Delo Management Company, the parent company of Delo Group, has prepared consolidated financial results for 2020 in accordance with the IFRS standards and for the first time disclosed selected consolidated financial indicators for the year.
Revenue made 122.7 bn rubles ($1.7 bn), EBITDA 31.3 bn rubles ($429.2 mn), net debt amounted to 134.3 bn ($1.8 bn), and the net debt / EBITDA was 4.3x.
«The practice of disclosing key financial indicators of Delo Group will now become permanent. This is logical, since in 2020 the Group began to work as a whole. We have completed the consolidation of 100% of the shares of TransContainer, it has been effectively integrated into the general system of the Group’s activities, and we see noticeable synergistic effects within the holding. The first relevant comparison of the results presented today can be carried out only at the end of 2021, but the intermediate results that we see show the correctness of the chosen strategy of the Group», Igor Yakovenko, CEO of Delo Group, said.