20 Mar 2015
Moscow – Russian gas processing and petrochemicals major Sibur has reported a 34-percent rise in its revenue year-on-year and a 30-percent rise in its earnings before interest, tax and amortisation (EBITDA).
“Our synthetic rubber business remained under significant pressure on the back of persistently negative market environment for our synthetic rubber grades resulting in a decrease of revenue by 14.1 percent year-on-year to RR 27.8 billion (€437 million),” said Sibur.
The company added that rouble depreciation positively affected its revenue and earnings as sale prices for the majority of its products are primarily linked to international commodity benchmark prices quoted in in dollars and euros. Operational expenses are predominantly denominated in roubles.
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