Alrosa\u2019s Q2 revenue increased 3% quarter-on-quarter to RUB 94 billion driven by a recovery in like-for-like rough diamond prices (+7%) and a better sales mix, as well as by robust sales of polished diamonds, including the unique Spectacle diamond.<\/p>\n\n\n\n
The nine-fold growth on a year-on-year basis was due to the low base of Q2 2020 (0.6 million carat vs 11.4 million carat in Q2 2021). Six-monthly revenue increased 2.5x to RUB 184 billion, mainly due to a 2.7x growth in sales volumes.<\/p>\n\n\n\n
Earnings before interest, tax, depreciation and amortisation (EBITDA) gained 36% quarter-on-quarter reaching RUB 46 billion, driven by higher average realised prices. 6M EBITDA went up 2.6x to RUB 79 billion.<\/p>\n\n\n\n
Net profit climbed 26% quarter-on-quarter to RUB 30.2 billion on stronger return on sales. The company\u2019s H1 net profit reached RUB 54.2 billion due to the increase in sales. <\/p>\n\n\n\n
Alexey Philippovskiy, Alrosa\u2019s CFO, said: \u201cQ2 saw a continued increase in demand for diamond jewellery, with the US and China (including Hong Kong) growing at an average of 35% and 15% respectively compared to 2019. Heading into the second half of the year, retailers note continued optimism among consumers and their increased interest in diamond jewellery.<\/p>\n\n\n\n
\u201cOur outlook for the end consumer market remains positive. The market is recovering faster than we predicted. Meanwhile, diamond supply is still 20% below the pre-Covid-19 levels, and the global production is unlikely to bounce back in the midterm.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Alrosa\u2019s Q2 revenue increased 3% quarter-on-quarter to RUB 94 billion driven by a recovery in like-for-like rough diamond prices (+7%) and a better sales mix, as well as by robust sales of polished diamonds, including the unique Spectacle diamond. The nine-fold growth on a year-on-year basis was due to the low base of Q2 2020…<\/p>\n","protected":false},"author":1,"featured_media":10561,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-10560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\n