Severstal's net profit for the first half of 2024 decreased by 21% to 83.32 billion rubles from 105 billion rubles a year earlier. Revenue increased by 21% to 409.14 billion rubles from 339.43 billion rubles, EBITDA increased by 6% to 126.56 billion rubles from 119.26 billion rubles. This is stated in the company's message.
Severstal is a vertically integrated mining and metallurgical company that creates new products and integrated solutions from steel together with customers and partners. The company's production assets are concentrated in Russia. The shares are traded on the Moscow Stock Exchange (ticker CHMF).
Severstal's net profit for the first quarter of 2024 increased by 13% to RUB 47.4 billion from RUB 42 billion a year earlier. Revenue increased by 20% to RUB 188.7 billion from RUB 157.6 billion, EBITDA increased by 25% to RUB 65.3 billion from RUB 52.1 billion.
