and intangible assets, Forex gains or losses, and other non-monetary and non-core items.

Full version of financial statements is available at

Download statement (495 kb)