Evraz Group S.A announces its preliminary audited results for the year ended 31 December 2006 with a strong year-on-year growth in sales volumes and revenues, RZD-Partner reports.
Revenues growth of 27.4% to US$8,292 million from US$6,508 million in 2005, consolidated adjusted EBITDA up 42.7% to US$2,652 million from US$1,859 in 2005, Net profit growth of 50.9% to US$1,385 million from US$918 million in 2005, strong cash flow generation from operating activities up by 39.8% to US$2,092 million due to increased profit margins and efficient working capital management, Earnings per GDR increase by 45.4% from US$2.71 to US$3.94.
Crude steel production grew by 16% to 16.1 million tones, total steel sales volumes climbed by 24.5% to 16.0 million tonnes driven by organic growth, acquisitions in Europe and inventory reductions, strong leadership growing Russian long products market with favourable pricing environment through 2006, successfully implemented capital investments programme of US$660 million, reports press-service of Evraz.
Revenues growth of 27.4% to US$8,292 million from US$6,508 million in 2005, consolidated adjusted EBITDA up 42.7% to US$2,652 million from US$1,859 in 2005, Net profit growth of 50.9% to US$1,385 million from US$918 million in 2005, strong cash flow generation from operating activities up by 39.8% to US$2,092 million due to increased profit margins and efficient working capital management, Earnings per GDR increase by 45.4% from US$2.71 to US$3.94.
Crude steel production grew by 16% to 16.1 million tones, total steel sales volumes climbed by 24.5% to 16.0 million tonnes driven by organic growth, acquisitions in Europe and inventory reductions, strong leadership growing Russian long products market with favourable pricing environment through 2006, successfully implemented capital investments programme of US$660 million, reports press-service of Evraz.