Evraz PLC announces an interim dividend of 30c

DividendMax Ltd.

Evraz PLC announces an interim dividend of 30c

An interim dividend of US$437.1 million (US$0.30 per share) has been declared by Evraz, reflecting the Board's confidence in the Group's financial position and outlook.

Other financial highlights include:

• Robust free cash flow of US$1,020 million (FY2019: US$1,456 million)

• Continued reduction in net debt: US$3,356 million (FY2019: US$3,445 million)

• Total EBITDA effect from cost-cutting and customer focus initiatives of US$426 million in 2020

• Consolidated EBITDA of US$2,212 million, down 15.0% from US$2,601 million in FY2019, EBITDA margin up to 22.7% from 21.8%

• Net profit increased to US$858 million vs. US$365  million in FY2019 

• Cash-costs: 

o cash cost of slabs decreased to US$213/t from US$236/t in FY2019 due to lower raw material prices (iron ore, coal, ferroalloys), better raw material yield and mix, lower auxiliary, services and repairs costs

o cash costs of coal concentrate decreased to US$31/t (FY2019: US$35/t) mainly as a result of rouble depreciation

o cash costs of iron ore products decreased to US$36/t (FY2019: US$41/t) mainly by rouble depreciation, higher iron ore production volume and lower fixed costs

Companies mentioned