Russian mining and steel producing company Evraz Group has announced its financial results for 2011, reporting a four percent decrease in its net profit.
In the given year, Evraz registered sales revenues of about $16.4 billion, increasing 22 percent compared to the previous year. Consolidated adjusted EBITDA of Evraz for the year was $2.8 billion, with an adjusted EBITDA margin of 17.6 percent. The group's total debt as of December 31, 2011 amounted to $6.4 billion, decreasing 10 percent from the net debt at the end of 2010.
In 2011, Evraz produced 16.8 million mt of crude steel, up three percent year on year. Total steel products sales remained at 15.5 million mt, unchanged from the previous year.