The net profit of Russian steelmaker Severstal went up by 28.4% YoY, to $461 million in January-March, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on April 17.
Revenue grew by 23%, to $2.173 billion in the period, and operating profit rose by 22.9%, to $585 million.
EBITDA increased by 22.1%, to $706 million, but the EBITDA margin shrank to 32.5% from 32.7%.
The company’s free cash flow more than quadrupled to $289 million. (Prime/Ukrainian metal)
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