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EVRAZ’s net loss doubles in 2014


2.04.2015
April 2, 2015. EVRAZ Group’s net loss (calculated in accordance with the IAS) rose by 2.3 times last year compared with the year 2013 and thus came to $1.278bn, the company’s report states.

According to this report, losses were mainly related to devaluation of the company’s assets ($540m) and damage done by the changes in the ruble/dollar exchange rate ($1.005bn)

The Group’s revenues shrank by 9% and stood at $13.061bn.

Net debt dropped by 11%, down to $5.8m; as a result, the company’s net debt/EBITDA ratio came to 2.5.
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