RUSAL (486) announced its first-quarter results, with revenues down by 20.9% year-on-year to USD 2.17 billion, mainly due to a 13.9% decline in aluminum prices on the London Metal Exchange during the period to USD 1,859 per tonne; adjusted EBITDA fell by 60.5. % to USD 226 million; net profit during the period fell by 49.8% to USD 273 million.

Executive ruling Evgenii Nikitin said that the sales of value-added products in the first quarter of this year fell by 29% to 259,000 tons of aluminum, which reduced the revenue and net profit, the short-term renewed OFAC general license extensions impacted the sales structure. In the coming months, the company will focus on restoring its market position, including market share of value-added products, and strengthen interaction with existing customers, develop competitive new technologies, and continue cost reduction programs.