LenSpetsSMU’s IFRS interim consolidated statements for 9 months of 2008 placed on company’s financial site

04.02.2009

Owing to the financial crisis, LenSpetsSMU has taken the voluntary decision to prepare and publish its IFRS interim audited financial statements for 9 months of 2008.

In total:

balance sheet for LenSpetsSMU Group – RR 33.4 bn (for comparison – total assets were RR 21.2 bn as of 31.12.2007),

advances received on principal activity (pre-payments from clients) increased to 84.1% - from RR 10.3 bn as of 31.12.2007 to RR 19.0 bn as of 30.09.2008,

equity for 9 months increased by 1.6 times – from RR 1.7 bn to RR 2.8 bn,

credits and borrowings (financial debt) for 9 months 2008 reduced to 3.6% – from RR 6.7 bn (31.7% of the balance sheet as of 31.12.2007) to RR 6.4 bn (19.2% of the balance sheet as of 30.09.2008);

revenues for 9 months of 2008 were RR 9.1 bn (up 29.3% from the same period in 2007);

EBITDA for 9 months 2008 reached RR 2.6 bn (compared with RR 1.9 bn for 9 months of 2007).

Index

9 months 2007

2007

9 months 2008

Assets, RR ‘000’

n/a

20 979 124

33 376 804

Credits and borrowings (financial debt), RR ‘000’

n/a

6 654 803

6 421 511

Advances from clients received on the basis of activity, RR ‘000’

n/a

10 324 543

19 008 284

Capital and reserves, RR ‘000’

n/a

1 741 091

2 819 041

Revenues, RR ‘000’

7 015 401

8 903 190

9 070 030

Net profit, RR ‘000’

2 526 244

3 190 841

3 685 146

Interest payable, RR ‘000’

77 187

315 625

421 922

Net profit, RR ‘000’

1 128 144

1 027 248

1 077 950

EBITDA, RR ‘000’

1 941 399

2 216 737

2 585 939

EBITDA margin

27.7%

24.9%

28.5%

Debt / EBITDA (LTM)

n/a

3.00

2.31

EBITDA / Interest payable (LTM)

17.58

7.02

4.21

To review company accounts, visit the company’s financial site.