• Twitter
  • Facebook
  • Instagram
  • Subscribe
  • Free Newsletter
  • My Account
Tyrepress
  • 0Shopping Cart
  • NewsNews
    • Latest News
    • Company News
    • UK News
    • Product News
    • International News
    • Retreading
    • Career Tracks
    • Motorsport
    • Video
    • Tyrepress Videos
  • Data
    • Leading Tyre Manufacturers
    • Leading Retailers (UK)
    • Social Media Ranking
    • Online Branding
    • Brand Finance rankings
    • Blue Light Fleet Analysis
    • Astutus Research analysis
    • Premium Report
  • Features
    • TPMS and Sensor Technology 2021
    • Tyre Industry Conference 2020
    • Online Tyre Business 2020
    • Aftermarket 2020
    • Tyre Recycling 2020
    • Kick-starting your business webinar May 2020
  • Business Directory
    • Browse Entries
    • List Your Company on the Business Directory
  • Jobs
    • Situations vacant
    • Career Tracks
  • Classifieds
  • Magazine
    • Latest Issue
    • Read Tyres & Accessories Magazine online
    • Magazine Archive
  • Shop
    • Subscription Shop
    • Report Shop
    • Directory Shop
  • About
    • Company Profile
    • Media Information
    • Frequently Asked Questions (FAQs)
    • Legal
    • Contact Us
  • Search
  • Menu
You are here: Home1 / News2 / Product News3 / Yaroslavl Reports Operating Results

Yaroslavl Reports Operating Results

Date: 7th June 2005 Author: Admin Comments: 0

JSC Yaroslavsky Tire Works in Yaroslavl’, one of Russia’s largest tyre manufacturers and a part of Sibur holding, has released full-year 2004 and first quarter 2005 financials. The results show that, once again, although the company’s output dropped its profitability has actually increased. 2004 sales fell 30 per cent year-on-year to $95 million, while operating profit dropped 17 per cent to $2.5 million.

During the same period EBITDA declined 4.6 per cent to $5.9 million, while net loss widened from $0.7 million to $6 million. The negative financial performance may be attributed primarily to the restructuring of Sibur’s tyre business and secondly, to Yaroslavsky’s transition to tolling arrangements in 2004.

First-quarter results show a marked improvement in profitability on the back of continued decline in sales. Sales fell 24 per cent year-on-year to $24 million. However, EBITDA grew an impressive 50 per cent to $2 million, operating profit grew 2.7 times to $2.35 million, and net profit rose by a factor of 4.3 to $0.8 million. As a result, CentreInvest analysts put their recommendation and fair price for Yaroslavsky under review.

Related news:

  1. 35 per cent OP Increase at Conti – Analysts Predict
  2. Pirelli Tyre Profits 6% Up in 1st Half Year
  3. Annual Profits More than Double for Sibur-Russian Tyres
  4. Annual Profits More than Double for Sibur-Russian Tyres
Comments
Comments closed
Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
  • Per E-Mail teilen

Related Tags

analysts, financials, full-year, operating profit, results, Russia

Advert Location 28

Top five articles this week

Advert Location 10

© 2020 - Tyrepress
  • Twitter
  • Facebook
  • Instagram
  • WhatTyre
  • Reifenpresse
  • PneusNews
Could Nitrogen Offer Retreading Benefits? Toyo Announces Technical Partner Agreements with European Manufacturers
Scroll to top