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BELUGA GROUP announces the financial results for H1 2021

18
august 2021

BELUGA GROUP (MOEX: BELU), the leading alcohol beverages company in Russia, announces the IFRS consolidated financial results for H1 2021: net revenue increased by 20%, reaching 30.8 bln rubles, gross profit increased by 21% to 11.1 bln rubles, net profit grew by 150 % and amounted to 1.1 bln rubles, EBITDA increased by 8 % to 3.7 bln rubles, cash flow from operating activities rose by 341% to 2.1 bln rubles, and free cash flow reached 1 bln rubles.

Financial highlights and main corporate events


H1 2021

Revenue (bln RUB)

30,8 (+20%)

Gross profit (bln RUB)

11,1 (+21%)

Cash flow from operating activities (bln RUB)     

2,1 (+341%)

Free cash flow (bln RUB)

1,0 (n/a)

EBITDA (bln RUB)

3,7 (+8%)

Net profit (bln RUB)

1,1 (+150%)

Earnings per share (RUB)

93,47 (+161%)

The group continued to demonstrate sustained development, replicated the success seen in the first six months of 2020, marked by a surge in sales in March and April, strengthened its position, and laid the foundation for further sustained growth after the successful SPO in June.

BELUGA GROUP achieved double-digit growth of both revenue and gross profit indicators and triple-digit growth of net profit indicator, and generated with that nearly 1 billion rubles of free cash flow.

Thereby, the Board of Directors advised the General Meeting of Shareholders to distribute net profit for interim dividends on outstanding shares (excluding treasury shares) in the amount of 1 billion rubles, which amounts to 72.76 rubles per share, a total of 87% of the net profit of BELUGA GROUP according to IFRS for H1 2021.

The group's production facilities hold leading positions in the production of beverages in key categories—vodka, whiskey, and flavored liqueurs. Furthermore, the company is paying growing attention to the sustainability of this field, reducing electricity, water, and raw materials consumption, increasing the share of recycled materials, and correctly disposing of waste generated at BELUGA GROUP enterprises.

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