Serverstal increases its revenue by 9% qoq to $3,206 mln in Q3 2021
by David Fleschen
PAO Severstal (MOEX: CHMF; LSE: SVST), one of the world’s leading steel and steel-related mining companies, increased its revenue by 9% qoq to $3,206 mln, EBITDA reached $1,723 mln (+5% qoq), EBITDA margin amounted to 54% (-2 ppts qoq).
KEY CONSOLIDATED OPERATIONAL AND FINANCIAL RESULTS
|
|
Q3 2021 |
Q2 2021 |
qoq |
9m 2021 |
9m 20206 |
yoy |
|
Financials, $ million |
|
|
|
|
|
|
|
Revenue |
3,206 |
2,946 |
9% |
8,371 |
5,147 |
63% |
|
EBITDA1 |
1,723 |
1,647 |
5% |
4,532 |
1,712 |
165% |
|
EBITDA margin, % |
54 |
56 |
(2ppts) |
54 |
33 |
21ppts |
|
Free cash flow2 |
992 |
936 |
6% |
2,425 |
626 |
287% |
|
Net profit |
1,237 |
1,139 |
9% |
3,097 |
630 |
392% |
|
Net debt/EBITDA3 |
0.29 |
0.37 |
(22%) |
0.29 |
0.77 |
(62%) |
|
Basic EPS4, $ |
1.48 |
1.36 |
9% |
3.72 |
0.76 |
389% |
|
Production, kt |
|
|
|
|
|
|
|
Hot metal |
2,728 |
2,627 |
4% |
8,029 |
7,143 |
12% |
|
Crude steel |
2,878 |
2,776 |
4% |
8,615 |
8,547 |
1% |
|
Sales, kt |
|
|
|
|
|
|
|
Steel products, incl: |
2,694 |
2,678 |
1% |
8,002 |
8,059 |
(1%) |
|
HVA |
1,146 |
1,308 |
(12%) |
3,676 |
3,535 |
4% |
|
Iron ore products |
1,092 |
1,310 |
(17%) |
3,426 |
4,530 |
(24%) |
|
Coal |
127 |
282 |
(55%) |
754 |
1,101 |
(32%) |
|
Health and safety |
|
|
|
|
|
|
|
LTIFR (staff) 5 |
0.93 |
0.57 |
63% |
0.68 |
0.71 |
(4%) |
|
LTIFR (staff + contractors) |
0.88 |
0.63 |
40% |
0.73 |
- |
Source: Severstal, Photo: Fotolia