Committed to growth

Performance review
Group performance
Financial highlights for 2015
Sales
(US$m)
Gross profit
(US$m)
EBITDA
(US$m)
Cash for operations
(US$m)
Net debt/LTM 1 EBITDA 2
5,088
4,540
2,014
1,977
1,513
1,577
964
1,064
1.77x
1.97x
2014
2015
-11%
change
Y-o-Y
2014
2015
-2%
change
Y-o-Y
2014
2015
+4%
change
Y-o-Y
2014
2015
+10%
change
Y-o-Y
2014*
2015*
* To 31 December.
1
Last twelve months.
2
Including net income
from associates and
joint ventures.
Sales
EuroChem Group AG consolidated sales for
the twelve months ended 31 December 2015
amounted to US$4.54 billion, as compared
to US$5.09 billion in 2014. Despite additional
sales volumes, the decline in sales followed
the significant deterioration in fertilizer prices
with urea, AN, and DAP each falling 14%,
21% and 2% year-on-year from their
respective 2014 averages. With an average
price of US$56/tonne, iron ore was down
44% year-on-year and contributed
considerably less to Group sales than
over the same period last year.
Total sales
US$m 2015 2014
% change
Y-o-Y
Nitrogen 1,919 2,322 (17%)
Phosphates 1,937 2,185 (11%)
Potash – – n/a
Distribution 2,384 2,315 3%
Other 637 940 (32%)
Elimination (2,336) (2,675) n/a
Total 4,540 5,088 (11%)
“Our advanced, cost-efficient and flexible
production capacity is underpinned by abundant,
world-class reserves. We also have logistics and
distribution assets that provide us with economies
of scale, enhancing our cost competitiveness.”
Dmitry Strezhnev
Chief Executive Officer
16 EuroChem Annual Report and Accounts 2015