Neuste Beiträge aus: Severstal Kauf?

Q2 2011 Q1 2011 vs ANALYSE:



§ Starke Quartalszahlen Wachstum durch gute Verkäufe und robuste Preisumfeld;



§ EBITDA um 18,7% auf $ 1.109 Mio. Euro (Q1 2011: $ 934.000.000) und EBITDA-Marge auf 25,3% (Q1 2011: 25,1%) aufgrund des starken Stahl-Ressourcen Leistung und kontinuierliche Verbesserung in Nordamerika was zu deutlich höheren Verkaufspreisen;



§ Umsatz um 17,6% auf $ 4.383 Mio. Euro (Q1 2011: $ 3.727 Mio. EUR);



§ Weitere Steigerung des Konzernergebnisses: um 15,8% auf $ 602.000.000 (Q1 2011: $ 520.000.000) mit Nettoergebnis-Marge von 13,7%;



§ Empfohlene Dividende von 4,37 Rubel je Aktie (ca. US $ 0,15).



H1 2011 H1 2010 vs ANALYSE:



§ signifikante Gewinn-und Umsatzwachstum durch robuste Preisumfeld und die steigende Nachfrage für Stahl-und Stückgütern Produkte;



§ EBITDA um 34,5% auf $ 2.043 Mio. (H1 2010: $ 1.519 Mio. Euro) und EBITDA-Marge auf 25,2% (H1 2010: 23,8%);



§ Umsatz steigt um 27,1% auf $ 8.110 Mio. (H1 2010: $ 6.382 Mio. EUR);



§ Deutliche Verbesserung in der unteren Zeile: H1 2011 Nettogewinn von $ 1.122 Mio. (H1 2010: Nettoverlust von $ 593.000.000).
Anhören
Umschrift
Übersetzung bewerten

Antwort auf Beitrag Nr.: 41.618.500 von iAsh am 08.06.11 10:43:01Bin wieder da!

Ausbruch voll im Gange!

http://www.bilder-space.de/bilder/e198e1-1312235571.jpg
http://www.bilder-space.de/bilder/d8b4d8-1312235774.jpg

Ich glaube, diesmal, wenn die 15 Euronen erreicht sind, werde ich aus Severstal
aussteigen bis zu nächsten crash.

24.08.2011 Full year 2010 Dividend payment date - proposed(unbestätigt)

24.08.2011 Q1 2011 Dividend payment date - proposed (unbestätigt)

Erscheint mir diesesmal ziemlich spät

Severstal sees weaker steel market in Q2


Arab Steel reported that Russian steelmaker Severstal sees global steel demand declining in the current quarter due to destocking, lower raw material price expectations for the H2 and seasonal influences, such as the monsoon season in Southeast Asia. It also notes increases in output.

However, the company says the accompanying decline in steel prices is likely to be moderate, as there are also supporting factors in the market, such as healthy distributor inventory levels, strong real demand and still high prices for second quarter raw material contracts.

In Russia, due to the progressive recovery in demand, steel consumption has already reached and exceeded 40 tonnes on an annualized basis. This is comparable to pre crisis levels when the Russian domestic market was booming.

Automotive, heavy machinery and pipe production remain the major domestic demand drivers while the still recovering construction sector could also be an upside factor.

Severstal said that it increased the share of its sales to the domestic market to 68% in Q1 2011 from 61% in Q4 2010. Russian high value added steel products are likely to retain stable demand and prices.

As Middle Eastern and North African countries continue to experience political unrest, export sales are likely to feel the brunt of this and export prices likely to decline. This sentiment is likely to be added to by summer seasonal factors.

Despite weather related production decreases and a fall in revenue of 2.6% QoQ in Q1 to USD 2.41 billion, Severstal’s Russian steel division achieved a profitability margin of 18% and its steel products selling prices increased by 13.1% to USD 838 per tonne.

(Sourced from www.arabsteel.info)

Quelle: http://steelguru.com/russian_news/Severstal_sees_weaker_steel_market_in_Q2/206937.html

Severstal in talks on $5bln syndicated loan-source
MOSCOW, May 23 (Reuters) - Severstal, Russia's largest steelmaker, is in talks to obtain a $5 billion syndicated credit, part of which could be used to acquire domestic coking coal miner Raspadskaya, a source said.

'Indeed, the talks are about a credit for an acquisition, but the banks have yet to receive a formal invitation to participate in the credit,' the source in banking circles said.

He added that some of the funds could also be used to refinance existing debt.

The company, controlled by billionaire Alexei Mordashov, said it had yet to take a decision on the credit.

'Severstal hasn't made any decisions on financing, we do not comment on rumours and speculation,' it said in an emailed statement.

Recent reports in the Russian press have said Raspadskaya's core shareholders, which include steelmaker Evraz, may sell the miner.

Evraz said in April it was reviewing options with respect to its shareholding in the company, which was Russia's largest coking coal miner prior to a deadly accident at its main mine last year.

Analysts at Moscow's Uralsib bank said they did not expect a deal for the 80 percent stake to take place before September.

'The shares could fetch between $4bln and $6bln, according to various reports,' the bank's analysts wrote.

(Reporting by Oksana Kobzeva and Polina Devitt; Writing by Alfred Kueppers; Editing by Jessica Bachman and David Holmes) Keywords: SEVERSTAL/LOAN (alfred.kueppers@thomsonreuters.com; Tel +7 495 775 1242; Reuters Messaging: alfred.kueppers@thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

© 2011 AFX News

Quelle: http://www.finanznachrichten.de/nachrichten-2011-05/20319366-severstal-in-talks-on-dollar-5bln-syndicated-loan-source-020.htm

Severstal kehrt in Gewinnzone zurück
EMFIS.COM - Moskau 19.05.11 (www.emfis.com) Der russische Stahlproduzent Severstal ist im ersten Quartal 2011 wieder in die Gewinnzone zurückgekehrt. Nachdem der weltweit agierende Konzern im Vorjahresquartal einen Verlust von 785 Mio. USD einfuhr, konnte nun ein Gewinn von 531 Mio. USD bekannt gegeben werden, was auch deutlich über den Erwartungen der Analysten lag.

Der Umsatz kletterte im Berichtszeitraum um 35,9 Prozent auf 3,7 Mrd. USD, das EBITDA kletterte kräftig auf 934 Mio. USD.

Der Unternehmensvorstand hat für das erste Quartal eine Dividende von 3,9 Rubel je Aktie vorgeschlagen.

© 2011 EMFIS.COM

Quelle: http://www.finanznachrichten.de/nachrichten-2011-05/20289166-severstal-kehrt-in-gewinnzone-zurueck-127.htm

OAO Severstal
Q1 2011 Financial results
RNS Number : 7178G
OAO Severstal
17 May 2011


Severstal reports Q1 2011 financial results


Moscow, Russia - May 17, 2011 - OAO Severstal (LSE: SVST), one of the world's leading vertically integrated steel and mining companies, today announces its financial results for three months ended 31 March 2011.


CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 31 MARCH 2011

$ million, unless otherwise stated
Q1 2011
Q4 2010 Restated1
Change, %
Q1 2011
Q1 2010 Restated1
Change, %

Revenue
3,727
3,726
n/a
3,727
2,742
35.9%

EBITDA2
934
899
3.9%
934
583
60.2%

EBITDA margin, %
25.1%
24.1%
+1.0 ppts
25.1%
21.3%
+3.8 ppts

Profit from operations
741
703
5.4%
741
408
81.6%

Operating margin, %
19.9%
18.9%
+1.0 ppts
19.9%
14.9%
+5.0 ppts

Net profit/(loss)3
531
(352)
n/a
531
(785)
n/a

EPS, $
0.53
(0.35)
n/a
0.53
(0.78)
n/a

Notes:



1) These amounts reflect adjustments made in connection with the presentation of the discontinued operations.



2) EBITDA represents profit/(loss) from operations plus depreciation and amortization of productive assets adjusted for gain / (loss) on disposals of property, plant and equipment and intangible assets.



3) Attributable to shareholders of OAO Severstal.





