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Akron PAO (AKRN.MM)

AKRN.MM on Moscow Interbank Currency Exchange

3,325.00RUB
25 Apr 2017
Change (% chg)

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руб3,325.00
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5,585
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руб3,900.00
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руб2,464.00

Latest Key Developments (Source: Significant Developments)

Acron sees commercial output up 12% in 2017
Monday, 3 Apr 2017 09:49am EDT 

Acron : Says commercial output is expected to increase by 12 pct to 7.3 million tonnes in 2017 - presentation .Says first ore batch from Oleniy Ruchey underground mine is expected in 2017 - presentation.  Full Article

Russia's Acron FY 2016 EBITDA down 27% to RUB 29.86 bln
Monday, 3 Apr 2017 04:08am EDT 

Acron : Acron's 2016 IFRS net profit up 53 percent . FY 2016 net profit increased 53 percent year-on-year to 25,525 million roubles (USD 381 million) . FY 2016 revenue was down 3 percent year-on-year to 89,359 million roubles (USD 1,333 million) (2015: 92,019 million r roubles) . Says 2016 EBITDA decreased 27 percent to 29,856 million roubles (USD 445 million) (2015: 40,978 million roubles) . FY 2016 net debt was up 1 percent to 51,949 million roubles(31 December 2015: 51,185 million roubles) . Says 2016 EBITDA margin was 33 percent, down from 45 percent year-on-year .FY 2016 net profit was heavily influenced by a foreign exchange gain from revaluation of the group's foreign currency obligations and proceeds upon the disposal of portfolio investments.  Full Article

Acron signs agreements on supply of mineral fertilizers for 2017
Tuesday, 28 Mar 2017 04:18am EDT 

Acron : Signs 12 agreements with Regional Departments Of Agriculture on supply of mineral fertilizers for 2017 .Plans to deliver more than 500,000 tonnes of ammonium nitrate and about 300,000 tonnes of NPK.  Full Article

Acron unit acquires distribution and logistics complex in Rostov region
Wednesday, 15 Mar 2017 03:13am EDT 

Acron : Says its unit acquires distribution and logistics complex in Rostov region . Its unit, Agronova, has acquired a company which owns warehouse complex for storage of mineral fertilizers of 20,000 tons in the Rostov region . It will increase the group's storage capacity to 189,000 tonnes Further company coverage: [AKRN.MM] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Russia's Acron says 9-month net profit up 2 pct yr/yr
Monday, 9 Jan 2017 02:59am EST 

Acron says: 9-month net profit up 2 percent year on year to 14.54 billion roubles ($242.65 million); . 9-month EBITDA down 26 percent year on year to 22.35 billion roubles; . 9-month revenue down 3 percent year on year to 66.79 billion roubles; .Expects its Russian facilities to ramp up production and boost sales to over 7 million tonnes in 2017..  Full Article

Russia's Acron says not planning to sell stake in Poland's Azoty
Tuesday, 6 Dec 2016 11:27pm EST 

Acron : Not planning to sell its remaining stake in Polish group Azoty - Alexander Popov, Acron board chairman, told Reuters on the sidelines of a metals and mining conference in Moscow; . "We have this stake on hold for now," Popov said; . The company does not want to sell its potash assets in Canada; . "We're not selling, we're going to develop these assets," Popov said, referring to Acron's subsidiary North Atlantic Potash Inc. Further company coverage: [AKRN.MM] (Reporting by Svetlana Burmistrova) ((moscow.newsroom@thomsonreuters.com)).  Full Article

Acron plans to boost production by 14% in 2016, will increase capacities
Tuesday, 6 Dec 2016 11:27am EST 

:. Russia's fertilisers maker Acron expects to increase its commercial output by 14 percent in the current year and is ready to invest in expanding of production, chairman of the board of directors Aleksandr Popov said .. In 2015 Acron decreased mineral fertilisers output by 1.5 percent year-on-year to 5.015 million tonnes due to repair and modernisation of its factories .. Acron's Russian capacities are now exceeding 100 percent, Popov said .. In 2017 Acron expects to increase its commercial output by 11 percent .. "Namely investments in modernisation of production have helped us to maintain revenue and profitability during the crisis. We need to invest in the production of high-margin products", Popov said at an industry conference organised by Sberbank CIB For further company coverage [AKRN.MM] For the story in Russian, click [nL5N1E14QQ] (Reporting by Sveta Burmistrova, writing by Natalya Shurmina, translated by Gdynia newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Acron completes placement of RUB 5 bln bonds in full
Thursday, 6 Oct 2016 10:10am EDT 

Acron :Says completes placement of 5 billion rouble ($80.33 million) BO-001R-01 series bonds in full.  Full Article

Acron sets first coupon rate for BO-001R-01 series bonds
Friday, 30 Sep 2016 02:32am EDT 

Akron :Sets first coupon rate for its BO-001R-01 series bonds at 9.55 percent per annum.  Full Article

Acron sets final coupon benchmark rate for RUB 5 bln bonds at 9.55%
Thursday, 29 Sep 2016 11:47am EDT 

:. Acron sets final coupon benchmark rate for its 5 billion rouble ($79.43 million) BO0-001R-01 series bonds at 9.55 pct per annum, corresponding to yield rate of 9.78 pct per annum For further company coverage [AKRN.MM] For the story in Russian, click [nL8N1C53YX] ($1 = 62.9462 roubles) (Reported by Elena Orekhova, translated by Gdynia newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

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