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.”