Report
Alexander Kudrin

CIS Market Daily - July 21, 2017

> Trader's comment on Russian market
> Market comment - On a quiet day, thoughts on indexes and eyes on a DR/local divergence
> Severstal reports in-line 2Q17 IFRS numbers
> Severstal takes first step toward buying another iron ore asset in Russia
> Metalloinvest sells its entire 1.8% stake in Norilsk Nickel
> X5 Retail Group: Revenues and rollout accelerate in 2Q17
> Lenta reports 16.3% top-line growth in 2Q17
Underlying
Lenta International PJSC

Lenta is a hypermarket group based in Russia. Co. operates 87 hypermarkets in 50 cities across Russia and 16 supermarkets in the Moscow region with a total of approximately 571,328 sq.m. of selling space. Co. also operates four distribution centers for hypermarkets and one for supermarkets. operates three hypermarket formats: Standard, typically with approximately 7,000 sq. m. of selling space (smaller than many Western European hypermarkets) and 24,000 stock keeping unit (SKUs); Compact, typically with approximately 5,000 sq. m. of selling space and 20,300 SKUs; and Supercompact, typically with approximately 3,000 sq. m. of selling space and 15,000 SKUs.

Provider
Sberbank
Sberbank

​Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.

Analysts
Alexander Kudrin

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