Analysis of financial resultsBased on the audited RAS financial statements for 2016 and 2017; the statements and the auditor report are available on Russian Railways’ website at: http://ir.rzd.ru/static/public/ru?STRUCTURE_ID=32#3.
Vadim Mikhailov First Deputy CEO of Russian RailwaysThe strong commitment and impressive performance of many thousands of the Company’s employees helped us make 2017 a year of success. We have outperformed all our financial and volume targets for 2017. The Company’s RAS net profit increased 2.7 times (vs RUB 6.5 bn in 2016) and amounted to RUB 17.5 bn.
RUSSIAN RAILWAYS' PERFORMANCE IN 2017
Handling
+3.2%
y-o-y +0.6% vs target
1,261.3 mt Income from freight transportation
+7.8%
y-o-y + RUB 15.6 bn vs target
RUB 1,352.8 bn Overhaul
+16.7%
y-o-y – RUB 3.6 bn vs target
RUB 84.3 bn Total freight turnover
+6%
y-o-y +0.7% vs target
3,176.7 bn tkm Cost of transportation
+0.9%
y-o-y –1.4% vs target
EBITDA
+12.1%
y-o-y + RUB 0.9 bn vs target
RUB 353.9 bn Transportation expenses
+6.6 %
y-o-y –0.7% vs target
RUB 1,381.8 bn Labour productivity
+9.2 %
y-o-y +1.5 pp vs target
Net debt / EBITDA
–0.2 х
vs target2.8х (RAS)
Sales profit
RUB
140
bn
(+19.5% y-o-y)
Net profit
RUB
17.5
bn
+ RUB 11.0 bn y-o-y
+ RUB 14.5 bn vs target
RUB 23.1 bn + RUB 14.5 bn vs target
(excl. FX effects)
+ RUB 31.6 bn y-o-y
+ RUB 9.6 bn vs target
+ RUB 9.6 bn vs target