Norilsk Nickel IFRS net profit rises 44% to $3.059 bln in 2018

MOSCOW, Feb 26 (PRIME) -- The net profit of Russian metals giant Norilsk Nickel rose 44% to U.S. $3.059 billion in 2018, as calculated under International Financial Reporting Standards (IFRS), the company said on Tuesday.

Revenue increased 28% to $11.67 billion, while earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 56% to $6.231 billion. The EBITDA margin rose to 53% from 44% a year earlier. Net debt/EBITDA ratio fell to 1.1 as of the end of 2018.

The net working capital decreased 60% to $867 million, while free cash flow stood at $4.931 billion.

Capital expenditures fell 22% to $1.6 billion.

For further details, please, see the company’s report on its official website:

https://www.nornickel.com/upload/iblock/b96/FY2018_consolidated_IFRS_financial_results_FULL.pdf

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