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General information

Steel player. Unlike other players - less integrated in iron ore (which makes it earn more when iron ore prices fall)
  • Current market environment: negative. Prices of production are 9.9% lower compared to the last 12 months (LTM)
  • Prices of production are at 14.2% percentile over the past 5 years, adjusted for inflation
  • Dividend yield for the last twelve months 7.8%
  • Free cash flow yield 12.2% (LTM), projected 7.4%
  • Share of USD-denominated sales in revenue of the company (estimate) ≈ 0.0%
  • Share price is 42.5% higher than minimum and 46.6% lower than maximum for the last 3 years
  • The company is overvalued by EV / LTM EBITDA multiple compared to target level (2.8x vs
    )
  • The company is overvalued by EV / projected EBITDA multiple compared to target level (
    vs
    )
  • Taking into account the impact of the key rate 18.0% on the change in financial parameters: EBITDA adjustment is 4 287 mln rub as NetDebt * (current key rate - normalized 7%) / 2, expected EBITDA adjusted for key rate increases is 85 436 mln rub, expected mult is 3.3x, target mult is 2.2x, potential is -26.0%

Key Financials (Download financials)

Ticker: MAGN
Share price, RUB:  (-0.1%)31.98
year average price 35.57  


year start price 44.37 2024-09-16

max close price 46.19 2024-09-17

min close price 29.30 2025-05-27

current price 31.98 2025-09-15
Common stocks: 11 174 330 000

Dividend Yield:  7.8%
FCF Yield LTM / expected: 12.2% / 7.4%
EV / LTM EBITDA:2.8x
EV / EBITDA annualized: 3.3x
Production prices change from LTM: -9.9%
EV / projected EBITDA:
Target EV / EBITDA (hist percentile):
Express share price potential:
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 357 355
Net Debt (m RUB): -68 949
EV (Enterprise Value): 288 406
EBITDA LTM (m RUB): 102 466
Net Income LTM (m RUB): 35 045
EV / LTM EBITDA: 2.8x
Net Debt / LTM EBITDA (if EBITDA > 0): -0.7x
Average daily trading volume for the week, RUB mln: 435
P / E 10.2x
P / E ann-d36.1x
P / B 0.5x
EBITDA margin ann-d 14.3%
Net income margin ann-d 1.6%

Revenue and EBITDA

Quarterly values (m RUB)

Change (y/y)

Cash Flow

FCF (m RUB), before FX effects elimination

Net Debt / Cash and Equivalents (m RUB)

Share price and dividends (Download history)

Share price

Payment RUB per share

Multiple and potential

EV / LTM EBITDA and 50% percentile

Potential dynamics

Daily trade volumes

Millions of RUB

P/B and P/E multipliers

P / B

P / E

MSFO data *The values are shown in mln RUB The % change shows the difference from the same period last year

