Stock market news

M.Video

M.Video-Eldorado Group plans to reveal the main provisions of its new development strategy in 2024, the group's CFO Anna Garmanova told Interfax in a big interview. Company has largely already updated its business model, focusing on three main areas: assortment, operational efficiency and investment control. However, there are still several areas whose devel...

X5 Group

X5 Retail Group plans to open its first stores in the Jewish Autonomous Region and the Amur Region in 2024. In March of this year, the company started operating the Pyaterochka retail chain in other regions of the Far East - the Primorsky and Khabarovsk Territories. Currently, 45 retail outlets are already operating there. By the end of the year, 120 stores...

VK

Moscow Exchange decided to limit settlement codes for VK receipts due to upcoming conversion of securities as a result of redomiciliation. Last day for transactions in the main trading mode will be September 18, 2023.

Rosneft Oil Company

Investments in the implementation of the Vostok Oil project are estimated at ₽12 trillion for the development period, Rosneft head Igor Sechin told Russian President Vladimir Putin, noting that the project is self-sustaining. Vostok Oil's liquid hydrocarbons production potential may reach 115 million tons per year. It is planned to ship 30 million tons of oi...

Aeroflot

Aeroflot Group in August 2023 carried 5.22 million passengers, up 7.5% from 4.855 million passengers a year earlier. Passenger turnover increased by 12.5% to 13.655 billion pkm. Seat occupancy increased by 1 p.p. to 91.7%.

Polyus

Polyus expects to receive a feasibility study for the Chulbatkan gold deposit in Khabarovsk Krai in 2025, and to launch production in 2029-2030. Company bought the deposit in June last year for $140 mln. Now survey works are being carried out there, which will allow to determine the optimal configuration of the project.

VK

Skillbox Holding will increase its stake in IT school Skillfactory to 100%. The deal is planned to be finalized in early 2024, its amount and other details are not disclosed. Skillbox now owns 63.8% of Skillfactory. After the deal closes, the online school will continue to develop the Skillfactory and Contented brands.

M.Video

M.Video-Eldorado expects to reduce its net debt to EBITDA ratio below 4x by the end of 2023 through turnover growth and cost optimization. At the end of June, the ratio was 5.3x, which was caused by the growth of inventories and advance payments for import supplies before the start of the high season. At the end of 2022, the debt load was at 4.2x.

M.Video

M.Video-Eldorado Group's turnover in July-August increased by 40% year-on-year. In September, comparable dynamics were also maintained. Compared to the pre-crisis year 2021, the indicator also increased. In July, GMV increased by more than 6% year-on-year, and in August - by more than 8%.

Rostelecom

Rostelecom-Solar is undergoing internal transformation and will soon split its business into two divisions, as Rostelecom's status as a state-owned company hinders Rostelecom-Solar's promotion in the information security market. One of the divisions will provide services to the parent company and government agencies under the Rostelecom brand, while the seco...