OREANDA-NEWS. Dorogobuzh (member of Acron Group) has released its audited consolidated 2013 IFRS financial statements.

Financial Highlights

Revenue was RUB 17,497 million, up 15% year-on-year (2012: RUB 15,227 million).

EBITDA* increased 1% to RUB 4,611 million against RUB 4,581 million in 2012.

EBITDA margin was 26% against 30% in 2012.

Net profit was RUB 4,083 million, down 12% year-on-year (2012: RUB 4,662 million).

EBITDA is calculated as operating profit adjusted to depreciation of fixed and intangible assets, Forex gains or losses, and other non-monetary and non-core items.