28 Mar 2019 16:29

En+ EBITDA grew 2% to $3.3 bln in 2018, net debt fell 9% to $11.1 bln

MOSCOW. March 28 (Interfax) - The adjusted EBITDA of the En+ Group grew 2% to $3.3 billion in 2018, the company said.

The adjusted EBITDA margin was 37.3%, up from 35.5% a year earlier.

Revenue also increased 2% to $12.4 billion. Net profit grew 33% to $1.9 billion.

The group's free cash flow (FCF) fell 30% compared to 2017 to $877 million. En+ said that this was prompted by a 60% reduction in Rusal's operating cash flow, while in the energy sector, this indicator grew 9%.

The net debt of the group, which consists of Rusal and EuroSibEnergo, fell 9% to $11.1 billion.

The overall CAPEX for En+ Group totaled $1.015 billion, up 2.5% compared with the previous year, including CAPEX of $181 million for the energy sector, up 22%, and $834 million in CAPEX for Rusal, level with 2017 figures.