OREANDA-NEWS. September 1, 2009. Evraz Group S.A. (LSE: EVR) today announces its unaudited interim results for the six months ended 30 June 2009.
1H 2009 Highlights:

Financials:
Revenue USD 4,639 million
Consolidated adjusted EBITDA USD 468 million∗
Net loss USD 999 million, negatively impacted by USD833 million due to change in accounting policies. Excluding this impact, it would have been USD166 million loss
Operating cash flow USD1,123 million
Total debt reduced by USD1,504 million to USD8,482 million

Steel:
Crude steel production fell by 28.8% year-on-year to 6.8 million tonnes
Total steel sales volumes decreased by 28.0% to 6.8 million tonnes
Restart of Blast Furnace No. 3 at Zapsib at the end of June

Vanadium:

Vanadium segment revenues decreased by 81.4% to USD138 million
Sales volumes of vanadium products fell 52.8% year-on-year to 7,448 tonnes in vanadium equivalent.
Mining:

Iron ore self-coverage of 99%
Coking coal self-coverage of 133%

Corporate developments:
Sale of 49% interest in NS Group to TMK for USD508 million completed
Renouncement of the right to purchase licence to develop the Mezhegey coal deposit•
Transfer of 26% of the ordinary equity interest in Mapochs Mine (Proprietary) Limited to local partners in South Africa as part of the Black Economic Empowerment (BEE) government programme, valued at USD59.8 million

Please download the full version of the press release here.
http://www.evraz.com/press/press_releases/090901_1H09%20results%20press%20release.pdf