Interfax reported that analysts at 11 investment companies and banks surveyed by Interfax expect OJSC Severstal EBITDA for the third quarter of this year to increase by 50%YoY to USD 1.1 billion.
The consensus forecast puts Severstal consolidated sales revenue for the third quarter at USD 4.7 billion up by 20%YoY and 7% above the previous quarter. Net profit, including losses from exchange rate differences is forecast at USD 414 million.
| Investment bank or company | Sales revenue | EBITDA | Net Profit |
| ING | 4 754 | 1 132 | 415 |
| UBS | 4 755 | 1 070 | 370 |
| UniCredit | 4 432 | 1 050 | 548* |
| Alfa-Bank | 4 833 | 1 098 | 592* |
| BCS | 4 421 | 1 072 | 562* |
| VTB Capital | 4 861 | 1 174 | 703* |
| Metropol | 4 761 | 1 088 | 430 |
| Otkritie | 4 747 | 1 121 | 403 |
| Renaissance Capital | 4 718 | 1 138 | 441 |
| Troika Dialog | 4 786 | 1 121 | 463* |
| Uralsib Capital | 4 740 | 1 126 | 425 |
| Consensus | 4 710 | 1 108 | 414 |
| Q2 2011 | 4 383 | 1 109 | 602 |
| Q3 2010 | 3 935 | 751 | 368 |
| Q3 2011 / Q2 2011 % | 7 | 0 | -31 |
| Q3 2011 / Q3 2010 % | 20 | 48 | 13 |
In USD million
According to analysts Uralsib Capital, the high-level for EBITDA and margin results for the third quarter will be confirmed by Severstal management. Even though Nordgold spinoff in the fourth quarter will reduce EBITDA by around 15%-20%, the company steelmaking and production divisions will still be the most efficient in Russia.
OJSC Severstal has assets in Russia, the US, Ukraine, Latvia, Poland, Italy, Liberia and Brazil. In addition, the company formed the gold production division Nordgold which includes gold production enterprises and geological projects in Russia, Kazakhstan, Burkina-Faso and Guinea.
The company closed the first half of 2011 with USD 1.1 billion in net profit, EBITDA USD 2 billion and sales revenue USD 8.1 billion.
(Sourced from Interfax)
