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 |
