Report

Magnit Company News - In-line profitability, better than expected working capital

-Revenue grew by 10.6% yoy, in-line with expectations
-EBITDA margin amounted to 7%, meeting expectations
-Net income margin was at 2.7%, a bit above expectations
-Net debt/EBITDA decreased to 1.1x as working capital improved
-We consider the results to be slightly positive
Underlying
Magnit PJSC Sponsored GDR RegS

Provider
Raiffeisen Bank International AG - Institutional Equity
Raiffeisen Bank International AG - Institutional Equity

The Institutional Equity Research team of Raiffeisen Bank International AG covers 85 stocks from Austria, Central & Eastern Europe with sell-side research and thus levers our local broker status with excellent company relationships. For corporates in Austria, CEE and Western Europe, we offer co-sponsored research, which includes research coverage and marketing activities to investors. Additionally, through our Spotlight Research product we also shed light on leading European small and micro-caps, seeking greater visibility with investors.

The Institutional Equity Research team consists of roughly 15 analysts, both in Vienna and the CEE countries. Our analysts provide long-standing sector expertise in tandem with profound local market know how and a sectoral approach across the entire region.

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