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Income


Q Revenue Gross profit Operating income Net income PercentProfit PercentLoss
 
2025 q2 155 060-31% 27 662-53% 7 665-79% 2 476-91% 5 719+27% -2 136+67%
2025 q1 158 455-18% 25 713-46% 6 526-78% 3 138-87% 5 467+12% -1 228-14%
2024 q4 ( 9415 , 12518 ) 165 637-19% 27 539-53% 9 079-76% 11 935-64% 6 279+53% -1 136-35%
2024 q3 ( 9121 , 9128 ) 185 000-10% 42 218-30% 23 256-44% 17 496-48% 4 493+77% -1 651+20%
2024 q2 ( 8816 , 8818 ) 224 880+13% 58 350-9% 37 073-16% 26 563-17% 4 492+80% -1 278-2%
2024 q1 192 949+26% 47 979+31% 30 291+37% 23 746+21% 4 861+87% -1 435-31%
2023 q4 ( 7671 , 8669 ) 205 341>+200% 58 794 38 559 33 133 4 109 -1 754
2023 q3 204 661 60 307 41 627 33 609 2 542 -1 377
2023 q2 ( 6768 , 8670 ) 198 984+14% 64 226+56% 43 901+81% 31 918+128% 2 500+48% -1 303-20%
2023 q1 153 724 36 668 22 097 19 700 2 599 -2 080
2022 q4 43 868-81%          
2022 q2 174 240-28% 41 127-63% 24 236-75% 13 976-82% 1 687>+200% -1 623+163%
2021 q4 ( 1117 , 1118 , 1119 ) 235 599+43% 82 281+72% 56 288+89% 117 858>+200% 465-19% -668-35%
2021 q3 ( 1120 , 1121 ) 222 610+93% 98 415>+200% 75 134>+200% 60 151>+200% 734+99% -808>+200%
2021 q2 ( 1122 , 1123 , 1124 ) 241 381+164% 110 497>+200% 96 638>+200% 76 058>+200% 537+34% -617-62%
2021 q1 ( 1125 , 1126 ) 162 557+42% 60 559+89% 44 638+135% 35 487>+200% 298-26% -595-1%
2020 q4 ( 1127 , 1128 ) 164 375+50% 47 851+87% 29 833+141% 39 264>+200% 576+38% -1 026+32%
2020 q3 ( 1129 , 1130 ) 115 256-11% 29 459-23% 16 055-36% 7 512-57% 368-5% -74-90%
2020 q2 ( 1131 , 1132 , 1133 ) 91 409-29% 20 207-43% 6 726-72% 4 484-74% 401+4% -1 641>+200%
2020 q1 ( 1134 , 1135 ) 114 753-5% 32 010-6% 18 991-10% 8 791-41% 403+22% -604+31%
2019 q4 ( 1136 , 1137 ) 109 633-16% 25 626-33% 12 364-51% 5 736-64% 418+6% -780+31%
2019 q3 ( 1138 , 1139 ) 129 877-5% 38 207-23% 24 954-28% 17 519-33% 388+18% -711+55%
2019 q2 ( 1140 , 1141 , 1142 ) 128 972-1% 35 356-21% 24 259-23% 17 549-28% 387+56% -516+4%
2019 q1 ( 1143 , 1144 ) 120 868+3% 33 904-6% 21 066-11% 14 812-7% 329+189% -461+16%
2018 q4 ( 1145 , 1146 ) 130 078+14% 38 1590% 25 374-1% 16 114-27% 395+58% -597-4%
2018 q3 ( 1147 , 1148 ) 137 160+16% 49 393+39% 34 634+47% 26 304+62% 328+85% -459-51%
2018 q2 ( 1149 , 1150 , 1151 ) 130 519+19% 44 746+46% 31 421+85% 24 294+44% 248+143% -496-6%
2018 q1 ( 1152 , 1153 ) 116 840+20% 35 990+25% 23 539+26% 15 863+12% 114+94% -398-15%
2017 q4 ( 1154 , 1155 ) 113 621+16% 38 243+19% 25 758+27% 22 201+69% 249+98% -620-42%
