Moscow, May 25, 2017 – PJSC ALROSA, the global leader in rough diamond production, reports Q1 2017 IFRS results.
ALROSA’s Q1 2017 revenue totaled RUB 84.8 bn up 38% q-o-q and down 17% y-o-y.
EBITDA totaled RUB 35.2 bn, with EBITDA margin totaled 42%. Net income totaled RUB 22.7 bn.
Free cash flow totaled RUB 34.6 bn up 4.7 times q-o-q and down 42% y-o-y.
“In Q1 2017, we delivered better results compared to late 2016, due to the recovery of demand from Indian rough diamond consumers after a temporary decline caused by the monetary reform. The Company’s margins were affected by the rouble appreciation. But what I would like to emphasize here is the success of our cost control programme, which ensured a minimum increase in our production costs”, – said Sergey Ivanov, Chief Executive Officer of PJSC ALROSA.