EVRAZ ANNOUNCES ITS AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2017

Date of publication: 01.03.2018

EVRAZ plc (“EVRAZ” or “the Company”) (LSE: EVR) announces its audited results for the year ended 31 December 2017.

FY 2017 HIGHLIGHTS

• Strong free cash flow of US$1,322 million (FY2016: US$659 million)

• Continued reduction in net debt: US$4.0 billion (FY2016: US$4.8 billion)

• Total EBITDA effect from cost-cutting and customer focus initiatives was US$267 million in 2017

• Consolidated EBITDA of $2,624m, up 70.2% from $1,542m in FY2016, driving the EBITDA margin from 20.0% to 24.2%, due to strong market conditions and numerous improvement initiatives

• Net profit of US$759 million vs. net loss of US$188 million in FY2016

• Cash-cost of steel and raw materials in Russia increased mostly as a result of rouble appreciation:

  • o cash cost of slabs increased to US$247/t from US$183/t in FY2016
  • o cash costs of washed coking coal of US$42/t (FY2016: US$30/t)
  • o cash costs of iron ore products (58% Fe content) of US$34/t (FY2016: US$26/t)

• A second interim dividend of US$429.6 million (US$0.30 per share) has been declared, reflecting the Board’s confidence in the Group’s financial position and outlook.

Download full version

###

For further information:

Media Relations:

London: +44 207 832 8998 Moscow: +7 495 937 6871

media@evraz.com

Investor Relations:

London: +44 207 832 8990 Moscow: +7 495 232 1370

ir@evraz.com




Back to the list