ALROSA announces FY2014 IFRS results

In 2014, ALROSA revenue increased by 23 per cent Y-O-Y and amounted to RUB 207.2 billion. EBITDA grew by 36 per cent Y-O-Y and reached RUB 93.9 billion with EBITDA margin going up to 45 per cent.

ALROSA recorded a net loss of RUB 16.8 billon for the year due to increased FX loss as the result of revaluation of the US-denominated part of the debt portfolio following the ruble depreciation in 2014.

Free cash flow in 2014 increased by 2.6 times Y-O-Y and amounted to RUB 44.8 billon as the result of the ruble depreciation against the US dollar, higher operating profit and reduced capital expenditures.