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Acron releases 1Q21 financial results

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World Fertilizer,

Acron Group has released its non-consolidated RAS financial statements for 1Q21.

Revenue was up 62% year-on-year to RUB24 122 million (1Q20: RUB14 920 million).

Sales profit was up 4 times year-on-year to RUB9661 million (1Q20: RUB2405 million).

EBITDA was up 2.9 times year-on-year to RUB10 970 million (1Q20: RUB3809 million).

EBITDA margin was 45% against 26% in 1Q20.

Net profit was RUB5604 million against a loss of RUB10 174 million in 1Q20.

Read the latest issue of World Fertilizer in full for free: April 2021

The April issue of World Fertilizer begins with a regional report that examines the opportunities and challenges currently facing Latin America’s fertilizer industry. The remainder of the issue is dedicated to a range of technical articles covering ammonia, blending and bagging, plant design, fertilizer cargo measurement and fertilizer storage. Our World Review of fertilizer projects in Africa and the Middle East, Asia Pacific, Europe and CIS and the Americas rounds off the issue.

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