2017 q3 ( 1156 , 1157 ) 118 597+24% 35 485+7% 23 578-29% 16 269-40% 177-9% -943-30%
2017 q2 ( 1158 , 1159 , 1160 ) 110 060+8% 30 691-12% 16 996-40% 16 820-22% 102-61% -529-84%
2017 q1 97 391+24% 28 689+47% 18 715+31% 14 139+21% 59-80% -469-78%
2016 q4 ( 1162 , 1163 ) 97 876+26% 32 236+75% 20 261+153% 13 133<-100% 126<-100% -1 071-51%
2016 q3 ( 1164 , 1165 ) 95 438+1% 33 190+13% 33 384+78% 26 927>+200% 194-99% -1 356-45%
2016 q2 ( 1166 , 1167 , 1168 ) 102 206+16% 34 706+21% 28 449+54% 21 664+47% 263-39% -3 359+77%
2016 q1 78 302-17% 19 464-37% 14 318-34% 11 708-5% 298-32% -2 088-12%
2015 q4 ( 1170 , 1171 ) 77 595-6% 18 422-8% 8 021-26% -9 623+35% -17 990<-100% -2 207+49%
2015 q3 94 929+23% 29 452+56% 18 708+69% 4 930>+200% 19 403>+200% -2 465+51%
2015 q2 ( 1173 , 1174 , 1175 ) 87 902+14% 28 753+84% 18 483+179% 14 772+166% 429>+200% -1 900+18%
2015 q1 94 812+44% 30 935+152% 21 585>+200% 12 299<-100% 439>+200% -2 384+33%
2014 q4 ( 1177 , 1178 ) 82 141+34% 19 987+85% 10 851>+200% -7 122-90% 89+165% -1 480-1%
2014 q3 77 414+26% 18 891+131% 11 059<-100% 943<-100% 326>+200% -1 632+19%
2014 q2 ( 1180 , 1181 ) 77 359+13% 15 641+51% 6 616>+200% 5 556<-100% 35-45% -1 608+15%
2014 q1 65 846-5% 12 265+28% 2 733-29% -2 768<-100% 35-62% -1 787+20%
2013 q4 ( 1183 , 1184 ) 61 113-7% 10 829+9% 1 255<-100% -70 622>+200% 33-47% -1 496-11%
2013 q3 61 518-17% 8 161-37% -590<-100% -4 523<-100% 66-32% -1 377-15%
2013 q2 ( 1187 , 1188 ) 68 350-11% 10 329-17% 1 037-64% -4 799>+200% 64-31% -1 394-22%
2013 q1 69 423-5% 9 5790% 3 832>+200% 578+37% 91-24% -1 490-19%
2012 q4 ( 1190 , 1191 ) 65 502-76% 9 974-78% -114<-100% -4 287+18% 63-85% -1 680-70%
2012 q3 74 014+2% 13 022+8% 4 692+65% 2 617<-100% 96-18% -1 628+10%
2012 q2 77 167+14% 12 402-1% 2 897-36% -1 491<-100% 92+65% -1 781+20%
2012 q1 73 202+8% 9 569-23% 996-78% 423+16% 121+116% -1 841+24%
2011 q4 273 310>+200% 45 519>+200% 10 737+163% -3 642<-100% 429>+200% -5 587>+200%
2011 q3 72 610+26% 12 094-1% 2 848-30% -975<-100% 117+90% -1 482+34%
2011 q2 67 633+4% 12 480-29% 4 561-30% 364-78% 56 -1 483+48%
2011 q1 67 633 12 480 4 561 364 56 -1 483
2010 q4 57 607+36% 12 271+22% 4 086+44% 1 827+9% 62-67% -1 102+30%
2010 q3 57 607+36% 12 271+22% 4 086+44% 1 827+9% 62-67% -1 102+30%
2010 q2 64 852+99% 17 593>+200% 6 523>+200% 1 662-10%   -1 004+113%
2010 q1            
2009 q4 42 263 10 056 2 833 1 673 188 -847
2009 q3 42 263 10 056 2 833 1 673 188 -847
2009 q2 32 552-70% 5 613-85% 533-98% 1 850-91% 63-93% -470-44%
2009 q1 32 552 5 613 533 1 850 63 -470
2008 q4            
2008 q2 109 258 37 099 25 370 19 851 847 -847


