• Steel Market Insider

    We strive to let you one step ahead of the market

Steel News
Advanced search
    Key words
  • Search By
  • Date
  • Classification
  • Region
Advanced search

Russian Severstal’s Q4 net profits increase by 7.9% q-o-q

  • A
  • A
  • A
Severstal, the largest steelmaker in Russia posted its IFRS net profits in last Q4 amounted to US$463 million, increasing by 7.9% from a quarter earlier.

In last Q4, the Russian steel giant realized revenues of US$3.727 billion, falling by 17.5%, reflecting sluggish market.

Meanwhile, Severstal posted EBITDA of US$767 million in last Q4, dropping by 24.7%.

Alexei Mordashov, the CEO of Severstal stated that the company remained its Q4 EBITDA margin at more than 20% in spite of weak steel demand and the uncertainty in the global markets.

In 2011, Severstal realized net profits of US$2.035 billion, in comparison of a net loss of US$575 million in a year earlier.
News Date 23 Apr 2012 15:47:30 reported by Frio Chou

Tata Steel's net profits turn positive in Q1 of fi...
Finance and economy
02 Sep 2015 10:29
Australia's BlueScope steel announces its financia...
Finance and economy
01 Sep 2015 09:20
Tata Group’s revenue increased by 5% this fiscal y...
Finance and economy
31 Aug 2015 15:44
Russia’s Evraz Group announces its net profit incr...
Finance and economy
31 Aug 2015 11:34
Sweden Schmolz+Bickenbach company announces its sa...
Finance and economy
28 Aug 2015 09:28
Most Popular