Earnings Report /
Russia

Lenta Ltd: 2Q21 trading update and unaudited financial results – Neutral-to-negative

  • Lenta (LNTA LI: O/W; TP $3.2/GDR) reported its 2Q21 trading update and unaudited financial results

  • 2Q21 total sales decreased 0.2% y/y (vs +1.2% y/y in 1Q21) and reached RUB110.8bn.

  • The company updated its 2021 guidance to at least 200k sqm selling space growth

Evgeniy Kipnis
Evgeniy Kipnis

Senior Banking/Consumer Analyst

Olesya Vorobyeva
Olesya Vorobyeva

Analyst, TMT, Agro and Retail

Alfa
26 July 2021
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