Balance


Implied interest rate for 2021 q3:
= (PercentLoss - PercentProfit) * (365 / periodLength) / (NetDebt - MinorityInterest)
= (808 - 734) * 4 / (11 189 - 1 526)

Q Total equity Total assets Net debt Implied interest rate NetDebt / LTM EBITDA
 
2025 q2 685 312+1% 895 1090% -68 949-17%   -0.67x
2025 q1 684 445-1% 559 322-40% -72 743-27%   -0.56x
2024 q4 ( 9415 , 12518 ) 689 812+4% 913 176+1% -72 916-22%   -0.48x
2024 q3 ( 9121 , 9128 ) 673 901 914 166 -94 749   -0.52x
2024 q2 ( 8816 , 8818 ) 680 806+14% 898 909+9% -83 460+1%   -0.42x
2024 q1 688 427+4% 933 356+3% -99 684   -0.49x
2023 q4 ( 7671 , 8669 ) 663 309+24% 902 002+22% -92 901   -0.48x
2023 q3         -0.46x
2023 q2 ( 6768 , 8670 ) 595 420+11% 824 597+12% -82 812   -0.43x
2023 q1 663 309 902 002     -0.38x
2022 q4 535 434+13% 737 785+2%     -0.28x
2022 q2 535 434+27% 737 785+19%     -0.17x
2021 q4 ( 1117 , 1118 , 1119 ) 473 366+39% 726 500+31% -28 267>+200%   -0.09x
2021 q3 ( 1120 , 1121 ) 440 580+31% 645 758+24% 11 189<-100% 3.0% 0.04x
2021 q2 ( 1122 , 1123 , 1124 ) 420 088+23% 619 875+24% 1 589-91%   0.00x
2021 q1 ( 1125 , 1126 ) 376 146+5% 562 137+6% 11 885>+200% 11.4% 0.09x
2020 q4 ( 1127 , 1128 ) 339 828-1% 553 575+8% -5 365-60%   -0.06x
2020 q3 ( 1129 , 1130 ) 335 756-6% 518 7820% -1 782-52%   -0.02x
2020 q2 ( 1131 , 1132 , 1133 ) 340 662-1% 499 453-3% 17 641<-100% 30.9% 0.18x
2020 q1 ( 1134 , 1135 ) 359 708-2% 529 790+6% 3 218<-100% 44.6% 0.03x
2019 q4 ( 1136 , 1137 ) 341 641-2% 512 778+2% -13 431+4%   -0.12x
2019 q3 ( 1138 , 1139 ) 358 055+1% 516 261+4% -3 697-81%   -0.03x
2019 q2 ( 1140 , 1141 , 1142 ) 345 383+1% 513 377+8% -904-77%   -0.01x
2019 q1 ( 1143 , 1144 ) 365 798+10% 498 845+11% -12 077<-100%   -0.08x
2018 q4 ( 1145 , 1146 ) 348 031+10% 500 670+10% -12 871<-100%   -0.09x
2018 q3 ( 1147 , 1148 ) 352 906+16% 498 197+16% -19 267>+200%   -0.13x
2018 q2 ( 1149 , 1150 , 1151 ) 342 746+14% 475 411+15% -3 891<-100%   -0.03x
