OAO Severstal one of the world leading integrated steel and mining companies announces its H1 and Q2 2010 financial results.
H1 2010
H1'10 H1'09 Change
Revenue 7,387 4,810 53.60%
EBITDA 1,447 -30 N/A
Profit /(loss) from operations 1,026 -426 N/A
Net (loss4)/profit -593 -946 -37.30%
EPS -0.59 -0.94 N/A
In USD million
H1 2010 highlight
1. Revenue increased by 53.6% to USD 7,387 million
2. EBITDA was USD 1,447 million
3. EBITDA margin of 19.6%
4. Net loss1 of USD 593 million
5. Profit/(loss) from continuing operations USD 470 million
6. Cash and Short-Term Deposits totaled USD 2,005 million as of the end of June 2010
7. Severstal International reduced its loss from operations to USD 139 million
Q2 2010
Q2'10 Q1'10 Change
Revenue 4,245 3,142 35.10%
EBITDA 955 492 94.10%
Profit /(loss) from operations 728 298 144.30%
Net (loss4)/profit 192 -785 N/A
EPS 0.19 -0.78 N/A
In USD million
Q2 2010 highlight
1. Strong increase in revenue over the previous quarter with EBITDA nearly doubling to USD 955 million.
2. Net Profit of USD 192 million;
3. Profit/(loss) from continuing operations USD 393 million
4. Revenue increased by 35.1% to USD 4,245 million
5. EBITDA increased by 94.1% to USD 955 million
6. EBITDA margin was 22.5%
7. Severstal International (North America):
I). Positive EBITDA of USD 59 million in Q2 2010;
II). Almost break-even with a USD 1 million loss from operations.
Tuesday, September 7, 2010
Severstal reports H1 and Q2 2010 financial results
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