Today Dorogobuzh (a company of Acron Group) released audited consolidated RAS financial statements for 2011.
Financial Highlights
• Revenue totalled RUB 16.74 billion, up 44% year-on-year (2010: RUB 11.66 billion).
• Sales profit increased by factor 2.5 year-on-year to RUB 6.31 billion (2010: RUB 2.55 billion).
• EBITDA* more than doubled to reach RUB 6.62 billion against RUB 2.85 billion in 2010.
• EBITDA margin was 40% (2010: 24%).
• In 2011, net profit more than doubled to reach RUB 6.25 billion against RUB 2.86 billion in 2010.
*EBITDA is calculated as sales profit plus depreciation and amortisation of intangible assets.