OREANDA-NEWS. January 05, 2015. Approval of a 9M 2014 report on business plan completion

The Board of Directors has approved a 9M 2014 report on business plan (including investment program) completion. Key parameters are disclosed in the table below:

RUR mn    9М 2014 fact    2014 E
Revenues    43,813    59,272
Expenses    40,362    55,560
Net profit    1,584    1,583
EBITDA    5,721    7,203
 
Approval of Company's 2015 business plan and 2016-2019 forecast

The Board of Directors has approved Company's 2015 business plan (including investment program) and taken into account a 2016-2019 forecast. Key parameters of the business plan are disclosed in the table below:
RUR mn    2015 F    2016 F    2017 F    2018 F    2019 F
Revenues    60,994    63,746    66,165    69,043    72,504
Expenses    57,190    59,858    62,467    65,366    68,686
Net profit    1,393    1,401    963    844    876
EBITDA    7,241    7,783    7,522    7,603    7,880
Debt    12,854    12,328    12,353    12,343    12,364
 
Besides, the Board of Directors has approved personnel and social policy of the Company, alterations to the Regulations on insurance coverage for 2013-2015, action plan on the liquidation of injury-risk equipment, areas and mechanisms, elimination of injury risks, Company's Procurement Plan for 2015, etc.
 
For the full version of the BoD protocol, please, visit our corporate web-site (Section "BoD resolutions".