Earnings Report /
Russia

RusAgro: Reports solid 2Q21 IFRS numbers, declares USD0.89/GDR interim dividend; Positive

  • RusAgro (AGRO LI: O/W, TP $16.9) reported solid 2Q21 IFRS results

  • Solid set of numbers: revenue up 39% y/y, margin enhancement by 2.5pp to 20%; leverage broadly flat q/q

  • Strong profitability in Oil & Fat and Crops divisions on surged prices, Sugar segment affected by expensive sugar beet

Anna Kurbatova
Anna Kurbatova

Senior Analyst, TMT & Agro

Olesya Vorobyeva
Olesya Vorobyeva

Analyst, TMT, Agro and Retail

Alfa
16 August 2021
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