Earnings Report /
Russia

Moscow Exchange MICEX-RTS: 2Q21 IFRS results – Neutral-to negative

  • MOEX (MOEX RX: E/W; TP RUB134) releases its 2Q21 IFRS financials. 2Q21 net income grew 2% y/y and q/q

  • 2Q21 F&C grew 24% y/y and 7% q/q, 3% ahead of our and consensus estimates

  • 2Q21 opex grew 19% y/y and exceeded our and consensus estimates by 1-3%

Evgeniy Kipnis
Evgeniy Kipnis

Senior Banking/Consumer Analyst

Alfa
20 August 2021
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