Fitch Ratings confirmed the BB long term default rating assigned to EvroKhim MKHK with a stable outlook, as it was informed.
The ratings mirror strong diversification of the Company as of the products and geographic territory. These favorable factors support generation of the funds and capability of the Company to realize large projects in the sphere of the mergers and acquisitions.
EvroKhim MKHK (TIN 7721230290) is the largest producer of mineral fertilizers. It is included into the 3-list of European leaders. The Company involves production and extraction entities, logistic companies and sale network.
The 2011-net profit (IAS) rallied up 59% to 32bn rub. from 20.1bn rub. prior year; revenues increased one thirds to 131.3bn rub. from 97.8bn rub.; EBITDA - 66% to 49.7bn rub. from 29.9bn rub.
The 2012 net profit (RAS) moved up 47% to 20.591bn rub. from 13.979bn rub. prior year; revenues being down 26% to 1.456bn rub.; losses from sales declined 23.7% to 362mln rub. from 474mln rub.