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
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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