1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. EVRAZ plc
  6. News
  7. Summary
    EVR   GB00B71N6K86

EVRAZ PLC

(EVR)
  Report
Delayed London Stock Exchange  -  06:00 2022-03-10 am EST
80.89 GBX   -12.59%
08/10Russian Steelmaker Evraz Launches Sales Process for North American Unit
MT
08/10EVRAZ Looks to Sell North American Units
CI
08/10Russia's Evraz looking to sell North American units
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Abramovic's Evraz profits plunge 99.5 per cent as sanctions bite

08/05/2022 | 01:31am EDT

RUSSIAN steel giant Evraz saw its profits fall by 99.5 per cent in the first half of the year after sanctions were slapped on the firm in May and demand for its products dried up.

In an update yesterday, the firm said that net profits totalled $6m (£4.9m) in the six months to June, down from $1.2bn in the same period last year.

Core earnings, however, rose to hit $2.5bn due to higher coal prices.

Evraz has been rocked by sanctions and governance issues in the wake of war in Ukraine, with the UK sanctioning its part-owner Roman Abramovic and causing a mass boardroom resignation.

"Recent geopolitical tensions have given rise to significant corporate governance and operating challenges for Evraz," chief executive officer, Aleksey Ivanov, said.

"On top of that, strong rouble, declining demand for our products, and increased competition on Evraz's traditional markets present additional headwinds."

(c) 2022 City A.M., source Newspaper

All news about EVRAZ PLC
08/10Russian Steelmaker Evraz Launches Sales Process for North American Unit
MT
08/10EVRAZ Looks to Sell North American Units
CI
08/10Russia's Evraz looking to sell North American units
RE
08/10Russia's Evraz looking to sell North American units
RE
08/10EVRAZ is launching soliciting of proposals for its North American subsidiaries acquisit..
EQ
08/05EVRAZ plc unaudited interim financial results for H1 2022
AQ
08/05Abramovic's Evraz profits plunge 99.5 per cent as sanctions bite
AQ
08/04TRANSCRIPT : EVRAZ plc, H1 2022 Earnings Call, Aug 04, 2022
CI
08/04Evraz Sinks to H1 Attributable Loss on $1.8 Billion Foreign Exchange Impact
MT
08/04EVRAZ PLC : Unaudited interim financial results for h1 2022u
EQ
More news
Analyst Recommendations on EVRAZ PLC
More recommendations
Financials (USD)
Sales 2022 11 429 M - -
Net income 2022 1 209 M - -
Net Debt 2022 2 520 M - -
P/E ratio 2022 0,53x
Yield 2022 94,3%
Capitalization 1 566 M 1 418 M -
EV / Sales 2022 0,36x
EV / Sales 2023 0,46x
Nbr of Employees 71 591
Free-Float 29,8%
Chart EVRAZ PLC
Duration : Period :
EVRAZ plc Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 2
Last Close Price 1,07 $
Average target price 6,64 $
Spread / Average Target 518%
EPS Revisions
Managers and Directors
Aleksey Ivanov Chief Executive Officer & Executive Director
Nikolay Ivanov Chief Financial Officer & Executive Director
Alexander Grigorevich Abramov Director
Artem Natrusov Vice President-Information Technologies
Sergey Sergienko Vice President-Technologies Development
Sector and Competitors