According to its financial results for 2013 in line with international financial reporting standards (IFRS), Russian pipemaker TMK saw its net profit fall by 23 percent year on year to $215 million in the given year. In 2013, the company's sales revenues declined by four percent year on year to $6.432 billion mainly due to the negative impact of currency conversion.
TMK's adjusted EBITDA decreased from $1.028 billion in 2012 to $952 million in 2013. Its adjusted EBITDA margin, which had been 15 percent in 2012, stayed at the same level in 2013.