Alfa Bank
Evgeniy Kipnis
ekipnis@alfabank.ru
+7 495 795 3742
Aton
Victor Dima
victor.dima@aton.ru
+7 495 213 0344
Bank of America Merrill Lynch
Ilya Ogorodnikov
ilya.ogorodnikov@bofa.com
+7 495 662 6073
BCS
Dmitry Skryabin
dskryabin@bcsgm.com
+7 495 213 1509
Citi
Alastair Birkby
alastair.birkby@citi.com
+44 79 865 180
Gazprombank
Marat Ibragimov
marat.ibragimov@gazprombank.ru
+7 495 980 4187
Goldman Sachs
Maxim Nekrasov
maxim.nekrasov@gs.com
+7 495 645 4013
HSBC
Bulent Yurdagul
bulentyurdagul@hsbc.com.tr
+90 212 376 4612
JP Morgan
Elena Jouronova
elena.jouronova@jpmorgan.com
+7 495 967 3888
Morgan Stanley
Henrik Herbst
henrik.herbst@morganstanley.com
+44 20 76 77 1309
Raiffeisen
Egor Makeev
egor.makeev@raiffeisen.ru
+7 495 221 9851
Renaissance Capital
Kirill Panarin
kpanarin@rencap.com
+7 495 641 4216
Sberbank CIB
Mikhail Krasnoperov
mikhail_krasnoperov@sberbank-cib.ru
+7 495 933 9838
SOVA Capital
Artur Galimov
artur.galimov@sovacapital.com
+7 495 223 2323
UBS
Ulyana Lenvalskaya
ulyana.lenvalskaya@ubs.com
+7 495 648 2093
VTB Capital
Maria Kolbina
maria.kolbina@vtbcapital.com
+7 495 663 4648
Wood & Company
Lukasz Wachelko
lukasz.wachelko@wood.com
+48 22 222 15 60
Download table xlsx
Target Price and Recommendations
Local Shares
6 614 ₽
average target price
GDRs
19,0 $
average target price
Analyst Consensus
Sales growth y-o-y
7.8%
EBITDA margin
7.2%
Net Income margin
2.6%
Net debt/EBITDA
1.2x
Capex, RUB billion
59.2