In the same category

Evraz

Published : August 29th, 2013

ANNOUNCES UNAUDITED INTERIM FINANCIAL RESULTS FOR H1 2013

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Coal | Debt | London | Russia |

EVRAZ ANNOUNCES UNAUDITED INTERIM FINANCIAL RESULTS FOR H1 2013

EVRAZ plc (�EVRAZ� or “the Company”) (LSE: EVR) today announces its unaudited interim results for the six months ended 30� June 2013 (“the Period”).

H1 2013 HIGHLIGHTS

Commenting on the interim results in respect of 2013, Alexander Frolov, Chief Executive of EVRAZ, stated:

“While our sales volumes were broadly flat at 7.8 million tonnes in H1� 2013, the financial results inevitably reflect the weaker steel price environment, with revenues decreasing 3% vs. H1� 2012 to US$7,362� million and EBITDA declining to US$939� million.

During the reporting period we successfully delivered on three key investment projects: the commissioning of the new coking coal mine Yerunakovskaya VIII, the launch of the modernised rail mill at EVRAZ ZSMK and the introduction of PCI technology at EVRAZ NTMK. Each of these undertakings represents an important milestone in our strategy to develop our raw material base, enhance our product portfolio and preserve our low cost position in the global steelmaking industry. At the same time, in the face of challenging conditions for the global steel sector, we have revised and further adjusted our expansion plans in order to significantly increase the flexibility of future capital expenditure”.


Six months to 30� June

� 

� 

� 

(US$ million)

2013

2012

Change

Consolidated revenue

7,362

7,619

(3.4)%

Consolidated EBITDA

939

1,184

(20.7)%

Net loss

(122)

(46)

165.2%

Loss per share, (US$)

(0.07)

(0.03)

133.3%

Net cash flows from operating activities

628

1,089

(42.3)%

CAPEX

492

565

(12.9)%


30� June 2013

31� December 2012

� 

Net debt

7,043

6,376

10.5%

Total assets

18,821

17,805

5.7%

� 

Download full text

CoNFERENCE CALL DETAILS

A webcast/conference call to discuss the results hosted by Alexander Frolov, CEO, and Giacomo Baizini, CFO, will commence today, 29 August, at:

3 pm (London Time)

6 pm (Moscow Time)

10 am (New York Time)

To join the webcast please register on-line at � http://webeventservices.reg.meeting-stream.com/81111/

or dial

0 800 694 0257� � � � � � � � � � � � � � � � � � � � � �  in the UK (toll-free)

8 10� 800 2097 2044� � � � � � � � � � � � � � � �  in Russia (toll-free)

1 866 966 9439� � � � � � � � � � � � � � � � � � � � � �  in the USA (toll-free)

+44 (0) 1452 555 566� � � � � � � � � � � � �  International Dial-in

Conference ID 31843434

To avoid any technical inconveniences it is recommended that participants dial in 15 minutes before the event start time.

The playback will be available until 4 September 2013.

Participants requesting the playback should dial:

0 800 953 1533� � � � � � � � � � � � � � � � � � � � � �  in the UK (toll-free)

1 866 247 4222� � � � � � � � � � � � � � � � � � � � � �  in the US (toll-free)

+44 (0) 1452 55 00 00� � � � � � � � � � � �  International Dial-in

and enter the Code 31843434 followed by the # sign.�  .
Data and Statistics for these countries : Russia | All
Gold and Silver Prices for these countries : Russia | All

Evraz

EXPLORATION STAGE
CODE : EVGPY
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Evraz is a tungsten producing company based in Luxembourg.

Its main exploration property is PINE CREEK MINE in USA.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financials of Evraz
8/29/2013ANNOUNCES UNAUDITED INTERIM FINANCIAL RESULTS FOR H1 2013
Project news of Evraz
12/20/2013has launched its rolling mill in Kostanay
10/15/2013enters agreement to sell Gramoteinskaya thermal coal mine
10/14/2013Suspends Operations at Claymont Mill
4/18/2013Q1 2013 Production Report and Interim Management Statement
Corporate news of Evraz
12/27/2013optimises Evrazruda’s assets
12/26/2013products to Europe
11/20/2013signs Memorandum of Understanding to sell ore business in Kh...
9/19/2013signs an agreement to sell the iron ore mining asset VGOK
9/16/2013announces disposal of a heat and power generating station in...
7/30/2013Suspends Operations at EVRAZ Palini e Bertoli in Italy
7/9/2013Statement re. press speculation concerning EVRAZ Highveld St...
6/13/2013Results of the Annual General Meeting
4/24/2013Prepays US$950 Million Structured Credit Facility Due 2015
1/18/2013News
10/4/2012News
5/17/2012News
4/20/2012News
9/6/2011News
4/28/2011News
4/21/2011News
4/15/2011News
4/14/2011News
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
OTHER OTC (EVGPY)FRANKFURT (HK1A.F)
68.15011.10-10.45%
OTHER OTC
US$ 68.15
11/20 01:31 -
0%
Prev close Open
- 68.15
Low High
68.15 68.15
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  68.15 -%
Volume 1 month var.
0 -%
Produces
Develops
Explores for Tungsten
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.66-0.71%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 12.26+2.68%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.53-1.87%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.64-1.86%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 16.23+4.04%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+4.26%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.22+2.38%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.88+0.53%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.71+0.19%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+5.56%Trend Power :