ALROSA Company News: Q1 results - Decent FCF fully in line with expectations
-Stronger yoy results overall consistent with our estimates rated neutral at the end of the day-Flat EBITDA yoy on much stronger sales volume and the structural price deterioration yoy
-Sound NOCF and FCF on the back of the record-low inventories as well as new prepayments
-Unchanged production guidance with a limited upside if any forecasted for the FY 2021e
AK Alrosa PAO. AK Alrosa PAO (Aktsionernaya kompaniya ALROSA PAO or ALROSA Company PJSC), formerly AK Alrosa OAO, is a Russia-based company which is principally engaged in the exploration, mining, manufacture and sales of diamonds. Its operations include five Integrated Mining and Processing Complexes: Mirny, Udachny, Aikhal, Anabar and Nyurba located in the Sakha Republic; sorting divisions and diamond cutting and polishing division. The Company is a member of variable diamonds associations. It operates through several representative offices, branches and subsidiaries, including Alrosa-Nyurba OAO, Almazy Anabara OAO and Severalmaz OAO.
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