ALROSA reports Q1 IFRS results

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Q1 2015 ALROSA revenue increased by 31% y-o-y and amounted to RUB 74.6 bn. EBITDA grew by 65% y-o-y and reached RUB 42.9 bn with EBITDA margin going up to 57%.

Net profit in Q1 2015 grew 3.7x y-o-y and amounted to RUB 22.2 bn.

Free cash flow in Q1 2015 increased by 58% y-o-y and amounted to RUB 31.8 bn due to higher operating profit.

Cash and cash equivalents in Q1 2015 grew 2.5x y-o-y and amounted to RUB 54.2 bn after liquidity was generated for bond redemption and dividend payment in 2015.

Andrey Zharkov, OJSC ALROSA CEO, commented: “Q1 2015 results were mainly driven by a favorable FX market environment. Diamond market in Q1 2015 was less active compared with Q1 2014 due to a lower demand for rough diamonds from Indian cutters and polishers. The fundamental factors remain positive in terms of demand for diamond jewelry.”

This page was last updated on 04 June 2015 at 09.03