OGK-2 posts 8.74 bln rubles in IFRS EBITDA for 2011 - consensus forecast
MOSCOW. April 23 (Interfax) - According to investment and banking analysts surveyed by Interfax, generating company OJSC OGK-2 , including OGK-6 which was merged into OGK-2 in November 2011, posted 8.74 billion rubles in EBITDA according to international financial reporting standards (IFRS) for 2011.
According to this consensus forecast, the genco's net profit came to around 2.68 billion rubles on average.
According to the experts, sales revenue came to 105.7 billion rubles.
Analysts forecasts for OGK-2's IFRS results for 2011 (in bln of rubles):
| Company | Sales revenue | EBITDA | Net profit |
| VTB Capital | 113.3 | 11.5 | 4.6 |
| Alfa-Bank | 97.952 | 7.397 | 3.326 |
| RMG | 106.852 | 5.88 | 1.852 |
| Metropol | 104.657 | 10.401 | 4.162 |
| UBS | 105.876 | 9.438 | 2.681 |
| Merryll Lynch | 102.271 | 5.526 | 0.467 |
| Troika Dialog | 104.312 | 14.042 | 7.346 |
| BCS | 109.76 | 7.57 | 0.91 |
| Goldman Sachs | 107.281 | 7.237 | 1.104 |
| Renaissance Capital | 106.68 | 9.161 | 0.68 |
| Otkritie | 103.788 | 8.047 | 2.321 |
| Consensus | 105.7 | 8.74 | 2.68 |
It was earlier reported that OGK-2's IFRS sales revenue for 2010 came to 47.86 billion rubles, EBITDA - 4.89 billion rubles, and net profit -2 .19 billion rubles. OGK-6 posted 48.6 billion rubles, 5.4 billion rubles, and 2.2 billion rubles, respectively.
OGK-2 will publish its IFRS results for 2011 on Tuesday, April 24.
After the merger of OGK-6 at the end of 2011, OGK-2 has around 18 gWt in generating capacity. The genco includes 8.7 gWt in OGK-2's previous capacity (Serov, Troitsk, Stavropol, and Pskov State District Power Plants (GRES)) and 9.2 gWt in capacity from the liquidated OGK-6 (Ryazan, Novocherkassk, Kirishskaya, Krasnoyarsk, and Cherepovets GRES). The genco is controlled by Russian gas giant Gazprom .