ROS AGRO Reports Financial Results for 9M 2014 and Q3 2014
OREANDA-NEWS. ROS AGRO PLC (the "Company"), the holding company of Rusagro Group (the "Group"), a leading Russian diversified food producer with vertically integrated operations, has announced the financial results for the nine months ended 30 September 2014.
9M 2014 Highlights
Sales amounted to RR 41,386 million (USD 1,167 million (*)), an increase of RR 18,266 million compared to 9M 2013;
Adjusted EBITDA (**) amounted to RR 11,245 million (USD 317 million), an increase of
RR 8,277 million compared to 9M 2013;
Adjusted EBITDA margin increased from 13% to 27%;
Net profit for the period amounted to RR 12,617 million (USD 356 million);
Net debt position (***) as of 30 September 2014 was RR 3,936 million (USD 100 million);
Net Debt/ Adjusted EBITDA (LTM) (****) as of 30 September 2014 was 0.3x.
Commenting on the results, Maxim Basov, a member of the Board of Directors of ROS AGRO PLC and CEO of the Group, said:
"The Company performed well in all business segments. The Company expects to reach the highest annual EBITDA and net income in its history."
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