Q1 2011 vs. Q4 2010 ANALYSIS:



§ Continuing increase in earnings, reflecting the company's vertical integration and strong price momentum;



§ EBITDA up 3.9% to $934 million (Q4 2010: $899 million) and EBITDA margin up to 25.1% due to cost control, better product mix, higher share of domestic revenue at Russian Steel and disposal of the underperforming assets in North America;



§ Revenue of $3,727 million (Q4 2010: $3,726 million);



§ Return to net profit of $531 million (Q4 2010: net loss of $352 million), with net margin at 14.2%;



§ Recommended dividend payment of 3.9 rubles per share (approximately $0.14).



Q1 2011 vs. Q1 2010 ANALYSIS:



§ Solid improvement on the EBITDA and revenue lines on the back of the strong market conditions and disposal of the underperforming assets in North America;



§ EBITDA up 60.2% to $934 million (Q1 2010: $583 million) and EBITDA margin up to 25.1% (Q1 2010: 21.3%);



§ Revenue up by 35.9% to $3,727 million (Q1 2010: $2,742 million);



§ Significant progress on the bottom line: Q1 2011 net profit of $531 million (Q1 2010: net loss of $785 million).





FINANCIAL POSITION HIGHLIGHTS:



§ Solid liquidity position with of $1,791 million in cash & equivalents and short-term deposits;



§ Net Debt/EBITDA continued to decline to 1.2x by the end of Q1 2011, below target level of 1.5x;



§ Over the course of the current year, Severstal intends to sell into the market 2,252,964 GDRs and 246,373 ordinary shares held in treasury with the proceeds to be used to reduce net debt.





OUTLOOK:



§ Q2 2011 steel prices are expected to vary by region: in Russia they may moderate; in North America demand fundamentals remain positive in the automotive, pipe&tube, energy-related and machinery segments, though some price softening is anticipated on the back of increased supply and destocking at service centers;



§ Continuing increase in coking coal and iron ore prices benefiting vertically integrated producers;



§ Ramp-up in volumes in Russia after weaker Q1 2011;



§ Though Columbus operations were temporarily interrupted by severe storms hitting several US states at the end of April, we expect Columbus and Dearborn to maintain operations at close to full capacity in Q2 2011 on the back of strong steel demand in North America;



§ We expect continued strong gold segment performance going forward.







Alexey Mordashov, CEO of Severstal, commented: "In Q1 we focused on increasing profitability by selling more value-added products. Despite the growth of raw materials prices, EBITDA margin increased to 25.1% as a result of our vertical integration and improved steel assets structure. We expect to deliver our planned 2011 capital expenditure programme, with Phase II commissioning at Columbus and modernization at Dearborn running ahead of schedule. Our net debt/EBITDA level continued to decline to 1.2x below the targeted 1.5x and we are committed to maintaining this reasonable level of debt and strong liquidity position. We expect further improvement in our operating and financial performance in Q2 2011 and are confident about our full-year outlook."









CHANGE IN DISCLOSURE OF SEGMENT INFORMATION



§ With the Gold segment now representing a material proportion of the consolidated Group assets, the presentation and disclosure of segment information has been changed by separating the Gold segment from Severstal Resources. The comparative information has been disclosed as if the separation occurred at the beginning of the earliest comparative period presented.



§ As of March 31, 2011 the Group now has four reportable segments: Steel Resources and Gold (the two reportable segments representing together the former Group's Severstal Resource segment), Russian Steel and Severstal North America.



§ Severstal's operational divisional structure remains unchanged with Severstal Resources, Severstal Russian Steel and Severstal International.





CHIEF EXECUTIVE'S REVIEW OF THE FIRST QUARTER ENDED 31 MARCH 2011



Severstal Russian Steel and Severstal Resources were affected by certain weather and technological factors, but consolidated revenues were robust at $3,727 million and further improved our EBITDA to $934 million (Q4 2010: $899 million).



The disposal of the underperforming assets in the US together with the deconsolidation of Lucchini had a big impact on the bottom line, where we reported net profit of $531 million (net margin of 14.2%), against a net loss of $352 million in Q4 2010 and a net loss of $785 million in Q1 2010.



After the disposal of the three underperforming assets, Severstal North America demonstrated a strong performance on the back of higher sales volumes and realised prices.



Severstal's vertically integrated model allowed the Group to benefit from improvements in the steel and bulks markets in Q1 2011.



Our cash capital expenditure in Q1 2011 was $361 million, down 11.7% on a quarterly basis. The decrease was due to the normal reduction in activity during the winter season. We expect planned capital expenditure to remain on track in the quarters to come and we remain committed to the previously announced FY2011 target of $2 billion. Our projects (Columbus Phase II, modernisation of Dearborn, Balakovo mini-mill greenfield, 2nd colour coating line, a new coalmine at PBS Coals, a thermoelectric power station burning coalmine methane in Vorkuta, etc.) are progressing well.





RUSSIAN STEEL



The Russian Steel segment continued to demonstrate strong results. Despite some production decreases and lower q-o-q revenues, down 2.6% to $2,409 million (Q4 2010: $2,473 million), EBITDA improved by 6.9% to $434 million (Q4 2010: $406 million). Segmental EBITDA margin grew by 1.6 ppts to 18.0% from 16.4% in Q4 2010. Average selling price of steel products rose by 13.1% to 838 US$/t (Q4 2010: 741US$/t).



Overall market conditions for steel products in Q1 2011 were favourable: demand from our key customers, including the auto, machinery and construction industries, in both Russia and abroad was robust, while steel prices were strong across the globe as a reaction to growing coking coal and iron ore prices.



Technological issues at Cherepovets and severe weather conditions in Q1 2011 resulted in a 2.7 mmt or 6% fall in crude steel production in Q1 2011. These issues are now resolved and we anticipate higher steel production and revenue volumes in Q2 2011.



We continued to increase revenue to the domestic market which comprised 67.7% of total revenue (Q4 2010: 61.6%). We also increased the share of value-added products in our overall portfolio to 45.4% (Q4 2010: 41.2%). Both of these factors contributed to better earnings and margins.



Russian Steel's export revenue in Q1 decreased due to higher supply to the domestic market. Our revenue to Europe continued to rise on the back of lower shipping to the Middle East and African regions.



Our Izhora Pipe Plant ran at close to full capacity utilisation rate and sold 138.4 thousand tonnes of large-diameter pipes (Q4 2010: 135.9 thousand tonnes). The plant targets a continued high utilisation rate throughout 2011.



We will continue to focus on increasing the share of high value-added products in our portfolio, primarily targeted to the Russian market.







STEEL RESOURCES



Steel Resources' operating and financial results were affected by bad weather, primarily in Russia. Q1 2011 revenue was down 8.7% to $764 million (Q4 2010: $837 million) and EBITDA decreased by 16.5% to $323 million (Q4 2010: $387 million). EBITDA margin remained strong at 42.3% (Q4 2010: 46.2%).



The fall in iron ore and coal output in Russia was due to harsh winter conditions, when ports and railways were severely affected. However the price environment continued to be strong, partially offsetting this negative impact on production. We anticipate production volumes will return to normal levels in Russia in Q2 2011.



We anticipate that supportive price momentum together with improving volumes will be beneficial to our operational and financial results in Q2 2011.





GOLD



Nordgold, the gold segment within Severstal, continued to demonstrate growth and strong results. The gold price reached new record level in Q1 2011. Revenue increased by 80.7% to $244 million (Q1 2010: $135 million).



Nordgold produced 174.2 koz in Q1 2011, a y-o-y increase of 59.5% driven by de-bottlenecking initiatives at Berezitovy and Taparko. There was also a contribution from the consolidation of Crew Gold. Gold output fell by 10% q-o-q due to bad weather factors.



Total cash costs per ounce of gold in Q1 2011 were $603/oz and are expected to remain in the range of
$600-$650/oz for the full year 2011.



Q1 2011 EBITDA increased by 101.5% to $135.1 million (Q1 2010: $67.0 million). EBITDA margin reached 55.3%.



