TMK says Q4 IFRS EBITDA rises 9% to $179 mln

MOSCOW, Mar 1 (PRIME) -- Earnings before interest, taxes, depreciation and amortization (EBITDA) of pipe producer TMK increased by 9% on the quarter to $179 million, while revenue grew 5% to $1.264 billion in October–December, as calculated under International Financial Reporting Standards, the company said on Friday.

The gross profit rose by 1% to $224 million, the EBITDA margin remained unchanged at 14%, it said in a statement.

For the whole year, EBITDA rose by 16% to U.S. $700 million.

Revenue grew 16% to $5.099 billion, the gross profit 5% to $916 million, the EBITDA margin remained at 14% in 2018.

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

https://www.tmk-group.com/PressReleases/show/1118

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