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Severstal/Izhorsky Pipe Plant signed contract.

Mar. 13 Severstal and Izhorsky Pipe Plant signed contract on the metal products delivery, the company informed.

The contract is worth 7.9bn rub.; it expires in Dec. 2014.
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 9-month 2013 net profit (RAS) 2.85 fold to 3.16bn rub. from 9.016bn rub. prior year; revenues - 6.92% to 160.213bn rub. from 172.133bn rub.; profit from sales - 19.15% to 10.772bn rub. from 13.323bn rub.; pretax profit - 3.28 fold to 3.401bn rub. from 11.151bn rub.

The 2013-net profit (IAS) dropped 9.18 fold to $83mln from $762mln; revenues declined 5.62% to $13.312bn from $14.104bn; operating profit - 9.04% to $1.258bn from $1.383bn; EBITDA - 4.4% to $2.063bn from $2.158bn; EBITDA margin coming to 15.5% vs. 15.3% prior year.

"AK&M", 14.03.2014


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