The net profit of the Russian metals giant Norilsk Nickel rose by 44% YoY, to $3.059 billion in 2018, as calculated under International Financial Reporting Standards (IFRS).
Revenue increased by 28%, to $11.67 billion, while earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 56%, to $6.231 billion. The EBITDA margin rose to 53% from 44% a year earlier. Net debt/EBITDA ratio fell to 1.1 as of the end of 2018.
The net working capital decreased by 60%, to $867 million, while free cash flow stood at $4.931 billion.
Capital expenditures fell by 22%, to $1.6 billion. (Prime/Ukrainian metal)