Brief: Russia's En+ Group 2019 net profit down 30% y/y

En+ MKPAO

27/03/2020 07:08

March 27 (Reuters) - Russian aluminium and hydropower group
EN+ says:
    * FY 2019 NET PROFIT DOWN 30% Y/Y TO $1.3 BILLION;
    * 2019 REVENUE DOWN 5.1% Y/Y TO $11.75 BILLION;
    * FY 2019 ADJUSTED EBITDA DOWN 35.3% Y/Y TO $2.1 BILLION;
    * NET DEBT STOOD AT $10.2 BILLION AT THE END OF 2019;
    * FREE CASH FLOW AT $1.6 BILLION AT THE END OF 2019;
    * WITHOUT AN IMPROVEMENT BEFORE APRIL IN UNDERLYING MARKET
CONDITIONS, IT IS UNLIKELY TO BE PRUDENT FOR EN+ TO RECOMMEND A
DIVIDEND FOR THE 2019 FINANCIAL YEAR;
    * CURRENT CONDITIONS MEAN THAT EN+ MAY NEED TO REVIEW ITS
CAPEX
FOR THIS YEAR.

 Further company coverage:  ENPLq.L 

 (Reporting by Moscow Newsroom)
 ((Polina.Devitt@thomsonreuters.com))