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ALROSA reports 2015 IFRS results

ALROSA’s 2015 revenue totaled RUB 224.5 bn, up 8% y-o-y. Despite a 24% decline in sales volumes in 2015, the favorable FX market environment contributed to the strong 2015 financial results. EBITDA grew by 26% and totaled RUB 118.5 bn, with EBITDA margin going up to 53%. Net income totaled RUB 32.2 bn as compared to net losses of RUB 16.8 bn in 2014.

Andrey Zharkov, CEO of PJSC ALROSA, commented: “After a decline in rough diamond market activity in 2H 2015, we note signs of
recovering market demand for the Company’s main products. ALROSA’s strong FY 2015 financial results were supported by both sales favorable FX market environment and the Company’s cost control initiatives.”

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