10,319.96 TRY BIST 100 BIST 100
4.49 CNY CNY CNY
35.03 EUR EUR EUR
32.22 USD USD USD
0.13 CNY CNY/EUR CNY/EUR
42.53 TRY Interest Interest
83.58 USD Fossil Oil Fossil Oil
29.64 USD Silver Silver
4.91 USD Copper Copper
116.38 USD Iron Ore Iron Ore
382.00 USD Ship Dismantling Ship Dismantling
2,467.82 TRY Gold (gr) Gold (gr)

Severstal publishes financial results for the first six months of 2023

During the reporting period, the company's free cash flow increased by...

Severstal publishes financial results for the first six months of 2023

The company's total revenue decreased by 10%, reaching 339,429 million rubles. This decrease is due to a decrease in average prices for the sale of products. Despite this, some easing of the situation was ensured by an increase in the share of sold metal products in total sales, as well as an increase in sales.

EBITDA (earnings before interest, taxes, depreciation and amortization) also showed a negative trend, falling to RUB 118,462 million, down 12% year-on-year.

During the reporting period, the company's free cash flow increased by 1%, amounting to RUB 60,050 million. 

The volume of capital investments (CAPEX) decreased by 36%, falling to 24,862 million rubles compared to the same period of the previous year. 

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

German iron ore prices continue to decrease

Friday, May 17, 2024

Major decline in the housing market: Sales are at their lowest point in 3 years

Friday, May 17, 2024

TYASA launches construction on advanced rolling mill in southeast Mexico

Friday, May 17, 2024

Welded pipe imports of Türkiye increased by 12.5% in January-March period

Friday, May 17, 2024

Economic retaliation from Israel for Türkiye's decision

Friday, May 17, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now