Capex in Q1 2011 increased to $38.9 million (Q1 2010: $22.3 million), including $17.4 million spent on exploration.



In January 2011, the Group acquired an additional 6.6% stake in Crew Gold Corporation for a total consideration of US$ 32.9 million, increasing its ownership interest up to 100%.



Nordgold continues to advance organic growth at existing operations while making good progress in exploration, including the two major development projects: Bissa in Burkina Faso and Gross in Russia.





SEVERSTAL NORTH AMERICA



In North America we completed the disposal of underperforming facilities at Warren, OH; Wheeling, WV; and Sparrows Point, MD to the Renco Group, Inc on 31 March 2011. Our focus now is on two efficient assets: Columbus and Dearborn.



Q1 2011 demand for steel in the US was healthy driven by growing consumption from the auto, pipe & tube and service center segments. Our Columbus and Dearborn facilities were operating close to full capacity in Q1 2011 and we expect high utilization level for the rest of the year. These factors contributed to growth in our sales volumes by 8.7% and an increase in average realised prices of 14.5%. That helped to increase Q1 2011 revenues by 24.5% q-o-q to $757 million and boost Q1 2011 EBITDA to $45 million (Q4 2010: $2 million).



Our development plans at Columbus are running ahead of schedule and we are now planning to launch Phase II gradually starting from June 2011, ahead of the September 2011 target. Our modernization at Dearborn is also running ahead of schedule with launches of the new cold-rolling complex and the new automotive hot dip galvanizing line in September and December 2011, respectively.





Lucchini



In February 2011, the Group signed an amendment to the Lucchini's share purchase agreement with the Majority Shareholder which cancelled the buy-back call option and the entitlement, for the benefit of the Group, to any gain on a subsequent sale of this stake to a third party. Effective that date the Group accounts its investment to Lucchini using the equity method. As of the date of the transaction and as of 31 March 2011, the book value of the investment is nil.





DIVIDEND



The Board is recommending a dividend of 3.9 rubles per share (approximately $0.14) per share for the three months ended 31 March 2011.



Approval of the dividend is expected at the Company's AGM which will take place on 27June 2011. The record date is 22 May 2011.





OUTLOOK



In Q2 we expect a moderation of the positive global steel price dynamics experienced in Q1 as a result of some destocking, production ramp-ups, the expectations of lower raw material prices later this year, and the monsoon season in South East Asia. We expect any softening to be temporary given the healthy levels of traders' inventories, strong real demand, and high Q2 2011 contract raw material prices.



In Russia, monthly domestic steel consumption has already exceeded 40 million metric tonnes annualised which is comparable with the pre-crisis levels, driven by auto, machinery and pipes production. The seasonally strong construction market is a potential upside factor. Export prices will be affected by the ongoing political turmoil in the Middle East and Africa, as well as from summer seasonal factors. Domestic high-value-added products are likely to remain stable in terms of both demand and prices.



In the US, demand fundamentals remain positive in the automotive, pipe&tube, energy-related and machinery segments, though some price softening is observed on the back of increased supply and destocking at service centres. Steel inventories have fallen on expectations of lower prices and higher imports as well as due to active buying from final consumers. The current inventories are at a normal level and we expect destocking to end during Q2 2011.



Improving production volumes at Russian Steel and Steel Resources segments, the high utilisation rate of the North American assets based on the strong demand in the region, as well as favorable market conditions are supporting our production and financial results in Q2 2011 and giving us confidence in our full-year outlook.

Quelle: http://www.investegate.co.uk/Article.aspx?id=201105170710507178G

BRIEF-Severstal recommends 3.9 rbls per share in Q1 divs
MOSCOW, May 12 (Reuters) - Severstal:

* Board recommended a dividend of 3.90 roubles (approximately $0.14) per share

in respect of the first three months of the financial year to 31 March 2011.

(Moscow Newsroom, + 7 495 775 12 42, moscow.newsroom@reuters.com) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

© 2011 AFX News

Quelle: http://www.finanznachrichten.de/nachrichten-2011-05/20219059-brief-severstal-recommends-3-9-rbls-per-share-in-q1-divs-020.htm

Aha, schön zu lesen

Mein Einstiegskurs lag bei 2,594.
Jetzt gibts es Ende Mai ja erstmal Dividende und dann mal weitersehen. Auf gute Geschäfte!

Gruß,
iAsh

Antwort auf Beitrag Nr.: 41.502.093 von speku@1 am 13.05.11 23:46:18Bin ebenfalls nicht aktiv, aber investiert.

Aber bei 25 Euro würde ich dann eventuell über einen Ausstieg nachdenken, mein Einstandskurs lag damals immerhin bei 2,30 Euro

Antwort auf Beitrag Nr.: 41.483.879 von iAsh am 11.05.11 11:02:20... aktiv nicht, aber investiert.

Dieser Wert bringt mir zw. 5-25 € nicht aus der Ruhe. Es sei denn die nachrichten werden rapide schlechter, wonach es jedoch hier gar nicht aussieht. (werden von Tag zu Tag besser)

Ist hier überhaupt noch jemand ausser mir aktiv? ^^

Severstal boosts crude steel output 5%
Russia's top steelmaker said Thursday it raised crude steel output to 3.65m tonnes in Q1, 5% higher than last year's comparable number.
Author: Reuters
Posted: Thursday , 28 Apr 2011


MOSCOW -
Russia's top steelmaker Severstal (CHMF.MM: Quote) said on Thursday its crude steel output rose to 3.65 million tonnes in the first quarter 2011, up 5 percent from the same period last year.
However, production was down 5 percent compared with the last quarter 2010, when output reached 3.84 million tonnes.
Severstal is counting on growing demand at home and overseas to boost sales and production this year after posting a bigger than expected loss in the final quarter of 2010. [ID:nLDE7220DB]
Its gold output rose by 42 percent year-on-year to 173,930 ounces but was also down on a quarterly basis by 10 percent.
Severstal has assets in Russia, Ukraine, Kazakhstan, Italy, France, the United States and Africa and is controlled by its Chief Executive Alexei Mordashov.
Severstal is self sufficient in coking coal and iron ore in Russia and 50 percent self sufficient in coking coal in the United States. (Reporting by Katya Golubkova; Editing by David Holmes)

Quelle: http://www.mineweb.com/mineweb/view/mineweb/en/page504?oid=125946&sn=Detail

Severstal to invest $83m in Mill-5000 reconstruction



Steel group Severstal’s Vologda region-based Cherepovets Metallurgical Factory has announced plans to invest $83m in reconstruction of Mill-5000 in Kolpino, St. Petersburg.

As a result of investment, the mill’s annual capacity is to grow by 70,000 tons – to 780,000 tons of rolled steel.

Under plans, the funds are to be used to replace direct current electric motors with modern and more powerful alternating current electric motors.

The new equipment is to enable the company to launch industrial production of thick steel plates of the highest endurance category (X90, X100) for production of pipes for oil and gas projects.

The project has started and is scheduled to be completed by 2013.

Mill-5000 is a rolled steel mill for production of flat steel which is up to five meters wide and 12-18 meters long.

Quelle: http://www.marchmontnews.com/story.php?story_id=16924

Severstal replaces cranes at Cherepovets subsidiary

It is reported that as part of capital repair works, Russian steelmaker Severstal subsidiary Cherepovets Steel Mill is implementing the first stage of a program to replace cranes used in steel production at a cost of USD 63.5 million.

Realization of the program started in 2010 with the start of the project to replace crane No 8 with a carrying capacity of 520 mt at the converter mill. Implementation of four other similar projects to replace cranes is planned to start in 2011 and be completed in 2011-2013.

The program is a long term one and provides for the replacement of more than 30 overhead cranes with lifting capacities from 16 tonnes to 520 tonnes.

