Ru En

Acron’s Q1 2019 RAS Net Profit Increase 10 Times

30 April 2019

Today, Acron (MOEX and LSE: AKRN) has released its non-consolidated RAS financial statements for the first quarter of 2019.

Key Financials

Revenue was up 34% year-on-year to RUB 19,876 million (Q1 2018: RUB 14,826 million)
Sales profit was up 79% year-on-year to RUB 7,070 million (Q1 2018: RUB 3,947 million)
EBITDA* was up 63% year-on-year to RUB 8,392 million (Q1 2018: RUB 5,136 million)
EBITDA margin was 42% against 35% for Q1 2018
Net profit increased 10 times year-on-year to RUB 7,009 million (Q1 2018: RUB 692 million).

* EBITDA is calculated as sales profit plus depreciation and amortisation of fixed and non-tangible assets.

RAS Statements, 3 months (in Russian) pdf, 322.2 Kb