2018 q1 ( 1152 , 1153 ) 331 555+12% 450 245+10% 5 314-53% 29.3% 0.04x
2017 q4 ( 1154 , 1155 ) 316 610+11% 456 402+16% 488-96%   0.00x
2017 q3 ( 1156 , 1157 ) 304 701+11% 429 778+10% -5 978<-100%   -0.05x
2017 q2 ( 1158 , 1159 , 1160 ) 301 591+14% 412 578-6% 15 216-56% 12.5% 0.21x
2017 q1 295 977+19% 411 013-5% 11 369-77% 16.3% 0.09x
2016 q4 ( 1162 , 1163 ) 285 727+18% 394 304-12% 12 461-85% 33.9% 0.10x
2016 q3 ( 1164 , 1165 ) 273 327+12% 390 836-15% 12 687-83% 39.8% 0.11x
2016 q2 ( 1166 , 1167 , 1168 ) 264 746+10% 440 6850% 34 530-63% 37.1% 0.33x
2016 q1 249 132+9% 431 842-1% 48 794-54% 15.0% 0.53x
2015 q4 ( 1170 , 1171 ) 242 007+9% 448 776+2% 82 735-28%   0.68x
2015 q3 242 989+8% 458 384+13% 73 302-22% -92.4% 0.62x
2015 q2 ( 1173 , 1174 , 1175 ) 241 168+8% 440 500+11% 92 850+2% 6.4% 0.87x
2015 q1 228 047+4% 437 061+10% 106 690+4% 7.4% 1.16x
2014 q4 ( 1177 , 1178 ) 221 741-1% 441 995+11% 115 215+16% 4.9% 1.59x
2014 q3 225 728-22% 405 407-13% 93 839-5% 5.6% 1.48x
2014 q2 ( 1180 , 1181 ) 223 006-22% 398 020-15% 91 362-13% 7.0% 1.80x
2014 q1 220 156-26% 397 634-17% 102 282-2% 6.9% 2.22x
2013 q4 ( 1183 , 1184 ) 224 532-25% 397 570-20% 99 385-9% 6.0% 2.03x
2013 q3 289 105-5% 466 754-7% 98 561-16% 5.4% 3.60x
2013 q2 ( 1187 , 1188 ) 287 050-5% 467 197-7% 105 344-10% 5.3% 5.30x
2013 q1 296 062 481 027 104 421 5.6% 9.23x
2012 q4 ( 1190 , 1191 ) 298 248-2% 494 837-5% 109 624-17% 6.2%  
2012 q3 303 541 500 849 116 807 5.5%  
2012 q2 303 289-3% 504 163-3% 116 517+13% 6.1%  
2012 q1          
2011 q4 303 470-7% 523 395+2% 131 371+31% 16.3%  
2011 q3          
2011 q2 313 012+100% 518 409+100% 103 564+100% 5.8%  
2011 q1          
2010 q4 326 671+100% 511 681+100% 99 933+100% 4.8%  
2010 q3          
2010 q2 00% 00% 00%    
2010 q1          
2009 q4 0 0 0    
2009 q3          
2009 q2 0 0 0    
2009 q1          
2008 q4          
2008 q2          