(Sourced from SteelOrbis)
Visit www.steelorbis.com for more

Quelle: http://steelguru.com/russian_news/Severstal_replaces_cranes_at_Cherepovets_subsidiary/201756.html

Thursday 03 March, 2011OAO Severstal
Q42010 and FY2010 financial results
RNS Number : 2528C
OAO Severstal
03 March 2011





Severstal reports Q4 2010 and FY2010 financial results





Moscow, Russia - March 3, 2010 - OAO Severstal (LSE: SVST), one of the world's leading integrated steel and mining companies, today announces its financial results for the fourth quarter and the full year of 2010.





CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2010 AND Q4 2010

$ million, unless otherwise stated
Q4 2010
Q3 2010 Restated1
Change, %
FY2010
FY2009 Restated1
Change, %
















Revenue
3,726
3,465
7.5%
13,573
9,594
41.5%

EBITDA
899
845
6.4%
3,263
1,589
105.3%

EBITDA margin, %
24.1%
24.4%


24.0%
16.6%



Profit from operations
703
661
6.4%
2,504
859
n/a

Operating margin, %
18.9%
19.1%


18.4%
9.0%



Profit from continuing activities
261
562
n/a
1,427
14
n/a

Net (loss)/profit
(352)
368
n/a
(577)
(1,037)
(44.4%)

EPS, $
(0.35)
0.37
n/a
(0.57)
(1.03)
n/a

Dividend per share, $
n/a
0.14


0.14
n/a








Notes:



1) Loss attributable to shareholders of OAO Severstal. The net loss for Q4 2010 includes the loss from the discontinued operation of the Lucchini and North America disposal groups. The Lucchini segment was classified as held for sale as at 31 March 2010. As of December 31, 2010 Severstal Sparrows Point LLC, Severstal Warren LLC, Severstal Wheeling Inc and Mountain State Carbon LLC, which are an operating entities within the North America reporting segment, were classified as held for sale following the management's decision to sell these entities within 12 months after the reporting date. For further detail, please refer to the Severstal consolidated financial statements for FY 2010 at www.severstal.com.

2) 2009 figures do not include Lucchini and North America disposal groups.

3) EBITDA represents profit/(loss) from operations plus depreciation and amortization of productive assets adjusted for gain / (loss) on disposals of property, plant and equipment and intangible assets.

4) Dividends announced on the basis of respective period results, translated at the exchange rate as of the date of recommendation by Board of Directors.





FY 2010 HIGHLIGHTS:



§ Revenue up 41.5% to $13,573 million (FY 2009: $9,594 million);



§ Substantially improved EBITDA and EBITDA margin following the decision to focus Severstal International on Dearborn and Columbus while classifying the underperforming assets as assets held for sale;



§ Group EBITDA up 105.3% to $3,263 million (FY 2009: $1,589 million);



§ Group EBITDA margin increased to 24.0% (FY 2009: 16.6%);



§ Profit from continuing operations of $1,427 million;



§ Loss attributable to shareholders of $577 million due to discontinued operations;



Q4 2010 HIGHLIGHTS:



§ Solid financial performance reflecting benefits of vertical integration and global economic recovery;



§ Good revenue and EBITDA growth at Russian Steel and Severstal Resources: Nordgold EBITDA up 27.4% to $121 million;



§ Decision to sell certain underperforming US assets and to focus Severstal International on Dearborn and Columbus;



§ The Board is recommending a dividend of 2.42 rubles per share;



§ Group revenue up 7.5% to $3,726 million and EBITDA up 6.4% to $899 million;



§ Group EBITDA margin of 24.1%;



§ Profit from continuing operations of $261 million;



§ Loss attributable to shareholders of $352 million due to discontinued operations;






_________________
1 The effect of change in classification of Lucchini and North American disposal groups. Please view note #1 to the Consolidated financial results table.



OUTLOOK:



§ Improving market conditions with increasing production and sales volumes;



§ Benefits of vertical integration and expanding presence in markets with higher growth characteristics;



§ Steel prices remain strong due to raw material price growth and restocking;



§ Russia and CIS steel demand estimated to increase by 8% in 2011.





FINANCIAL POSITION HIGHLIGHTS:



§ Operating cash flow remains high with $1,128 million generated in H2 2010;



§ Net Debt/EBITDA reached of 1.3x at the end of 2010, below target of 1.5x;



§ Full year 2011 maturities total $1,331 million and are well diversified both by source of debt and currency;



§ Good access to domestic and international debt capital markets including issuing a $3 billion Eurobond programme in October 2010.





Alexey Mordashov, CEO of Severstal, commented: "The world economic recovery last year brought more visibility and optimism to our business and from the second quarter of 2010 we performed in line with our expectations. During the year we were cash generative and further strengthened our financing structure. Our strength as an integrated steel and mining group means Severstal is well placed to benefit from these trends. We continue to focus our investment activities on areas where we see the greatest potential for growth and as a result we are further investing in steel-related mining and gold projects, as well as in the expansion of our Russian steel operations. In North America we are focusing our investment on completion of modernization projects at competitive assets. Accelerating economic growth in our key markets in 2011 should produce another strong year for Severstal as demand for steel improves and raw material prices rise."





CHIEF EXECUTIVE'S REVIEW OF THE FULL YEAR ENDED 31 DECEMBER 2010



Our full year 2010 consolidated sales increased by 41.5% to $13,573 million from $9,594 million in 2009. The increase was primarily due to a $2,636 million increase in sales of the Russian Steel segment, a $1,613 million increase in sales of Severstal Resource, and a $600 million increase in sales of the North America segment.



Notable drivers of our revenue growth in 2010 were sales of steel products to the Russian market, sales of mining products to our steelmaking assets and to third parties and the rapid expansion of our gold business.



Our mining division continues to increase its contribution to our profits. In 2010, EBITDA contribution from Severstal Resources and Severstal Russian Steel were almost equal: $1,677 million from Severstal Russian Steel versus $1,551 million from Severstal Resources. While in Q4 2010, Severstal Resources' EBITDA exceeded that of Severstal Russian Steel by $104 million.



Our wholly-owned indirect subsidiary Nordgold which runs our gold operations has rapidly grown into an established pure-play gold producer focused on emerging markets with strong fundamentals and is a growing contributor to Severstal's financial results.



Our cash capital expenditures in 2010 totaled $1,251 million2 and were in line with our target for the year, as we continued to invest selectively across our operations in order to expand mining and steel production volumes, increase output of high added value steel products, improve our operational efficiency and reduce costs.



We will continue to focus capital expenditure in 2011 on on-going projects, to improve operating efficiency, and ensure that the Company maintains industry leading standards of health and safety. Our target investment programme for 2011 is above $2 billion, which is approximately two times the level of 2009. A significant proportion of this will be invested in Severstal Russian Steel, with the remaining in Severstal Resources and Severstal International (North America).



We continually review our asset portfolio and strategic development priorities to ensure that we generate the highest returns for shareholders from the allocation of capital to development opportunities open to us as an international steel and mining company. We are focused on consolidated steel and mining markets with high growth potential and where we can operate our integrated model at a competitive position on the regional cost curve. We will also continue to focus investment in gold.





SEVERSTAL RUSSIAN STEEL



Highlights:



§ Q4 2010: Domestic sales increased by 5.8% with prices slightly weaker due to seasonal factors. Revenue increased by 9.2% to $2,473 million (Q3 2010: $2,264 million) and EBITDA increased by 19.8% to $406 million QoQ with EBITDA margin of 16.4%;

§ FY 2010: Revenue up 42.7% to $8,815 million (FY 2009: $6,179 million) and EBITDA up 27.1% to $1,677 million (FY 2009: $1,319 million).



The Division's strong performance throughout 2010 reflects stronger steel demand, mainly from the domestic market. We increased crude steel output by 16% in 2010 and raised sales by the same amount to 7.7 million tonnes of rolled products. The highest growth rates were shown by semi-finished products (+67% YoY in tonne sales), cold-rolled sheet (+22% YoY in tonne sales), large diameter pipes (+21% YoY in tonne sales), and hot-rolled strip and plate (+16% YoY in tonne sales).

_____________


2 Excluding discontinued operations.


The domestic Russian market accounted for 61% of total revenue of Severstal Russian Steel in 2010. We aim to increase that percentage in the current year as Russian steel consumption remains below pre-slump levels. We estimate demand for steel will rise by 8% in 2011 driven by key customers in the construction, automotive and oil and gas industries.



