Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

AK ALROSA PAO (ALRS)
My previous session
Most popular
  Report  
SummaryNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/11/2019 | 02:59pm EST

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

Disclaimer

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AK ALROSA PAO
08:44aAK ALROSA : ALROSA earns $463 mln at international auctions in 2018
PU
01/14AK ALROSA : ALROSA launches operations in Zimbabwe
PU
01/11AK ALROSA : ALROSA increases rough and polished diamond sales 6% to $4.5 bln in ..
PU
2018AK ALROSA : ALROSA among leaders of environmental and energy efficiency rating
PU
2018AK ALROSA : Worldwide jewelry sales rise by 4% in Q3
PU
2018AK ALROSA : ALROSA 2019 Financial Calendar
PU
2018AK ALROSA : ALROSA recognized as one of the leaders in corporate charity financi..
PU
2018AK ALROSA : ALROSA November sales of rough and polished diamonds reached $274.0 ..
PU
2018AK ALROSA : ALROSA's corporate governance recognized best in Russia by foreign i..
PU
2018AK ALROSA : ALROSA earns $17 mln at rough diamond auction in Israel
PU
More news
Financials (RUB)
Sales 2018 304 B
EBIT 2018 139 B
Net income 2018 105 B
Debt 2018 45 738 M
Yield 2018 9,95%
P/E ratio 2018 7,46
P/E ratio 2019 6,78
EV / Sales 2018 2,68x
EV / Sales 2019 2,66x
Capitalization 770 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 115  RUB
Spread / Average Target 9,8%
EPS Revisions
Managers
NameTitle
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
Sector and Competitors