Today Dorogobuzh (a company of Acron Group) released audited consolidated RAS financial statements for 2010.
Consolidated RAS Financial Highlights in 2010
• Revenue totalled RUB 11,660 million, up 16% year-on-year (2009: RUB 10,021 million).
• Sales profit increased 12% year-on-year to RUB 2,550 million (2009: RUB 2,282 million).
• EBITDA* was up 14% year-on-year to RUB 2,846 million (2009: RUB 2,505 million)
• EBITDA margin was 24%.
• In 2010 net profit was RUB 2,856 million, including gain of RUB 445 million affected by mark-to-market revaluation of Dorogobuzh’s financial investments (including securities sold). Therefore, net profit before revaluation increased 51% year-on-year to RUB 2,410 million against RUB 1,595 million in 2009.
* EBITDA is calculated as operating profit (sales profit) plus depreciation and amortisation of intangible assets.