Export sales by Russian Steel increased by 25% over 2009. Europe remained our key market, accounting for 17.7% of full year sales, followed by the Middle East, China, Central & South-East Asia, and Africa which together contributed 15.1%. Our diversified product mix means we are able to adjust our production and sales to cater for regional and industry trends and produce higher sales and margins.



As indicated above, 2010 revenue was driven by both volume and price factors. Weighted average selling prices of the Russian Steel segment increased across the whole product range with the most notable changes in semi-finished (+36% YoY), long products (+35% YoY), cold-rolled sheet (+30% YoY) and hot-rolled strip and plate (+28% YoY). Favourable markets allowed us to post full year 2010 revenue of $8,815 million (FY 2009: $6,179 million). EBITDA totalled $1,677 million (FY 2009: $1,319 million). Full year 2010 EBITDA margin declined to 19.0% from 21.3% in 2009 due to appreciating raw materials acquired mostly from our own mining assets at market prices.



The Division's performance in Q4 2010 was slightly above our expectations. Domestic sales increased by 5.8% compared to Q3 2010 with prices slightly weaker due to seasonal factors. In Q4 2010, revenue increased by 9.2% to $2,473 million (Q3 2010: $2,264 million) due to increased sales of downstream products, mainly large diameter pipes (+32% QoQ in tonne sales), on the domestic market and semi-finished products on export (+100% QoQ in tonne sales). EBITDA increased by 19.8% to $406 million (Q3 2010: $339 million). EBITDA margin increased to 16.4% from 15.0% in Q3 2010. In Q1 2011 our focus is to increase production and sales volumes and further develop our Continuous Improvement and Customer Care programmes.



In line with our plans, we completed several major projects during the year. These included the construction and launch of the Sheksna Pipe Plant close to our main Russian steelmaking facilities in Cherepovets. The plant is capable of producing 250,000 tonnes of electric welded pipes and other products for the construction industry per year. In July, the Gestamp-Severstal-Kaluga Stamping Facility was commissioned in the Kaluga Region, one of the biggest Russian centres of high-quality automotive steel demand. It produces body components for the Volkswagen plant located in the same area. Target annual output is 13 million stamped parts. In December 2010, a hot dip galvanizing line with the annual capacity of 400,000 tonnes was commissioned at the Cherepovets Steel Mill after reconstruction. Severstal continues the construction of the Balakovo mini-mill in the Saratov region (central Russia), with an expected capacity of one million tonnes per year upon completion in 2013. The Balakovo mini-mill is expected to produce long products for the construction and infrastructure industries.



The aim of this organic investment is to increase Severstal's growth potential in attractive higher-growth market sectors.





SEVERSTAL RESOURCES



Highlights:



§ Q4 2010: Continued momentum in the Division. Revenue up 21% to $1,106 million (Q3 2010: $914 million) and EBITDA increased by 15.4% to $510 million (Q3 2010: $442 million) with EBITDA margin of 46.1%. The gold business strongly increased its contribution;

§ FY 2010: Revenue up 86.2% to $3,484 million (FY 2009: $1,871 million) and EBITDA up 294.7% to $1,551 million (FY 2009: $393 million).



Severstal Resources increased production and sales across all key products both in Russia and the USA where the Division runs the PBS Coals company. Year-on-year combined sales in tonnes of coking coal concentrate, iron ore pellets, and gold increased by 43%, 12% and 16%, respectively. The weighted average selling prices for the main products of Severstal Resources progressed with the following pace: iron ore (+173% YoY), coking coal concentrate (+61% YoY), and gold (+25% YoY). As a result revenue was driven by both volume and prices.



In financial terms 2010 was one of the strongest years ever for our mining division. Revenue increased to US$3,484 million (up 86.2% YoY), EBITDA totalled US$1,551 million (up 294.7% YoY). Full year EBITDA margin was 44.5% with Q3 and Q4 2010 reaching as high as 48.4% and 46.1%, respectively. This reflects a combination of favourable market conditions, the flexibility of our production and sales team, and the effect of last year's initiatives to increase the efficiency of our operations.



Nordgold has rapidly grown through acquisitions and organic growth over the last three years into an established gold producer with assets in emerging markets. In 2010, it contributed a total of $372 million to the Resources Division's EBITDA, or 24%, and full year EBITDA margin was 49.3%. Having announced on 11th February 2011 that we have postponed Nordgold's initial public offering, we will continue to develop the business. We are confident that given its strong fundamentals Nordgold will meet our predicted growth targets.



Our mining activities will continue to provide a strong source of growth and we intend to expand iron ore and coal production as well as other mining operations. In 2010, we laid a solid foundation for future growth with new mining greenfield projects in Russia and Africa. In 2010, Severstal won a license for a large coking coal deposit in Russia and made progress obtaining permits for its Putu Range iron ore greenfield project in Liberia, Western Africa. In February 2011, an independent mineral resource report estimated a doubling in resources in Putu's iron ore deposits to 2.4 billion tonnes. We are now working on afeasibility study at this asset, and intend to build a sizeable iron ore complex.



In 2011 the total amount of capital investment at Severstal Resources will be approximately $632 million and will include a project to modernize production equipment across the division's iron ore mills and coalmines, the completion of a thermoelectric power station burning coalmine methane in Vorkuta, an exploration of the Putu iron ore deposit in Liberia, the continued development of the division's gold mining assets and a coalmine at PBS Coals.





SEVERSTAL INTERNATIONAL



Highlights:



§ Decision to sell certain underperforming US assets;

§ Lucchini to be deconsolidated starting from Q1 2011;

§ Q4 2010: Still challenging market environment with revenue for continuing operations (Dearborn and Columbus) declining by 12.0% to $608 million (Q3 2010: $691 million) with EBITDA of $2 million (Q3 2010 EBITDA of $34 million). Assets operate close to full capacity and steel prices started picking up as of the end of Q4 2010;

§ FY 2010: Revenue from continuing operations (Dearborn and Columbus) up 26.0% to $2,912 million (FY 2009: $2,312 million) and EBITDA of $86 million, compared to FY 2009 negative of $114 million.



In North America, our priority continues to be to ensure that our assets provide a more flexible and efficient cost base. In that respect we have taken a decision to focus on the development of our core North American assets - Columbus and Dearborn, which together represent a solid mid-sized US steelmaker with good geographical and customer diversification, state-of-the-art assets and partial integration into coking coal through PBS Coals, also part of Severstal. After working hard to improve efficiency at our other North American assets: the Warren, Wheeling and Sparrows Point facilities, we have concluded that these assets do not fit our development strategy.

As a result of the re-focussing of our North American business, on March 2, 2011 Severstal entered into a definitive agreement to sell the subsidiary of Severstal North America ("SNA") which owns facilities at Warren, OH, Wheeling, WV, and Sparrows Point, MD to The Renco Group, Inc. As transaction consideration, Severstal will receive $125 million in cash, a $100 million secured note, and the repayment of $317 million of third-party debt at closing. Renco will also assume various Severstal financial liabilities including employee-related and environmental liabilities totaling $650 million. The transaction is expected to complete in March 2011, subject to customary completion conditions, including expiration or early termination of the Hart-Scott-Rodino waiting period.

We remain committed to operating in North America, which we view as a significant and attractive long term growth market. Though still challenging, the US steel market gradually recovered in 2010. Our full year 2010 crude steel output in US increased by 18%, compared to 2009, enabling Severstal North America to sell around 3.7 million tonnes of rolled products, up 15% on 2009 figures.



In 2010, full year revenue of Columbus and Dearborn increased by 26% to $2,912 million (FY 2009: $2,312 million) driven by volumes and prices, Severstal North America generated positive EBITDA of $86 million versus negative EBITDA of $114 million in 2009 on the back of Columbus and Dearborn.



