Today Dorogobuzh (a company of the Acron Group) released its audited IFRS consolidated financial statements for 2012.
Financial Highlights
• Revenue was RUB 15.23 billion, down 9% year-on-year (2011: RUB 16.73 billion).
• EBITDA* decreased 26% to RUB 4.58 billion, against RUB 6.18 billion in 2011.
• EBITDA margin was 30%, down from 37% in 2011.
• Net profit shrank 50% year-on-year to RUB 4.66 billion (2011: RUB 9.33 billion).
* EBITDA is calculated as operating profit plus depreciation and amortisation, profit (loss) from currency exchange and other non-cash and non-standard items.