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2021-07-16

PAO Severstal: Severstal reports Q2 2021 financial and operational results

PAO Severstal (SVST)
PAO Severstal: Severstal reports Q2 2021 financial and operational results

16-Jul-2021 / 10:00 MSK
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


 

Severstal reports Q2 2021 financial and operational results

 

- EBITDA margin expanded to 56%; Delivering 42% EBITDA and 88% FCF growth qoq -

 

Moscow, Russia -  16 July 2021 - PAO Severstal (MOEX: CHMF; LSE: SVST), one of the world's leading steel and steel-related mining companies, increased its revenue by 33% qoq to $2,946 mln, EBITDA reached $1,647 mln (+42% qoq), EBITDA margin increased to 55.9% (+3.5 ppts qoq).

 

KEY CONSOLIDATED OPERATIONAL AND FINANCIAL RESULTS

 

 

Q2 2021

Q1 2021

qoq

6m 2021

6m 20206

yoy

Financials, $ million

 

 

 

 

 

 

Revenue

2,946

2,219

32.8%

5,165

3,295

56.8%

EBITDA1

1,647

1,162

41.7%

2,809

1,056

166%

EBITDA margin, %

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