Today, Acron Group (Moscow Exchange: AKRN) released its consolidated IFRS financial statements for H1 2023.

Key Financials

  • H1 2023 revenue was RUB 87,957 million (USD 1,144 million), down 40% year-on-year (H1 2022: RUB 147,529 million, or USD 1,934 million).
  • H1 2023 EBITDA* was RUB 36,783 million (USD 478 million), down 55% year-on-year (H1 2022: RUB 81,439 million, or USD 1,067 million).
  • EBITDA margin was down to 42%, against 55% year-on-year.
  • H1 2023 Net profit was RUB 19,043 million (USD 248 million), down 74% year-on-year (H1 2022: RUB 74,330 million, or USD 974 million).
  • Net debt was down 19% to RUB 31,988 million, against RUB 39,424 million as of 31 December 2022. In US dollar equivalent, net debt was down 34% to USD 368 million from USD 560 million.
  • Net debt/LTM EBITDA** denominated both in roubles and US dollars was 0.3, unchanged from 2022 end.

Operating Results

  • Output of key products was 4.300 million tonnes, up 6% year-on-year.
  • Sales of key products totalled 4.208 million tonnes, up 1% year-on-year.

Attachments

Disclaimer

Acron OAO published this content on 28 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 August 2023 12:40:09 UTC.