• 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 Thai Unit faces net loss ...
Finance and economy
26 Feb 2015 11:20
LKAB sees 2014 net profit plunge ...
Finance and economy
24 Feb 2015 10:25
SAIL's net profit up by 9%...
Finance and economy
24 Feb 2015 10:17
Outokumpu reports $439 million net loss in 2014...
Finance and economy
24 Feb 2015 10:09
Spain’s Tubacex to acquire stake in India’s Prakas...
Finance and economy
24 Feb 2015 09:55
Most Popular