Last €7.41 EUR
Change Today -0.173 / -2.28%
Volume 700.0
RTS2 On Other Exchanges
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As of 5:43 AM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

severstal - gdr reg s (RTS2) Snapshot

Open
€7.54
Previous Close
€7.58
Day High
€7.56
Day Low
€7.41
52 Week High
08/21/14 - €7.63
52 Week Low
03/14/14 - €4.20
Market Cap
6.2B
Average Volume 10 Days
691.7
EPS TTM
--
Shares Outstanding
837.7M
EX-Date
09/18/14
P/E TM
--
Dividend
€0.24
Dividend Yield
3.03%
Current Stock Chart for SEVERSTAL - GDR REG S (RTS2)

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severstal - gdr reg s (RTS2) Details

Open Joint-Stock Company Severstal operates as an integrated steel and steel related mining company worldwide. It operates through Severstal Resources, Severstal Russian Steel, and Severstal International divisions. The Severstal Resources division mines iron ore and coking coal in the Russian Federation, and operates a coking coal complex in the United States. The Severstal Russian Steel division produces hot and cold-rolled flat and long steel products, and galvanized and color-coated steel products for construction, automotive, machinery, and electrical industries; and steel sections and automotive systems, as well as manufactures and repairs energy equipment. This division also offers diameter pipes from plate electric-welded pipes, and low-carbon and high-carbon wire rods, nails, cold-drawn steel, steel ropes, and netting and fastenings; as well as provides construction and equipment assembly services. The Severstal International division operates integrated iron and steel mills, as well as a mini-mill that produces steel products for the automotive, appliance, construction, container, pipe and tubing, distribution, converter and service centre industries. This division also offers steel solutions, such as ceiling grids, grain systems, HVAC equipment, machinery, metal buildings, and water heaters. The company was founded in 1955 and is based in Cherepovets, the Russian Federation.

Founded in 1955

severstal - gdr reg s (RTS2) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

severstal - gdr reg s (RTS2) Key Developments

Severstal Signs $200 Million Purchase and Sale Contract with Severstal Export

On July 18, 2014 Severstal OAO signed an interested-party deal - a contract for purchase and sale of steel products, entered into between the company and Severstal Export GmbH (the buyer). Term of the deal: through June 30, 2015. Approximate value of the deal: $200 million.

Severstal Could Pay $1 Billion Special Dividend; Intended to Implement Change Current Dividend Policy

Severstal could pay special dividends of $1 billion of the $2.3 billion it received from the sale of its North American factories Severstal Dearborn LLC and Severstal Columbus LLC. The company also intends to implement changes to the current dividend policy as concerns quarterly dividend payments, which could grow to at least 50% of net profit to International Financial Reporting Standards from the current 25%.

OAO Severstal Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Revised Capex Guidance for 2014

OAO Severstal reported consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, revenue was $3,253 million against $3,004 million for the first quarter of 2014. EBITDA was $606 million against $534 million for the first quarter of 2014. Profit from operations was $404 million against $336 million for the first quarter of 2014. Free cash flow was $486 million against $236 million for the first quarter of 2014. Net loss was $661 million against $100 million for the first quarter of 2014. Net loss per basic share was $0.82 against $0.12 for the first quarter of 2014. Group revenue increased 8.2% quarter-over-quarter driven by a strong seasonal rebound in steel product sales volumes as well as a moderate recovery in steel prices. Net loss includes expected non-cash losses preliminary estimated at $1,066 million on the disposals of Severstal Dearborn LLC, Severstal Columbus LLC, PBS Coals Ltd. and a positive FX gain of $199 million. Excluding these non-cash items, Severstal would have posted a net profit of $206 million against net profit of $221 million excluding non-cash items for the first quarter of 2014. Capex was $211 million, 20.1% lower quarter-over-quarter, reflecting flexible approach to investments as well as the completion of the Balakovo Mini-Mill project. For the first quarter of 2014, Capex was $264 million. For the six months, revenue was $6,260 million against $6,736 million last year. EBITDA was $1,140 million against $909 million last year. Profit from operations was $740 million against $500 million last year. Free cash flow was $722 million against $133 million last year. Net loss was $760 million. Net loss per basic share was $0.94. Revenue was 7.1% lower year-on-year as Russian Steel and Resources divisions experienced lower realized prices and sales volumes. EBITDA increased 25.4% year-on-year driven by an ongoing focus on operational enhancements, improved performance at Severstal International and lower raw materials input costs at steel operations. Net loss includes expected non-cash losses preliminary estimated at $1,066 million on the disposals of Severstal Dearborn LLC, Severstal Columbus LLC, PBS Coals Ltd. and a negative FX loss of $121 million. Excluding these non-cash items, Severstal would have posted a net profit of $426 million against $241 million last year. Capex was $475 million against $562 million last year. Net debt was $3,080 million against $3,552 million at the end of first quarter of 2014. For 2014, capex (in USD) may be lower than previously stated target of $976 million due to the weakening RUB.

 

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