In IH 2013 Severstal Russian Steel (included into Severstal) invested 8bn rub. in the development of the business which covers 41% out of the annual capital expenses, the company informed.
The funds are invested in the development of new kinds of products, increase in the output and support of fixed assets.
Some projects are realized in the sale sector including the building of the servicing metal center in Leningrad reg., reconstruction of Orlovsky Metal Plant to increase the production for the building sector.
Above 1bn rub. were invested in the industrial safety, ecology and social programs.
The Company (TIN 3528000597) is an international mining/metallurgic company having high experience in the acquisition and integration of the assets in North America and Europe. It has mining entities in Russia as well to provide the raw for the production.
The stocks are under circulation on MICEX, RTS; ADRs - on LSE.
In 2010 the revenues reached $13.573bn, EBITDA - $3.263bn. The output was fixed to come to 14.7mln ton of steel. Besides, Severstal produced 589ths ounce of gold at its deposits in West Africa, Kazakhstan and Russia.
The IH 2013 net losses (IAS) reached $163ths vs. $582.124mln in profit prior year period.
The revenues plunged 8.94% to $6.736bn from $7.397bn; operating profit - 42.68% to $500.114mln from $872.421mln; EBITDA - 27.22% to $909mln from $1.249bn; EBITDA margin - to 13.5% from 16.9%.
The IH 2013 net losses (RAS) gained 1.1bn rub. vs. 12.202bn rub. in profit prior year; revenues dropped 7.34% to 105.753bn rub. from 114.135bn rub.; profit from sales - 38.56% to 5.128bn rub. from 8.347bn rub.; pretax losses reached 708.697mln rub. vs. 14.82bn rub. in profit.