Non-profit organizationRussian Fertilizers Producers Association
Russian FertilizersProducers Association
Acron Group IFRS Revenue up 9% in H1 2024
27.08.2024
| News
Key Financials
- Revenue increased 9% year-on-year to RUB 95,700 million (H1 2023: RUB 87,957 million). In US dollar terms, revenue decreased 8% to USD 1 055 million from USD 1 144 million.
- EBITDA* was RUB 31,191 million, down 15% year-on-year (H1 2023: RUB 36,783 million), in US dollar terms, it dropped 28% to USD 344 million from USD 478 million.
- EBITDA margin decreased to 33% from 42% in H1 2023.
- Net Profit was down 2% to RUB 18,678 million from RUB 19,043 million in H1 2023. In US dollar terms, it decreased 17% to USD 206 million from USD 248 million.
- In Q2 2024 Acron Group bought back 10% of VPC shares from the partner bank. Totally in H1 2024 Acron Group have raised its stake in the Talitsky project to 90% + 1 share. Due to that, its Net Debt for H1 2024 increased to RUB 93,185 million (USD 1 087 million) from RUB 25,098 million (USD 280 million) as of the 31 December 2023.
- In H1 2024, Net Debt/EBITDA was 1.48, up from 0.37 year-on-year. In US dollar equivalent, the ratio was 1.62, up from 0.35.
Operating Results
- Output of main products was 4.135 million tonnes, down 4% year-on-year.
- Sales of main products totalled 4.288 million tonnes, up 2% compared to H1 2023.
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