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MarketScreener Homepage  >  Equities  >  MOSCOW INTERBANK CURRENCY EXCHANGE  >  AK Alrosa PAO    ALRS   RU0007252813


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AK Alrosa : ALROSA increases rough and polished diamond sales 6% to $4.5 bln in 2018

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01/11/2019 | 03:59pm EDT

Moscow, January 11, 2019 − ALROSA, the world leader in diamond production, announces rough and polished diamond sales results for December and preliminary results for 2018.

ALROSA December sales of rough and polished diamonds increased by 38% YoY to $328.7. Rough diamond sales reached $323.7 million, polished diamond sales were $5 million.

ALROSA's total diamond sales in 2018 grew 6% YoY to $4.507 billion. Rough diamonds sales grew to $4.412 billion, polished diamonds sales stood at $95.3 million.

'A 6% sales growth in 2018 was driven by both high demand for rough diamonds and positive price dynamics in the first half of the year, market demand was strong in all rough diamond categories, and traditional slowdown in demand in the second quarter due to seasonality was not registered this year. In the second half of the year, buying activity in the low-priced product segment significantly deteriorated due to weakening of the global market situation and both seasonality and destocking at a number of Indian midstream companies. At the same time, the company was actively engaged in optimizing its stocks, which made it possible to increase sales in physical terms, despite a decline in production in 2018 by 8% to 36.6 million carats,' - Evgeny Agureev, Member of the Management Board, Director of the United Sales Organization at ALROSA, said.

'In December, sales in value terms increased by 20% compared to November 2018 due to a flexible pricing policy against the background of seasonal renewed demand and replenishment of stocks by the companies in the cutting sector, which took advantage of the pricing environment. Despite the cooling of the market in the second half of 2018, we expect that the final customers demand will remain at least stable,' he added.

This page was last updated on 11 January 2019 at 22.31


ALROSA PJSC published this content on 11 January 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 January 2019 19:58:08 UTC

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Financials (RUB)
Sales 2019 287 B
EBIT 2019 123 B
Net income 2019 96 096 M
Debt 2019 52 165 M
Yield 2019 13,0%
P/E ratio 2019 6,70
P/E ratio 2020 6,42
EV / Sales 2019 2,63x
EV / Sales 2020 2,41x
Capitalization 702 B
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Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 111  RUB
Spread / Average Target 17%
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Sergey Sergeevich Ivanov President, CEO & Member-Supervisory Board
Aleksey Nikolayevich Filippovskiy Chief Financial Officer
Sergei Vladimirovich Barsukov Member-Supervisory Board & Deputy CEO
Oleg Romanovich Fedorov Member-Supervisory Board
Anton Germanovich Siluanov Member-Supervisory Board
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