Cashflow


Q Operating cashflow Investing cashflow Financial cashflow
 
2025 q2 20 781-57% -45 117+137% 6 792<-100%
2025 q1 19 835-35% -69 350>+200% -1 867+128%
2024 q4 ( 9415 , 12518 ) 32 664-27% -29 912-2% -26 128<-100%
2024 q3 ( 9121 , 9128 ) 26 844-32% -16 205-59% 1 243-70%
2024 q2 ( 8816 , 8818 ) 48 685+73% -19 054-19% -59 151>+200%
2024 q1 30 293-12% -15 643+3% -820-56%
2023 q4 ( 7671 , 8669 ) 45 016+6% -30 667+177% 253<-100%
2023 q3 39 259 -39 735 4 130
2023 q2 ( 6768 , 8670 ) 28 073-20% -23 432>+200% -14 869+136%
2023 q1 34 315 -15 174 -1 876
2022 q4 42 426+185% -11 068-75% -5 463+90%
2022 q2 35 294-66% -1 337-94% -6 305-78%
2021 q4 ( 1117 , 1118 , 1119 ) 14 862-51% -43 687+198% -2 878-61%
2021 q3 ( 1120 , 1121 ) 82 822>+200% -12 470-27% -36 116<-100%
2021 q2 ( 1122 , 1123 , 1124 ) 104 146>+200% -20 606+109% -28 393+48%
2021 q1 ( 1125 , 1126 ) 53 268+89% -26 634+9% -26 783+48%
2020 q4 ( 1127 , 1128 ) 30 040-21% -14 648-2% -7 360-2%
2020 q3 ( 1129 , 1130 ) 27 511-18% -17 042+41% 2 127<-100%
2020 q2 ( 1131 , 1132 , 1133 ) 16 551-46% -9 862-36% -19 131<-100%
2020 q1 ( 1134 , 1135 ) 28 185+1% -24 427+133% -18 052-10%
2019 q4 ( 1136 , 1137 ) 38 208+52% -15 019+7% -7 498-67%
2019 q3 ( 1138 , 1139 ) 33 540-29% -12 076+1% -16 897+65%
2019 q2 ( 1140 , 1141 , 1142 ) 30 541-35% -15 340-14% 8 077<-100%
2019 q1 ( 1143 , 1144 ) 27 913+10% -10 467-16% -20 013+39%
2018 q4 ( 1145 , 1146 ) 25 1190% -14 070+14% -22 908+104%
2018 q3 ( 1147 , 1148 ) 47 533+34% -12 011+38% -10 221>+200%
2018 q2 ( 1149 , 1150 , 1151 ) 47 101+93% -17 921>+200% -7 807-57%
2018 q1 ( 1152 , 1153 ) 25 472+103% -12 508+13% -14 442<-100%
2017 q4 ( 1154 , 1155 ) 25 125+16% -12 361+87% -11 244+67%
2017 q3 ( 1156 , 1157 ) 35 540+142% -8 675<-100% -1 867-97%
2017 q2 ( 1158 , 1159 , 1160 ) 24 466-8% -2 872<-100% -18 159+186%
2017 q1 12 555-20% -11 088+152% 3 227<-100%
2016 q4 ( 1162 , 1163 ) 21 672<-100% -6 621<-100% -6 716-66%
2016 q3 ( 1164 , 1165 ) 14 690-70% 22 786<-100% -66 289>+200%
2016 q2 ( 1166 , 1167 , 1168 ) 26 528+33% 4 860<-100% -6 343<-100%
2016 q1 15 735-19% -4 400-54% -19 837+76%
2015 q4 ( 1170 , 1171 ) -12 585<-100% 8 508<-100% -19 735>+200%
2015 q3 49 168>+200% -18 972>+200% -15 188+60%
2015 q2 ( 1173 , 1174 , 1175 ) 19 926+35% -9 032+115% 380<-100%
2015 q1 19 389+153% -9 475+9% -11 295<-100%
2014 q4 ( 1177 , 1178 ) 19 034+106% -12 209+87% -4 345+17%
2014 q3 15 113+61% -5 134+50% -9 518+197%
2014 q2 ( 1180 , 1181 ) 14 741+176% -4 202>+200% -2 457-70%
2014 q1 7 674-18% -8 691>+200% 3 890<-100%
2013 q4 ( 1183 , 1184 ) 9 242-79% -6 537+196% -3 718-82%
2013 q3 9 389+112% -3 417-23% -3 202<-100%
2013 q2 ( 1187 , 1188 ) 5 333-70% -1 344-63% -8 123-24%
2013 q1 9 335-22% -122-98% -8 241-17%
2012 q4 ( 1190 , 1191 ) 44 349+163% -2 211-70% -20 372<-100%
2012 q3 4 419-31% -4 416-55% 681-82%
2012 q2 17 747+135% -3 669-65% -10 731<-100%
2012 q1 11 984+59% -7 969-24% -9 961<-100%
2011 q4 16 894+50% -7 458-49% 12 488+61%
2011 q3 6 446-43% -9 810-34% 3 695-52%
2011 q2 7 541+4% -10 479-40% 1 763-86%
2011 q1 7 541+4% -10 479-40% 1 763-86%
2010 q4 11 282+79% -14 756+13% 7 760<-100%
2010 q3 11 282+79% -14 756+13% 7 760<-100%
2010 q2 7 228-2% -17 468+25% 12 528<-100%
2010 q1 7 228-2% -17 468+25% 12 528<-100%
2009 q4 6 309-68% -13 004+69% -78<-100%
2009 q3 6 309 -13 004 -78
2009 q2 7 385-64% -13 955>+200% -1 019-80%
2009 q1 7 385 -13 955 -1 019
2008 q4 19 671 -7 675 486
2008 q2 20 353 -2 274 -5 174
RSBU data *The values are shown in mln RUB The % change shows the difference from the same period last year

View as Pivot Table       Export as Pivot Table (xlsx)



