Earnings Report /
Russia

Polyus: 2Q21 IFRS results: slightly ahead of our estimates – POSITIVE

  • Polyus (PLZL.LI; O/W; $115.6/GDR) issued its 2Q21 IFRS financials today

  • The total revenue increased 21% q/q to $1,245mn on strong gold sales volumes, driving adj. EBITDA up 22% q/q to $899mn

  • From the balance sheet perspective 2Q21 leverage slightly deteriorated

Boris Krasnozhenov
Boris Krasnozhenov

Head of Research (Managing Director)

Radmir Fattakhov
Radmir Fattakhov

Analyst, Metals & Mining

Alfa
24 August 2021
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