Press releases | Archive 2015
RBC reports H1 2015 financial results
Moscow, August 4, 2015— RBC OJSC (Moscow Exchange: RBCM) announces its preliminary unaudited financial results for the first half of 2015.
“Despite a decline in the markets on which RBC Group operates we were able to improve our financial results and generate RUB 12m of EBITDA in the first half of 2015, which is a RUB 159m improvement from H1 2014 result,” RBC Group CEO Nikolay Molibog says. This result is attributable to several key growth drivers. Primarily, it’s the domain registration and hosting segment (B2B Infrastructure ), with a 24% increase in EBITDA compared to the same period of 2014. The company was also able to maintain stability of RBC brand projects on the media market despite the steep decline of the latter . Additionally, the optimization of the company’s structure (and the resulting reduction of management expenses) in 2014, as well as divestment of non-core assets also had a positive impact on the company.
Management reshuffling in RBC Group
RBC also announces that Derk Sauer is moving on to become vice president of Onexim group. He will oversee the strategic development of Onexim's media segment and creation and implementation of the group's strategy in new digital businesses. However, Derk Sauer will remain a member of RBC's Board of Directors and will have a say on the company's strategy. Executive management of RBC group will be performed by RBC CEO Nikolay Molibog. The position of President of RBC group will be eliminated.
“I'm really happy that RBC shareholders appreciated our team's efforts and achievements in reforming RBC and offered me to apply my experience to the whole of Onexim group. RBC team has demonstrated excellent results in the past two years. I am completely confident in the expertise and potential of RBC's team, and I'm sure they will prove again and again that RBC is the best media holding in Russia,” Derk Sauer said.