Evraz posts improved sales revenues for Jan-Sept

Tuesday, 15 November 2011 11:15:25 (GMT+3)   |  
       

Russian mining and steel producing company Evraz Group announced sales revenues of about $12.5 billion for the first nine months ended on September 30, up from $9.7 billion in the same period of 2010.

Evraz Group's adjusted EBITDA for the period was $2.4 billion, with an adjusted EBITDA margin of 19.2 percent. The group's total debt as of September 30, 2011 amounted to $7.2 billion, including $672 million of short-term loans and the current portion of long-term debt. 

During the period in question, Evraz Group's total steel products sales amounted to 11.7 million mt, while iron ore sales volumes including intersegment shipments totaled 15 million mt.


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