Samolyot reports 22.3B RUB loss in first half
Corporate debt decreased by 7.2 billion rubles and amounted to 112.7 billion rubles.
Consensus
- Samolyot reported a net loss of approximately 22.3 billion rubles for the first half of 2024 under IFRS.
- The company's revenue declined by about 31% compared to the same period in the previous year.
- Samolyot faced multiple lawsuits from advertising agencies for unpaid debts totaling over 1 billion rubles.
- The company stated it plans to fulfill all financial obligations to partners.
- Samolyot has already paid 40% of the debt mentioned in the lawsuits.
Points of divergence
- The company's adjusted EBITDA was 41.8 billion rubles, with a profitability of 36%. — vedomosti
- The company's gross profit decreased by 36.4% to 41.43 billion rubles. — vedomosti
- The ratio of net corporate debt to adjusted EBITDA was 0.94x as of June 30. — vedomosti
- The ratio of net debt excluding project debt and escrow balances to adjusted EBITDA was 3.88x. — vedomosti
- EBITDA decreased by 27% to 41.8 billion rubles. — kommersant
- The company's shares fell to a low of 337 rubles per share, a drop of 5.8%. — kommersant
- The government rejected Samolyot's request for a preferential loan, citing that the company's situation was not critical. — kommersant
Coverage (2 sources)
- Loss of "Aircraft" for the first half of the year according to IFRS amounted to 22.29 billion rubles — Ведомости
- «Plane» suffered a loss of 22 billion rubles in the first half of the year compared to profit in the previous year — Коммерсантъ