Acron (“Acron” or “the Company”; RTS, MICEX and LSE: AKRN) today announces its RAS-based results for 2008.
Non-consolidated RAS Financial Results for 2008
• Revenues grew 75% year-on-year reaching RUB 28,747 million against RUB 16,388 million in 2007.
• Operating profit worked out at RUB 14,951 million, a 148% growth year-on-year (2007: RUB 6,024 million).
• EBITDA* increased 142% year-on-year to RUB 15,294 million (2007: RUB 6,315 million).
• EBITDA margin was 53 % - up from 39% in 2007.
• Net profit totaled RUB 987 million, including loss of RUB 8,188 million due to mark-to-market revaluation of Acron’s financial investment. Net profit before revaluation grew 120% to RUB 9,175 million against RUB 4,170 million in 2007.
Consolidated RAS Financial Results for 2008
• Revenues were up 46% year-on-year reaching RUB 45,105 million against RUB 30,876 million in 2007.
• Operating profit totaled RUB 19,086 million, a 124% growth year-on-year (2007: RUB 8,527 million).
• EBITDA* increased 117% year-on-year to RUB 19,857 million (2007: RUB 9,171 million).
• EBITDA margin was 44 % - up from 30% in 2007.
• Net profit totaled RUB 771 million, including loss of RUB 9,561 million due to mark-to-market revaluation of Acron’s financial investment. Net profit before revaluation grew 83% to RUB 10,332 million against RUB 5,651 million in 2007.
*EBITDA is calculated as operating profit plus depreciation and amortization.
Download Consolidated Financial Statements