2018-07-31 14:21:13

Press release: Acron H1 2018 RAS Sales Profit Increases 28%

Acron H1 2018 RAS Sales Profit Increases 28% Today, Acron (Moscow Exchange and LSE ticker AKRN) has released its unconsolidated RAS financial statements for the first six months of 2018.

Key Financials

• Revenue was up 11% year-on-year to RUB 29,209 million (H1 2017: RUB 26,203 million)

• Sales profit was up 28% year-on-year to RUB 7,572 million (H1 2017: RUB 5,919 million)

• EBITDA* was up 24% year-on-year to RUB 10,007 million (H1 2017: RUB 8,085 million)

• EBITDA margin was 34% against 31% in H1 2017

• Net profit was RUB 498 million, including a foreign exchange loss of RUB 3,247 million and loss of RUB 548 million due to a mark-to-market revaluation of Acron’s financial investments. The adjusted net profit excluding these items was up 25% year-on-year to RUB 4,293 million (H1 2017: RUB 3,432 million).

*EBITDA is calculated as return on sales plus depreciation and amortisation.

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