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Dorogobuzh Releases RAS Financials for Q1 2012

Today Dorogobuzh (a company of Acron Group) released its unaudited RAS financials for Q1 2012.

Financial Highlights

• Revenue was RUB 4.45 billion, almost no change year-on-year (Q1 2011: RUB 4.47 billion)

• Sales profit was RUB 1.31 billion, down 18% year-on-year (Q1 2011: RUB 1.60 billion)

• EBITDA* was down 17% year-on-year to RUB 1.39 billion from RUB 1.67 billion in Q1 2011

• EBITDA margin was 31% down from 37% year-on-year

• Net profit for Q1 2012 was RUB 1.52 billion, down 14% year-on-year (Q1 2011: RUB 1.76 billion)

* EBITDA is calculated as operating profit (sales profit) plus depreciation and amortisation.

 Download FInancial Satements (in Russian)