OREANDA-NEWS. Dorogobuzh (member of Acron Group) has released its unaudited RAS financial statements for Q1 2014.

Financial Highlights

Revenue totalled RUB 4,301 million, down 7% year-on-year (Q1 2013: RUB 4,611 million).

Sales profit was RUB 1,087 million down 21% year-on-year (Q1 2013: RUB 1,383 million).

EBITDA* was down 19% to RUB 1,201 million (Q1 2013: RUB 1,485 million).

EBITDA margin was 28%, against 32% year-on-year.

Net profit was RUB 789 million, down 36% year-on-year (Q1 2013: RUB 1,234 million).

EBITDA is calculated as operating profit plus depreciation and amortisation, profit (loss) from currency exchange and other non-cash and non-standard items.