EMAlliance sums up the financial results of the year 2010

The sales revenue in 2010 was equal to 13,7 billion RUR, in comparison with the same value in 2009, equal to 2.7 billion RUR. EBITDA for 2010 is estimated as 1,9 billion RUR, in comparison with 1,1 billion RUR in 2009.
Net income of the company in 2010 increased by 46% and was equal to 520 million RUR as compared to 355 million RUR in 2009. Variation of this value is subject to significant sales growth and optimization of overhead cost.
The company’s assets according to the results of the year 2010 are equal to 18.5 billion RUR and they increased by 12 % in comparison with the same period in 2009.
The stock of orders of the company increased by 5 billion RUR and on the 31st of December, 2010 was equal to approximately 47 billion RUR.
Making comments on the financial accounts data, Mr. Timur Avdeenko, President of JSC EMAlliance, mentioned that the improvement of the company’s financial values proves the effectiveness of the implemented development strategy. “Today we not only intensify the traditional work in the traditional markets, but also broaden our supply using the latest innovative technologies and developments. We take an active part in development of our own R&D system and localization of the most prospective foreign technologies in our own production areas. This allows our company to pretend to significant competitive advantages, and not only in the Russian market. As we can see, such king of policy fully proves itself and allows EMAlliance to rely on significant consolidation of its market positions and maintenance of the company’s values improvement for the immediate prospect” – he stated.