Earnings Report /
Russia

Alrosa: 3Q21 financials review – Down q/q but ahead of consensus; Neutral-to-positive

  • ALROSA released its 3Q21 financial results which were expectedly lower q/q due to lower sales volumes

  • The net working capital change was RUB 2.2 bn which positively impacted the FCF line.

  • The y/y comparison of 9M21 showed a structurally better situation in the sector with revenue

Boris Krasnozhenov
Boris Krasnozhenov

Head of Research (Managing Director)

Yulia Tolstykh
Yulia Tolstykh

Analyst, Metals & Mining

Alfa
11 November 2021
Published by