The Ukrainian Metal

Russia: Nornickel net profit down in 2023

In 2023, Norilsk Nickel net profit plummeted by 51% YoY, to $2.87 billion.

EBITDA dropped by 21%, to $6.9 billion.

Revenue fell by 15%, to $14.4 billion.

Capex decreased by 29%, to $3 billion due to the weakening of the Russian currency. (Ukrainian metal)

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