Today, Dorogobuzh (member of Acron Group) has released its audited consolidated 2013 IFRS financial statements.
Financial Highlights
• Revenue was RUB 17,497 million, up 15% year-on-year (2012: RUB 15,227 million).
• EBITDA* increased 1% to RUB 4,611 million against RUB 4,581 million in 2012.
• EBITDA margin was 26% against 30% in 2012.
• Net profit was RUB 4,083 million, down 12% year-on-year (2012: RUB 4,662 million).
* EBITDA is calculated as operating profit adjusted to depreciation of fixed and intangible assets, Forex gains or losses, and other non-monetary and non-core items.