FINANCIAL RESULTS 2014

Key Results

Key results RUB bn

Key results 2014 2013
Revenue 759,6 755,8
EBITDA 131,8 (58,6)
Adjusted EBITDA1 249,0 233,2
Net (loss)/profit (24,3) (159,4)
Adjusted net (loss)/profit2 69,5 74,0

1 Adjusted EBITDA is calculated as EBITDA (profit for the reporting period before taxes, interest expense, depreciation and amortization) excluding losses on impairment of property, plant and equipment, available-for-sale investments, promissory notes, receivables and advances given

2 Adjusted net profit for the reporting period is calculated as net profit for the period excluding losses from impairment of property, plant and equipment, investments, receivables and related deferred expenses on income tax