ATON EQUITY RESEARCH. ATON MEDIA & IT DAY: Overview and Outlook

03/25/2013
On 18 Mar, Aton held its Media & IT Day at the Baltschug Kempinski Hotel in Moscow. Representatives of major Russian public companies from the sector met with investors to discuss key developments in the industry.
 
In general the companies confirmed their guidance for 2013. Due to the slowdown in the Russian economy in 1Q13, the companies’ estimates for further growth this year were conservative. Nevertheless, we emphasise that Media & IT companies remain some of the fastest growing in Russia. Another key advantage is the lack of debt among sector companies and in some cases significant cash positions, which should help to protect the firms against any further deterioration in the macroeconomic environment. Below we present the key issues discussed at the meetings.

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