Today, Acron Group (Moscow Exchange: AKRN) has released its consolidated IFRS financial statements for 9M 2023.

Key Financials

  • Revenue was RUB 130,533 million (USD 1,579 million), down 34% year-on-year (9M 2022: RUB 197,462 million or USD 2,796 million).
  • EBITDA* was RUB 51,784 million (USD 626 million), down 51% year-on-year (9M 2022: RUB 105,761 million or USD 1,498 million).
  • EBITDA margin decreased to 40% from 54% last year.
  • Net Profit was RUB 25,637 million (USD 310 million), down 70% year-on-year (9M 2022: RUB 86,318 million or USD 1,222 million).
  • Net Debt as of 30 September 2023 was down 15% to RUB 33,603 million against RUB 39,424 million as of 31 December 2022. In US dollar equivalent, Net Debt was down 38% to USD 345 million from USD 560 million.
  • Net Debt/LTM EBITDA** as of 30 September 2023 was 0.4, up from 0.3 as of 31 December 2022. In US dollar equivalent, the ratio was 0.3, unchanged.

Operating Results

  • Output of key products was 6.271 million tonnes, up 1% year-on-year.
  • Sales of key products totalled 6.340 million tonnes, down 1% year-on-year.

Attachments

Disclaimer

Acron OAO published this content on 28 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 November 2023 14:18:13 UTC.