9 Sep 2009 16:40

Steel maker MMK could raise IFRS revenue 5.5% in Q2

MOSCOW. Sept 9 (Interfax) - Magnitogorsk Iron & Steel Works (MMK) could have increased sales revenue to International Financial Reporting Standards (IFRS) 5.5% in the second quarter compared with the first quarter of 2009 to $1.018 billion, analysts said in a consensus forecast for Interfax.

EBITDA is expected to have soared 90% to $187 million.

Consensus forecast for MMK ($ mln):

Investment bank or company Sales revenue EBITDA Net profit (loss)
UBS 1 045 150 (22)
Uralsib Capital 1 021 205 51
Deutsche Bank 1 000 200 (50)
KIT Finance 1 039 189 (29)
ING Bank 1 033 168 (15)
Credit Suisse 1 038 236 (25)
Morgan Stanley 1 057 211 56
Alfa-Bank 967 141 (74)
Bank of Moscow 1 019 155 (40)
RMG Reseach 1 013 182 1