In 2009 Severstal according to its financial report has got net loss of $ 1.037 billion. This is especially impressive in comparison with $ 2.029 billion of net profit in 2008.
In 2009 income dropped by 41.5% to $ 13.054 billion, EBITDA dropped 6.3 times in recent year – to $ 844 M.
Financial results of Severstal, million USD
2009
2008
Income
13054
22393
Operational profit/-loss
-145
4216
EBITDA
844
5358
Net profit/-loss
-1037
2029
Severstal management hopes for moderate recover of its major consuming industries this year, as well as for holding its positions in EU, Middle East and African markets.
Wednesday, March 10, 2010
Ferrous metals,
Common
Source:
Rusmet.ru
