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MarketScreener Homepage  >  Equities  >  Moscow Micex - RTS  >  ALROSA    ALRS   RU0007252813

ALROSA

(ALRS)
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ALROSA : Russia Alrosa sees diamond sales stabilising in fourth quarter

10/12/2020 | 08:22am EST

MOSCOW, Oct 12 (Reuters) - Russian state-controlled diamond producer Alrosa expects its fourth-quarter sales to stabilise year on year as demand for precious stones is recovering, its chief executive, told a meeting with President Vladimir Putin on Monday.

Alrosa, the world's largest producer of rough diamonds, has been hit by the coronavirus pandemic, although demand started to recover in August.

"We hope that in the fourth quarter we will be able to reach amount of sales close to those of the previous year," Ivanov told Putin. Alrosa sold diamonds worth $916 million in the last quarter of 2019.

The government has been considering whether state precious metals and gems repository Gokhran could buy $0.5 billion-$1 billion of the firm's rough diamonds to help it amid the pandemic.

Alrosa is in talks with Russia's finance ministry over the sale of some of Alrosa's diamonds to Gokhran, its CEO was quoted as saying in the Kremlin statement.

A deal, which would improve the balance between global production and consumption, is expected soon, Ivanov added, without disclosing the size. (Reporting by Maxim Rodionov and Polina Devitt; writing by Polina Devitt; editing by Edmund Blair and Louise Heavens)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ALROSA 0.97% 89.94 End-of-day quote.6.67%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -0.37% 74.387 Delayed Quote.22.57%
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Financials
Sales 2020 199 B 2 666 M 2 666 M
Net income 2020 37 208 M 499 M 499 M
Net Debt 2020 79 028 M 1 061 M 1 061 M
P/E ratio 2020 19,0x
Yield 2020 4,44%
Capitalization 648 B 8 715 M 8 701 M
EV / Sales 2020 3,66x
EV / Sales 2021 2,87x
Nbr of Employees -
Free-Float 39,9%
Chart ALROSA
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Technical analysis trends ALROSA
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 91,66 RUB
Last Close Price 89,94 RUB
Spread / Highest target 42,3%
Spread / Average Target 1,92%
Spread / Lowest Target -27,7%
EPS Revisions
Managers
NameTitle
Sergey Sergeevich Ivanov President, CEO & Deputy Chairman-Supervisory Board
Anton Germanovich Siluanov Chairman-Supervisory Board
Alexey Philippovskiy Chief Financial Officer
Natalia F. Guryeva Member-Supervisory Board
Oleg Romanovich Fedorov Member-Supervisory Board
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