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Acron Releases 2019 RAS Statements

Today, Acron (Moscow Exchange and LSE: AKRN) has released its audited unconsolidated RAS financial statements for 2019.

Key Financials
  • Revenue was down 24% year-on-year to RUB 67,754 million (2018: RUB 67,754 million)
  • Sales profit was down 23% year-on-year to RUB 17,588 million (2018: RUB 22,744 million)
  • EBITDA* was down 17% year-on-year to RUB 22,996 million (2018: RUB 27,602 million)
  • EBITDA margin was 34% against 41% in 2018
  • Net profit was up 81% year-on-year to RUB 19,531 million (2018: RUB 10,810 million)
* EBITDA is calculated as return on sales plus depreciation and amortisation.