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Dorogobuzh Releases 2015 IFRS Statements

Today, Dorogobuzh (a member of Acron Group) has released its audited consolidated 2015 IFRS financial statements.

Financial Highlights

  • Revenue was RUB 26,652 million, up 66% year-over-year (2014: RUB 16,102 million).
  • EBITDA* was up by a factor of 3.0 to RUB 11,989 million against RUB 4,040 million in 2014.
  • EBITDA margin was 45% against 25% in 2014.
  • Net profit was RUB 8,461 million, up by a factor of 14.1 year-over-year (2014: RUB 598 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.