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RSS FeedsSeverstal reports Q1 2019 fiacial results
(WorldNews Africa)

 
 

23 april 2019 01:37:11

 
Severstal reports Q1 2019 fiacial results
(WorldNews Africa)
 


April 22, 2019 PAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world`s leading steel and steel-related mining companies, today announces its Q1 2019 financial results for the period ended 31 March 2019. CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 31 MARCH 2019 $ million, unless otherwise stated Q1 2019 Q4 2018 Change, % Q1 2019 Q1 2018 Change, % Revenue 2,031 2,085 (2.6%) 2,031 2,173 (6.5%) EBITDA1 663 794 (16.5%) 663 706 (6.1%) EBITDA margin, % 32.6% 38.1% (5.5 ppts) 32.6% 32.5% 0.1 ppts Profit from operations 555 685 (19.0%) 555 585 (5.1%) Operating margin, % 27.3% 32.9% (5.6 ppts) 27.3% 26.9% 0.4 ppts Free cash flow2 389 233 67.0% 389 289 34.6% Net profit3 428 578 (26.0%)...


 
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