At the same time, the company's revenue in 2012 decreased by 10.1 percent to 11 billion 275 million dollars, profit before EBITDA taxes by 44.4 percent to 1 billion 332 million dollars (EBITDA profitability amounted to 11.8 percent).
"Last year, the group worked in the conditions of the ongoing weakening of the main markets for the products of the mining and metallurgical industry against the backdrop of the general unstable position of the world economy. This is reflected in both the worsening of financial indicators for our main activities and in the need to form reserves and the implementation of a number of significant write-offs," the general director of OJSC "Sword" Eugene. Michel.
At the end of 2012, the debts of Mechel amounted to 9 billion 400 million dollars, and the amount of funds and their equivalents $ 295 million.
The leadership of OJSC "Mechel" will hold a conference call today at 10:00 in the morning on New
York time (15:00 London time, 18:00 Moscow time) for
Discussions of financial results will comment on the current activity of Mechel.
Consolidated Mechel results:
