Alrosa sees IFRS revenue drop 26% to 239 bln rubles in 2024; below consensus forecast

MOSCOW. Feb 28 (Interfax) - Alrosa saw consolidated revenue to International Financial Reporting Standards drop 26% year-on-year to 239.1 billion in 2024, the company said in a condensed and consolidated financial statement published on Friday.

Interfax's consensus forecast for the indicator was 255.2 billion rubles.

Cost of sales fell 11% to 157.5 billion rubles.

Net profit plunged 77% to 19.3 billion rubles.

Net debt jumped to 107.91 billion rubles in 2024 from 36.14 billion a rubles in 2023. Net debt/EBITDA rose to 1.37x at the end of 2024 from 0.26x at the end of 2023.