We expect the cost position of Columbus and Dearborn to further improve as a result of an improving steel market environment and further investment in their operational efficiency. In 2011 the total amount of capital investment at Severstal North America will be approximately $465 million. We will commission a new cold rolling complex and hot dip galvanizing line at Dearborn which will substantially improve processing costs and enable us to produce new value-added products. We will also complete Phase II at Columbus which will add a further 1.5 million tonnes of mini-mill capacity a year to our North American operations. Under Phase II we will be launching a 2nd hot dip galvanizing line at Columbus to further increase our share of high value-added products. Ongoing strength in the US automotive market should boost demand for the product portfolio of Columbus and Dearborn.



The Warren, Wheeling and Sparrows Point facilities have been classified as held for sale as at 31 December 2010. The sale of these assets will better position Severstal to focus on the development of the Dearborn and Columbus facilities, which are some of the most modern and efficient in North America. For the purposes of financial reporting for Q4 and FY2010, Q3 2010 and FY2009 financial results have been restated accordingly to reflect the effect of discontinued operations in respect to the North America disposal group.



In Europe, Severstal has a 49.2% stake in Lucchini. In February 2011, Severstal signed an amendment to Lucchini's share purchase agreement canceling the buy-back call option which allows Severstal to deconsolidate Lucchini starting from Q1 2011 financial reporting.





DIVIDEND



The Board is recommending a dividend of 2.42 rubles (approximately $0.08) per share for the twelve months to 31 December 2010. This represents approximately 25% of Q4 2010 net profit of continued operations.



The Board is seeing improving Company performance, growing profit from continuing activities, and hence recommends maintaining the dividend payment restored in Q3 2010.



Approval of the dividend is expected at the Company's AGM which will take place on 27 June 2011. The record date is 22 May 2011.





OUTLOOK



In 2010, Severstal capitalized on improving market conditions by increasing production and sales volumes, maintaining high margins, using the benefits of vertical integration, and further expanding its presence in markets with higher growth potential.



In our view, in the first half of 2011 the steel market is likely to remain strong as a result of high raw material pricing and steel products restocking. This improvement in steel margins is likely to stimulate increased steel output globally. As a result, in the second half of the year we expect steel and raw material prices to moderate, while production volumes remain high as average capacity utilization stays below 80% against a background of solid demand growth. We expect gold prices to remain firm as political instability continues in some regions.



In Russia and CIS steel demand is estimated to increase by approximately 8% year-on-year in 2011, supported by infrastructure investment, investments in pipelines and a revival of residential construction. Raw materials price inflation will benefit vertically-integrated steelmakers.



In the US, we expect that following the sharp steel prices increase since the end 2010, the market will remain tight but continue its growth on the back of restocking, improvement of end customer demand and growth of key raw material prices. The automotive industry will continue to be the best steel consuming segment.



Accelerating economic growth in our key markets in 2011 should produce another strong year for Severstal as demand for steel improves and raw material prices rise.



For further information, please contact:



Severstal

Vladimir Zaluzhsky

T: +7 (495) 926-77-66

M: +7 (925) 006-51-80

vladimir.zaluzhsky@severstal.com



Severstal's financial communications agent - Hudson Sandler

Andrew Hayes / Andrew Leach / Maria Ignatova

T: +44 (0) 20 7796 4133



A conference call for investors and analysts will be held from London on Thursday, 3rd March 2011
at 14:30 London time, which is 17:30 Moscow time.

Participant dial in: +44 (0)1452 555 566 (International)

Participant dial in: 0871 700 0345 (UK only)

Conference ID: 46825355

The call will be recorded and there will be a replay facility available for 7 days as follows:
International dial in: +44 (0) 1452 55 00 00
UK free call dial in:0800 953 1533
Encore replay access number: 46825355#

Full financial statements are available at http://www.severstal.com/eng/ir/results_reports/financial_reports/



***



ОАО Severstal is one of the world's leading integrated steel and mining companies. The company's shares are traded on the Russian Trading System (CHMF), MICEX (CHMF) and LSE (SVST). With assets in Russia, Ukraine, Kazakhstan, Italy, the USA and Africa, Severstal reported revenue of $13,573 million and EBITDA of $3,263 million in 2010*. The Company's crude steel output reached 14.7 million tones* in 2010, which makes Severstal one of the largest steelmakers globally by production. Severstal's mining assets in Russia and the USA mean that the Company has almost full self-sufficiency in coking coal and iron ore in Russia, and good self-sufficiency in coking coal in the USA. Severstal's gold business, part of its Resources Division, is one of the largest gold producers in Russia.

* Excluding Lucchini and North America disposal groups.



Click on, or paste the following links into your web browser, to view the associated PDF documents.
http://www.rns-pdf.londonstockexchange.com/rns/2528C_-2011-3-3.pdf

http://www.rns-pdf.londonstockexchange.com/rns/2528C_1-2011-3-3.pdf


This information is provided by RNS
The company news service from the London Stock Exchange

END

Quelle: http://www.investegate.co.uk/Article.aspx?id=201103030700402528C

Совет директоров "Северстали" рекомендует дивиденды 2,42 руб. за 2010г.

Quote.rbc.ru 02.03.2011 11:16
Совет директоров "Северстали" рекомендовал годовому собранию акционеров утвердить выплату дивидендов по итогам 2010г. в размере 2 руб. 42 коп. на одну обыкновенную акцию. Как сообщается в материалах компании, годовое собрание состоится 27 июня 2011г. в г.Череповце.

Дата закрытия реестра списка лиц, имеющих право на участие в годовом общем собрании акционеров, - 22 мая 2011г. включительно.

Напомним, в 2010г. компания выплатила промежуточные дивиденды за 9 месяцев в размере 4,29 руб. за акцию. По итогам 2009г. компания не выплачивала как промежуточные дивиденды, так и за весь год.

Читать полностью: http://quote.rbc.ru/topnews/2011/03/02/33186111.html


Großaktionär Mordaschow bekräftigt Aufstockungsabsicht bei TUI


DJ Großaktionär Mordaschow bekräftigt Aufstockungsabsicht bei TUI

FRANKFURT (Dow Jones)--Der TUI-Großaktionär Alexei Mordaschow will seine Beteiligung an dem Touristik- und Schifffahrtskonzern TUI weiter ausbauen. Über seine S-Group Travel Holding hält Mordaschow mit Stand Januar 2011 inzwischen 20,45% an der TUI AG. Davor lag die Beteiligung an dem Unternehmen aus Hannover bei rund 18%, im Juli 2008 nach offiziellen Angaben noch bei 15,03%. Das Bundeskartellamt hatte dem Großaktionär die Aufstockung seines TUI-Anteils auf über 25% genehmigt.

"Die Investition dient der Umsetzung strategischer Ziele", wird Mordaschow in einer TUI-Pflichtmitteilung vom Freitag zitiert. Es sei beabsichtigt, innerhalb der nächsten zwölf Monate weitere TUI-Stimmrechte durch "Erwerb oder auf sonstige Weise" zu erlangen. Es werde keine wesentliche Änderung der Kapitalstruktur der TUI angestrebt, "insbesondere im Hinblick auf das Verhältnis von Eigen- und Fremdfinanzierung und die Dividendenpolitik", heißt es weiter.

Zur Finanzierung des Kaufs der Stimmrechte hat der Großaktionär Mordaschow teilweise Eigenmittel und teilweise Fremdmittel verwendet.
Webseite: www.tui-group.com/de DJG/cbr/bam



Wenn Mordashov kauft, dann kaufe ich auch!
Heute gekauft 3000 St zu 9,35 Stop 9,21

http://www.bilder-space.de/show_img.php?img=0cdbe7-129910014…

Rusal: Мы предпочитаем инвестировать в Россию

16.02.2011 16:10

"Я предпочитаю инвестировать в Россию – это безопасная страна. Возьмем работу правосудия: в Индии суд может 25 лет биться над одним делом и так и не вынести никакого решения. В России пройдет 2 с половиной, максимум 3 года, и принятое решение будет окончательным. В Китае лучше вообще не начинать никаких дел из-за политической ангажированности правовых институтов. Темпы изменений в России просто поражают: за 20 лет в стране, в которой не было никаких свобод: ни рынка, ни частной собственности, ничего, все это появилось", - отметил в прямом эфире CNBC глава Rusal Олег Дерипаска.

