Moscow - The Board of Directors of PhosAgro ( PhosAgro or the Company ) (Moscow Exchange, LSE: PHOR), one of the world s leading vertically integrated phosphate-based fertilizer producers, has re-elected Independent Director Xavier Rolet as its Chairman at its first meeting following the Annual General Meeting of shareholders (AGM). The Board of Directors also re-elected as its Deputy Chairman Andrey G. Guryev, Vice President of the Russian Chemists Union.
At the meeting, the Board of Directors also appointed the chairs and members of the Board Committees. The Audit Committee will again be chaired by Marcus Rhodes, Independent Director and PhosAgro Board of Directors Member. James Rogers, Independent Director and Member of the Board of Directors, will lead the Remuneration and Human Resources Committee. The Strategy Committee will be chaired by Sven Ombudstvedt, Independent Director and Member of the Board of Directors. The Environmental, Health and Safety Committee will b
EBITDA Increases 65% Year-on-Year to Over RUB 34 Billion
Moscow - PhosAgro ( PhosAgro or the Company ) (Moscow Exchange, LSE: PHOR), one of the world s leading vertically integrated phosphate-based fertilizer producers, today announces its consolidated IFRS financial results for the first quarter (1Q) of 2021.
Revenue for 1Q 2021 increased by 36.7% year-on-year to RUB 87.6 billion (USD 1.2 billion), driven by to improvements in the pricing environment, higher sales volumes and changes in exchange rates.
EBITDA increased by 65.4% year-on-year to RUB 34.3 billion (USD 461 million) thanks to higher global fertilizer prices. EBITDA margin for the quarter rose to 39.2%.
Free cash flow in 1Q 2021 amounted to RUB 15.2 billion (USD 205 million), a decrease of 16.6% year-on-year but a more than fivefold increase from 4Q 2020.