Severstal 2021 capital investment programme
DJ Severstal 2021 capital investment programme
PAO Severstal (SVST)
Severstal 2021 capital investment programme
04-Feb-2021 / 10:03 MSK
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014
(MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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Severstal announces 2021 capital investment programme
February 4, 2021, Moscow - PAO Severstal ( Severstal ; the Company ), one of the world s leading vertically integrated
steel and steel-related mining companies, today announces its capital investment programme for 2021.
Severstal plans to invest approximately USD1.35 billion in 2021, focusing on a number of major projects in its Russian
Steel and Resources divisions, as well as on key focus areas of the Company s strategy, namely, excellent customer
EBITDA represents profit from operations plus depreciation and amortisation of productive assets (including the Group s share in depreciation and amortisation of associates and joint ventures) adjusted for gain/(loss) on disposals of PPE and intangible assets and its share in associates and joint ventures non-operating income/(expenses). A reconciliation of EBITDA to profit from operations is presented in Severstal s annual audited financial statements.
Free Cash Flow ( FCF ) is determined as the aggregate amount of the following items: Net cash from operating activities, CAPEX, proceeds from disposal of PPE and intangible assets, interest received and dividends received. A reconciliation of FCF to net cash from operating activities is presented in Severstal s annual audited financial statements.
PAO Severstal (SVST)
04-Feb-2021 / 10:03 MSK
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Severstal announces 2021 capital investment programme
February 4, 2021, Moscow - PAO Severstal ( Severstal ; the Company ), one of the world s leading vertically integrated steel and steel-related mining companies, today announces its capital investment programme for 2021.
Severstal plans to invest approximately $1.35 billion in 2021, focusing on a number of major projects in its Russian Steel and Resources divisions, as well as on key focus areas of the Company s strategy, namely, excellent customer experience, cost leadership and new opportunities.