Читать полностью: http://quote.rbc.ru/research/comments/2011/02/16/33166103.shtml

... und da hat Oleg recht! Davai 5 Jahres Plan in 2 Jahren!

Rusal: Wir bevorzugen es, in Russland zu investieren

Ich auch!

Severstal schlüss bei 521,88 Rubel EUR ЦБ РФ 18/02 39.6821 = 13,15 Euro

Stahlpreise werden in 2011 steigen und Severstal wird bestimmt alltime hoch testen und wenn wir Glück haben, dann auch noch drüber steigen!

Ich bleibe dabei!

Viel Glück!

Antwort auf Beitrag Nr.: 41.020.694 von Genrix am 10.02.11 21:58:58Ich war auch über 500% im plus, aber solche Korrekturen werde ich locker und entspannt aussitzen. Verakuf in 2 Jahren für 25 Euro

HILFEEE!!!

Was soll ich machen - verkaufen oder nicht?
Oder abwarten IPO Nord Gold?

War schon beinahe bei 500% im Plus - und jetzt nur 380%----
Langfristig bin ich voll überzeugt, aber vielleicht sollte man etwas jetzt mitnehmen um günstiger später einkaufen?

Was meint ihr?

10.02.2011 09:29
UPDATE 1-Russia Severstal output down q/q, up yr/yr
MOSCOW, Feb 10 (Reuters) - Russia's largest steelmaker Severstal said on Thursday its crude steel output was 4.16 million tonnes in the fourth quarter of 2010, down one percent from the previous quarter.

Severstal's full year output rose by 14 percent to 17 million tonnes, it said in a statement.

Its gold output rose 16 percent year-on-year to 602,581 ounces. Output quarter-on-quarter rose 31 percent to 194,135 ounces, the statement said.

Severstal has assets in Russia, Ukraine, Kazakhstan, Italy, France, the United States and Africa and is controlled by its Chief Executive Alexei Mordashov.

Severstal is self sufficient in coking coal and iron ore in Russia and 50 percent self sufficient in coking coal in the United States.

(Reporting by Aleksandras Budrys) Keywords: STEEL RUSSIA/SEVERSTAL

(aleksandras.budrys@reuters.com; +7 495 775 1242; Reuters Messaging: aleksandras.budrys.reuters.com@reuters.net)


COPYRIGHT


Copyright Thomson Reuters 2011. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.




© 2011 AFX News

Quelle: http://www.finanznachrichten.de/nachrichten-2011-02/19325843-update-1-russia-severstal-output-down-q-q-up-yr-yr-020.htm

BRIEF-Russia's Severstal Q4 crude steel output at 4.6 mln T
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MOSCOW, Feb 10 (Reuters) - Severstal:

* Q4 crude steel output 4.6 million tonnes, down 1 percent versus Q3

(Moscow Newsroom, + 7 495 775 12 42, moscow.newsroom@reuters.com)


COPYRIGHT


Copyright Thomson Reuters 2011. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.




© 2011 AFX News

Quelle: http://www.investegate.co.uk/Article.aspx?id=201102100700089706A

Q4 2010 Operational results 10 February 2011

Schaun wer mal...

ordentliche korrektur? Schau dir das chart an! Beinah hat sich KSK formation, wie im lehrbuch, nach unten ausgebrochen! Aber, nur weil severstal eine ipo
gerade durchfürt, dümpelt sich der kurs in ein dreieck zusammen. In diesem jahr erwarten analysten steigende stahl preise: bis zu 60 %
Selbst wenn die schätzungen übertrieben sind, sollche erwartungen
unterstützen den kurs von severstal und machen eine korrektur zu nichte.
Hier sind die neueste news zu ipo:

Nord Gold собирается после IPO направлять на дивиденды примерно 25% прибыли
Версия для печати
РБК 28.01.2011

Золотодобывающее подразделение ОАО "Северсталь" - компания Nord Gold - собирается после IPO принять дивидендную политику, в рамках которой будет возвращать акционерам примерно 25% чистой прибыли, рассчитанной по международным стандартам финансовой отчетности (МСФО), сообщает Reuters. При этом выплат за 2010г. не будет, сказано в меморандуме компании, подготовленном к ее листингу в Лондоне. Nord Gold рассчитывает после IPO получить капитализацию в диапазоне 2,5-3,2 млрд фунтов стерлингов (4-5,1 млрд долл.) и привлечь в рамках IPO до 1,5 млрд долл. Прайсинг ожидается 11 февраля с.г. "Северсталь" 17 января 2011г. объявила о намерении провести IPO золоторудного сегмента. Привлеченные средства будут использованы для погашения задолженности по займам, предоставленным "Северсталью", а также для финансирования дальнейшего развития Nord Gold, включая разработку ключевых проектов и возможное приобретение новых активов. Золоторудный сегмент ОАО "Северсталь" был создан в 2007г. В настоящее время под управлением компании Nord Gold, зарегистрированной в Нидерландах, находятся восемь действующих рудников, два месторождения в стадии завершения геологоразведки, пять геологоразведочных проектов с локализованными ресурсами и широкий портфель сквозных геологоразведочных проектов на поисково-оценочной стадии на территории Западной Африки в Гвинее и Буркина-Фасо, в Казахстане и в Российской Федерации. Кроме того, к весне 2011г. Nord Gold намерена закрыть сделку по приобретению 100% акций канадской золоторазведочной компании Sacre-Coeur Minerals, что позволит Nord Gold получить доступ к золоторудным проектам в Республике Гайана (Южная Америка). На 1 ноября 2010г. ресурсная база группы Nord Gold составляла 23 млн тройских унций золота и 103 млн тройских унций серебра. В 2010г. компания добыла около 589 тыс. тройских унций золота (рост на 10,3% по сравнению с показателем 2009г. в 534 тыс. тройских унций). К 2013г. Nord Gold планирует довести уровень добычи до 1 млн тройских унций. Выручка Nord Gold за 9 месяцев 2010г. составила 485,3 млн долл., а за весь 2009г. выручка составляла 517,6 млн долл.

http://quote.rbc.ru/stocks/ipo/index/2011/01/28/33140758.shtml


P.S. als kleine invest anregung für die zukunft: Mail.ru Group(ehemals DST)
LESE GESCHICHTE ÜBER UND VON: Welche Beteiligungen macht Mail.ru (WKN: A1C8BP)!!!

Die Russen haben nicht nur Öll!
Facebook kann KOMMEN!!!

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Severstal gold unit hoping for $1.5bn on IPO
Nord Gold, which says it needs the money to pay down debts to its owner, Severstal, said it will price new and existing shares at between 3.00 and 3.90 pounds each

Russian mining group Severstal's gold unit Nord Gold is seeking up to 933 million pounds ($1.5 billion) from a London float, pushing the hoped-for total from Russian IPO hopefuls past $3 billion for 2011.

The company, which said it needs cash to pay debt to owner Severstal as well as to fund exploration, said on Thursday it would price new and existing shares at between 3.00 and 3.90 pounds each, valuing the group at up to 3.2 billion pounds.

Nord Gold is the fourth Russian company to announce a London IPO pricing this month, more than any other country.

Analysts say a sharp rise in Russian shares as well as high oil prices have helped swell demand for newly-listed Russian companies, while some have predicted $30 billion could be raised by Russian private issuers this year -- in line with the last boom year of 2007.

Russia's dollar-traded RTS index is up 18 percent since the start of December -- including a 1.7 percent rise on Wednesday -- while the FTSE 100 is up 8 percent.

Gold companies are also in vogue as the precious metal, seen as a safe haven by investors during uncertain economic times, hovers just below historic highs following a record advance late last year.

Russian firms HMS Hydraulic, KOKS and ChelPipe have also unveiled IPO price ranges this week, between them hoping for an estimated $1.86 billion.

A successful Nord Gold float would bring the total to $3.3 billion, compared with $5.5 billion for the whole of last year.

