In Q2, Severstal made the loss in the amount of $44 million
The continued focus on costs control together with the increase of sales volumes have reflected in the growth of the Company's EBITDA in the second quarter in a row;
The proceeds grew by 2.8% as compared with the previous quarter to $3.414 billion ($3.322 billion in the first quarter) mainly due to growth of sales in all divisions of the company;
The EBITDA rate grew by 11.4% as compared with the previous quarter to $479 million ($430 million in the first quarter) due to the best results of the divisions Severstal Russian Steel and Severstal Resource; the EBITDA profitability increased by 1.1 percentage points and made up 14.0% (12.9% in the first quarter);
The net loss made up $44 million against $44 million of the net profit in the first quarter of 2013, mainly because of the loss in the amount of $226 million, connected with exchange differences in the second quarter of 2013. Without this loss, connected with the ruble weakening, the company’s profit would be $182 million in the reporting period;
In the second quarter of 2013, the capital investments made up $253 million that is by 18.1% less than in the first quarter of 2013;