Electronics manufacturer Element increased its net profit under IFRS by 56%

09:35; 25 March 2025 year

According to the results of 2024, the net profit of the Russian developer and manufacturer of electronics, Element, according to IFRS amounted to 8.3 billion rubles. The year-on-year growth rate was 56%. This is reported by the company in its annual report.

Over the past period, revenue increased to 44 billion rubles (+23%), EBITDA increased to 11 billion rubles (+28%), and EBITDA margin increased from 24% to 25%.> The total amount of development investments, including capital expenditures on development of equipment and technologies, reached 22 billion rubles.

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