Last year VSMPO-Avisma increased titanium sales by 14% YoY.
The company revenue dropped by 4.9%, to 72.435 billion rubles, with net profits down by 28%, to 19.138 billion rubles.
The main factor of the decrease was the strengthening of the ruble, resulting in the drop in export revenue in rubles by 9%. EBITDA decreased by 22%.
The corporation is one of the largest taxpayers in Sverdlovsk region. Last year it paid 6.954 billion rubles of taxes. (Ukrainian metal)