--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20210524-phosagro-demonstrated-impressive-financial-results/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # PhosAgro demonstrated impressive financial results Publication Date: 2021-05-24T15:00:20-04:00 Last Updated: 2021-05-23T16:54:26-04:00 Author: Sergey Mezhak (https://www.fertilizerdaily.com/author/smezhak/) Categories: [Corporate](https://www.fertilizerdaily.com/corporate/), [Markets](https://www.fertilizerdaily.com/markets/) ![PhosAgro demonstrated impressive financial results](https://www.fertilizerdaily.com/wp-content/uploads/2021/05/60mln.jpg) Market conditions have strengthened the effect. PhosAgro reported its 1Q2021 financial results: revenue of the company increased by 36.7% (compared to the same period last year) and amounted to 87.579 billion rubles (approximately $1.2 billion), adjusted net profit raised by 28% to 21.229 billion rubles (approximately $288.3 million). “In 1Q2021 the company’s revenue exceeded 87 billion rubles (approx. $1.2 billion), having increased by almost 37%, and EBITDA increased by more than 65% to a record 34.3 billion rubles (about $466 million) for the entire public history of the company. The efficiency of production facilities and a high level of provision with key raw materials allowed us to increase the EBITDA margin to almost 40% and generate a free cash flow of over 15 billion rubles (about $204 million),” said PhosAgro CEO Andrey Guryev. “Such a significant increase in business profitability is associated with large-scale investments in development that the company has been making since 2013, and favorable market conditions in early 2021 have strengthened this effect.” Tags: [mineral fertilizers](https://www.fertilizerdaily.com/tag/mineral-fertilizers/), [PhosAgro](https://www.fertilizerdaily.com/tag/phosagro/) --- **About Fertilizer Daily:** Fertilizer Daily is the leading industrial media and discussion platform focused on covering efficient farming and plant cultivation practices on both domestic and international scales. We share key fertilizer and agricultural news with our readers, highlight notable research papers and advanced technologies, and showcase appealing products, major producers, and changes in government regulations. Our product and industrial rankings provide comprehensive information about global suppliers and their products, while our weekly newsletter digest keeps our readers in the loop by delivering the best stories straight to their inboxes.