The Russian mining and steel producer Evraz Group has released its financial results update for the first quarter of 2009.
Accordingly, during the period in question, Evraz’s revenue amounted to $2.413 billion, its adjusted EBITDA was $305 million with adjusted EBITDA margin of 12.6 percent, its capital expenditures amounted to $103 million, while its cash and cash equivalents at the end of the first quarter stood at approximately $855 million. The company’s total debt as of March 31, 2009 amounted to approximately $9.041 billion, including $3.775 billion of short-term loans and the current portion of its long-term debt. The company did not issue year-ago comparative figures.
Evraz’s total steel products sales in Q1 2009 amounted to 3.5 million mt, including 1.275 million mt of semi-finished products, 821,000 mt of construction products, 484,000 mt of flat rolled products, 418,000 mt of railway products, 236,000 mt of tubular products, and 109,000 mt of pig iron. Evraz’s iron ore sales volumes, including intersegment shipments, totalled four million mt.
During the period in question, Evraz’s coal sales, including intersegment shipments, amounted to 3.8 million mt, including 1.1 million mt of raw coking coal, 1.4 million mt of steam coal and 0.9 million mt of coking coal concentrate.