April 28, 2009 – Evraz Group S.A. (LSE: EVR) today announces its audited financial results for the year ended 31 December 2008.
Highlights for FY 2008:
Financials:
Revenue advanced 58.5% to US$20,380 million reflecting strong pricing during the first three
quarters of the year, acquisitions and an improved sales mix
Consolidated adjusted EBITDA rose 46.9% to US$6,323 million
Net profit attributable to equity holders of Evraz Group S.A. decreased by 11.2% to
US$1,868 million affected by significant one-off charges and write-downs totalling
US$1,857 million and the challenging market environment in the fourth quarter of 2008
Operating cash flow increased by 52.6% to US$4,569 million, reflecting higher profit and the
ongoing focus on working capital management
Steel:
Crude steel production increased by 7.1% year-on-year to 17.7 million tonnes
Total steel sales volumes rose 3.9% to 17.0 million tonnes
Vanadium:
Revenues of vanadium segment increased by 106.9% to US$1,206 million
Sales volumes of vanadium products rose 18.9% year-on-year to 26,400 tonnes in vanadium
equivalent
Mining:
Iron ore self-coverage of 93%
Coking coal self-coverage of 89%
Corporate developments and acquisitions:
Acquisition of Claymont Steel for US$420 million completed in January
Acquisition of IPSCO Canada for US$2,450 million completed in June
Acquisition of select Ukrainian assets for US$1,110 million and 4,195,150 new Evraz shares
completed in September
Successful bond placements totalling US$2.0 billion completed in April and May
Highlights for FY 2008:
Financials:
Revenue advanced 58.5% to US$20,380 million reflecting strong pricing during the first three
quarters of the year, acquisitions and an improved sales mix
Consolidated adjusted EBITDA rose 46.9% to US$6,323 million
Net profit attributable to equity holders of Evraz Group S.A. decreased by 11.2% to
US$1,868 million affected by significant one-off charges and write-downs totalling
US$1,857 million and the challenging market environment in the fourth quarter of 2008
Operating cash flow increased by 52.6% to US$4,569 million, reflecting higher profit and the
ongoing focus on working capital management
Steel:
Crude steel production increased by 7.1% year-on-year to 17.7 million tonnes
Total steel sales volumes rose 3.9% to 17.0 million tonnes
Vanadium:
Revenues of vanadium segment increased by 106.9% to US$1,206 million
Sales volumes of vanadium products rose 18.9% year-on-year to 26,400 tonnes in vanadium
equivalent
Mining:
Iron ore self-coverage of 93%
Coking coal self-coverage of 89%
Corporate developments and acquisitions:
Acquisition of Claymont Steel for US$420 million completed in January
Acquisition of IPSCO Canada for US$2,450 million completed in June
Acquisition of select Ukrainian assets for US$1,110 million and 4,195,150 new Evraz shares
completed in September
Successful bond placements totalling US$2.0 billion completed in April and May
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