Nord Gold said it hoped to raise a little over half the proceeds from new shares and the rest from the sale of existing stock owned by Severstal.

The company was set up in 2007 and last year produced around 589,000 ounces from its mines in Russia, Kazakhstan and West Africa.

This puts it ahead of Polymetal, which produced 444,000 ounces last year, but some way below Russia's biggest gold miner Polyus Gold, which produced 1.3 million ounces in 2009.

Nord Gold said Morgan Stanley, Credit Suisse and Moscow's Troika Dialog are joint bookrunners to the offering. (Editing by Toni Vorobyova and David Holmes) ($1=.6287 Pound)

© Thomson Reuters 2011 All rights reserved

Quelle: http://www.mineweb.com/mineweb/view/mineweb/en/page504?oid=119328&sn=Detail

Mhm, da haben wir aber aktuell eine ordentliche Korrektur.

Union backs buyer for Severstal NA unit - Report
Friday, 21 Jan 2011It is reported that after months of no progress in the purchase of the Severstal plants in the Ohio Valley and there word the union is backing a potential buyer for the company.

The purchase of Severstal has been the topic of discussion for months, now, and not until now has the union decided to back one of the two companies allegedly vying for Severstal.

For the past few months, sources tell us they're been negotiating with the Renco Group and Optima Acquisitions to figure out which company would be best for Severstal and its employees.

WTRF 7 News has learned through sources close to the negotiations that the union is backing the family owned Renco Group.

Renco has assets of more than five billion dollars and employs more than 15,000 people around the world. Discussions between the union, Severstal and Renco will be held to reach a purchase agreement in the near future.

Sources said there's no guarantee that an agreement will be reached but that talks are continuing.

(Sourced from fwix.com)


Quelle: http://steelguru.com/russian_news/Union_backs_buyer_for_Severstal_NA_unit_-_Report/187270.html

Организатор IPO Nord Gold оценил компанию в 4,3-5,5 млрд долл.

РБК 19.01.2011 18:04

Один из трех организаторов IPO компании Nord Gold (золотодобывающее подразделение ОАО "Северсталь") оценил ее перед листингом в 4,3-5,5 млрд долл. в зависимости от прогнозных цен на драгоценный металл, следует из аналитического отчета этого банка (его название в сообщении не приводится), передает Reuters.

В банке полагают, что Nord Gold в 2011г. произведет более 800 тыс. тройских унций золота против примерно 589 тыс. унций в 2010г. К 2014г. добыча должна вырасти примерно до 1,1 млн унций в основном за счет африканских активов.

В банке прогнозируют, что Nord Gold, выручка которой за первые девять месяцев 2010г. составила 485 млн долл., в 2011г. увеличит показатель EBITDA до 543 млн долл. с ожидаемых 365 млн долл. в 2010г. В 2012г. этот показатель ожидается на уровне 612 млн долл., в 2013г. - 734 млн долл. Рентабельность по EBITDA компании, полагает организатор, в 2010-2013гг. будет колебаться в диапазоне 48-50%.

Как сообщалось ранее, Nord Gold с офисом в Амстердаме в феврале 2011г. собирается разместить на бирже Лондона не менее 25% акций, чтобы привлечь средства на погашение долга и развитие. Источники в финансовых кругах сообщали Reuters, что оценки компании варьируются в среднем в диапазоне 4-5 млрд долл., а объем привлечения оценивается в сумму более 1 млрд долл.

Букраннерами сделки выбраны Credit Suisse, "Тройка Диалог" и Morgan Stanley. Роуд-шоу, по словам источников, стартует 27 января, а прайсинг ожидается 11 февраля 2011г.

Золоторудный сегмент ОАО "Северсталь" был создан в 2007г. В настоящее время под управлением Nord Gold находятся 8 действующих рудников, 2 месторождения в стадии завершения геологоразведки, 5 геологоразведочных проектов с локализованными ресурсами и широкий портфель сквозных геологоразведочных проектов на поисково-оценочной стадии на территории Западной Африки (в Гвинее и Буркина-Фасо), в Казахстане и в Российской Федерации. Кроме того, к весне 2011г. Nord Gold намерена закрыть сделку по приобретению 100% акций канадской золоторазведочной компании Sacre-Coeur Minerals, что позволит Nord Gold получить доступ к золоторудным проектам в Республике Гайана (Южная Америка).

http://quote.rbc.ru/stocks/fond/2011/01/19/33128197.shtml


S&P поместило рейтинг "Северстали" на пересмотр с возможным повышением

Quote.rbc.ru 19.01.2011 14:35

Международное рейтинговое агентство Standard & Poor's (S&P) поместило корпоративный кредитный рейтинг ОАО "Северсталь" на уровне BB- в список CreditWatch с позитивными ожиданиями. Данное рейтинговое действие обусловлено объявлением о намерении "Северстали" провести IPO золоторудного подразделения Nord Gold, отмечается в сообщении агентства.

"Помещение рейтинга в список CreditWatch отражает возможность его повышения (вероятнее всего, на одну ступень) в случае, если IPO будет проведено успешно, и поступления от него будут способствовать улучшению финансовых показателей "Северстали", - сообщила кредитный аналитик S&P Елена Ананькина.

"Насколько мы понимаем, в ходе IPO будут размещены как новые, так и существующие акции, а поступления будут использованы для частичного финансирования капиталовложений на уровне Nord Gold и для частичного погашения долга Nord Gold перед материнской компанией - "Северсталью". По сообщениям прессы, стоимость Nord Gold оценивается в размере 3-6 млрд долл., при этом 25-30% акций могут быть проданы в ходе IPO", - говорится в сообщении S&P.

За 9 месяцев 2010г. "Северсталь" сгенерировала показатель EBITDA в размере 2,3 млрд долл. и свободный операционный денежный поток до изменений в оборотном капитале (FFO) объемом 1,7 млрд долл. - существенно больше, чем в 2009г., вследствие повышения цен, улучшения использования производственных мощностей и принятых руководством компании мер по сокращению затрат.

Несмотря на небольшой объем капитальных расходов компании (872 млн долл.) за 9 месяцев 2010г., величина свободного операционного денежного потока (FOCF) оставалась в целом нейтральной из-за значительных расходов на финансирование оборотного капитала в начале 2010г. Повышение показателей рентабельности и в целом стабильный объем скорректированного долга (5,3 млрд долл. по состоянию на 30 сентября 2010г., без учета долговых обязательств в размере 1,1 млрд долл., связанных с активами, предназначенными для продажи, прежде всего с итальянской сталелитейной компанией Lucchini) позволили "Северстали" улучшить характеристики кредитоспособности до уровня, достаточного для данной категории рейтинга.

За 12 месяцев, закончившихся 30 сентября 2010г., отношение "скорректированный долг/EBITDA" составило 2,1х, а отношение "FFO/скорректированный долг" - 42,7%.

Выведение рейтинга из списка CreditWatch будет зависеть от того, будет ли проведено IPO, и от того, как будут использованы его поступления. Рейтинг "Северстали" может быть повышен (вероятнее всего, на одну ступень) или подтвержден в зависимости от влияния на финансовые показатели компании.

"Если поступления от IPO будут использованы для снижения уровня финансового рычага, улучшения ликвидности группы и финансирования существующих запланированных капитальных расходов, то эти меры будут оценены положительно. Если поступления будут использованы для финансирования новых приобретений активов, то мы должны будем провести оценку качества приобретаемых активов. Мы ожидаем, что компания воздержится от выплаты внеочередных дивидендов после проведения IPO (если оно состоится)", - заключила Е.Ананькина.

ОАО "Северсталь" - вертикально интегрированный производитель стали. Активы компании находятся в России, на Украине, в Казахстане, Италии, Франции, Соединенных Штатах Америки и в Африке. Акции компании торгуются в Российской торговой системе (РТС) и на Лондонской фондовой бирже (LSE).


Материал предоставлен службой новостей РБК

http://quote.rbc.ru/stocks/news/2011/01/19/33127757.shtml