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Acron Releases Q1 2021 RAS Statements

Today, Acron (MOEX and LSE: AKRN) has released its non-consolidated RAS financial statements for the first quarter of 2021. 

Key Financials

  • Revenue was up 62% year-on-year to RUB 24,122 million (Q1 2020: RUB 14,920 million)

  • Sales profit was up 4 times year-on-year to RUB 9,661 million (Q1 2020: RUB 2,405 million)

  • EBITDA* was up 2.9 times year-on-year to RUB 10,970 million (Q1 2020: RUB 3,809 million)

  • EBITDA margin was 45% against 26% in Q1 2020

  • Net profit was RUB 5,604 million against loss of RUB 10,174 million in Q1 2020.

*EBITDA is calculated as sales profit plus depreciation and amortisation of fixed and non-tangible assets.