Income


Q Revenue Gross profit Operating income Net income PercentProfit PercentLoss
 
2025 q2 134 195-32% 24 184-58% 10 139-75% 6 383-79% 5 119+8% -726-23%
2025 q1 135 717-18% 20 917-50% 7 674-73% 2 748-89% 5 530+10% -754-29%
2024 q4 133 341-25% 21 603-60% 9 069-77% 3 857-86% 6 196+47% -859-19%
2024 q3 157 218-10% 39 554-24% 25 764-31% 31 977-3% 4 172+48% -579-32%
2024 q2 198 284+14% 57 204+7% 40 988+7% 30 488-8% 4 756+103% -939+15%
2024 q1 166 435+21% 42 080+16% 28 676+24% 24 826+15% 5 013+146% -1 060-3%
2023 q4 177 177+48% 54 386+87% 40 230+105% 26 661>+200% 4 202>+200% -1 054+26%
2023 q3 175 010+47% 51 927+187% 37 581>+200% 32 905<-100% 2 816>+200% -857+33%
2023 q2 174 674+3% 53 241+18% 38 295+24% 33 008+35% 2 348+82% -814+16%
2023 q1 137 670 36 133 23 104 21 624 2 037 -1 094
2022 q4 119 695-38% 29 115-54% 19 609-48% 413-99% 1 382 -838
2022 q3 118 805-46% 18 080-81% 3 159-96% -915<-100% 851 -643
2022 q2 169 763-21% 45 101-55% 30 787-65% 24 407-66% 1 294 -702
2021 q4 193 101+50% 62 750+64% 37 892+52% 56 007+122%    
2021 q3 219 861+131% 95 407>+200% 73 792>+200% 58 301>+200%    
2021 q2 215 464+174% 99 960>+200% 87 025>+200% 71 746>+200%    
2021 q1 157 552+62% 57 291+94% 44 684+107% 34 893>+200%    
2020 q4 128 941+33% 38 157+72% 24 908+93% 25 219>+200%    
2020 q3 95 374-18% 25 075-28% 15 912-37% 6 075-68%    
2020 q2 78 510-30% 18 768-43% 11 377-53% 9 856-50%    
2020 q1 97 413>+200% 29 594>+200% 21 560>+200% 10 358>+200%    
2019 q4 97 075-14% 22 215-34% 12 875-49% 3 533-29%    
2019 q3 116 076-6% 34 601-19% 25 232-26% 18 775-26%    
2019 q2 112 098-49% 32 759-54% 24 375-57% 19 637-54%    
2019 q1 110+2% 29-13% 21-21% 14-27%    
2018 q4 113 161 33 747 25 357 5 002    
2018 q3 123 313 42 897 33 943 25 513    
2018 q2 221 637 71 840 57 136 43 156    
2018 q1 108+15% 33+27% 26+29% 19+30%    
2017 q1 94+37% 26+71% 20+98% 14+88%    
2016 q4 85 26 20 17    
2016 q1 68 15 10 8    
2015 q4            


Balance


Q Total equity Total assets Net debt
 
2025 q2 612 370+3% 793 359-1% -58 657+13%
2025 q1 605 187+2% 793 261-5% -57 561-9%
2024 q4 602 439+6% 804 138-1% -54 647+16%
2024 q3 598 583+10% 814 813+4% -70 888+90%
2024 q2 594 474+17% 804 033+10% -52 090+5%
2024 q1 594 738+4% 832 917+2% -63 449+34%
2023 q4 569 769+25% 816 227+25% -47 237+6%
2023 q3 543 109+19% 786 847+21% -37 241-16%
2023 q2 510 204+12% 733 416+12% -49 593+12%
2023 q1 569 769 816 227 -47 237
2022 q4 455 465 652 312 -44 457>+200%
2022 q3 455 465 652 312 -44 457<-100%
2022 q2 455 465 652 312 -44 457<-100%
2021 q4     -7 851>+200%
2021 q3     17 023+195%
2021 q2     7 573-69%
2021 q1     19 601+111%
2020 q4     -127-98%
2020 q3     5 765+136%
2020 q2     24 728>+200%
2020 q1     9 294<-100%
2019 q4     -7 529-17%
2019 q3     2 446<-100%
2019 q2     3 305<-100%
2019 q1     -4-57%
2018 q4     -9 075
2018 q3     -9 075
2018 q2     -9 075
2018 q1     -9<-100%
2017 q1     9-25%
2016 q4     13-77%
2016 q1     13
2015 q4     55
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detailed calculation of
Potential and Created Value,
commodities affecting the company