In particular, Severstal CYBB Limited, Lybica Holding BV withdrew from Severstal's authorized capital after divestment of their stakes. Holdgrove Limited acquired the right to own 3.2% of Severstal shares Holdgrove Limited increased its interest to 0.23% from 0.2%.
Severstal is an international mining and metallurgical company focusing on high value added products. The company has considerable experience of acquisition and integration of assets in North America and Europe. It also possesses mining enterprises in Russia providing the company's production assets with raw materials.
In 2010, the company's revenue was USD 13,573 million, EBITDA reached USD 3,263 million, the steel output was 14.7 million tons. Severstal also produced 589 thousand ounces of gold at its gold mining assets in Western Africa, Kazakhstan and Russia. The company's shares are listed on the Russian Stock Exchanges RTS and MICEX its GDRs are listed on the LSE.
Net profit (IFRS) of OJSC Severstal for 9 months 2012 decreased by 40% to USD 912 million from USD 1.572 billion the year before. Revenue decreased by 9.1% to USD 10.988 billion from USD 7.566 billion from USD 12.085 billion, EBITDA by 37.1% to USD 1.772 billion from USD 2.817 billion. EBITDA margin decreased to 16.1% from 23.3%.
Net profit (RAS) of OJSC Severstal for January to September 2012 decreased by 39.74% to RUB 9.012 billion from RUB 14.955 billion for 9 months 2011. Revenue fell by 10.62% to RUB 172.133 billion from RUB 192.577 billion sales profit by 44.48% to RUB 13.323 billion from RUB 23.995 billion, pre tax profit by 21.29% to RUB 11.151 billion from RUB 14.168 billion.
Source - AK&M
