OREANDA-NEWS. May 6, 2010. Dorogobuzh (a member of Acron Group) released its RAS consolidated financial statements for 2009.

RAS Financial Highlights for 2009

• Dorogobuzh’s revenue totalled RUB 10,021 million which is almost equal to RUB 10,016 million in 2008.

• Sales profit was down 39% year-on-year to RUB 2,282 million, against RUB 3,733 million in 2008.

• EBITDA* declined 35% to RUB 2,505 million, against RUB 3,880 million in 2008.

• EBITDA margin was 25%, against 39% in 2008.

• Dorogobuzh’s net profit in the reporting period totalled RUB 3,557 million. The net profit was influenced by a RUB 1,963 million mark-to market revaluation of financial investments. Dorogobuzh’s net profit exclusive of the financial investments revaluation declined 46% year-on-year to RUB 1,595 million, against RUB 2,973 million in 2008.

* EBITDA is calculated as operating profit (sales profit) plus depreciation and amortisation.