OREANDA-NEWS. September 26, 2007. First half 2007 results for JSC "Severstal-metiz" reflect that EBITDA has grown by 39.7% in comparison with the similar period last year, equating to 1 100,7 million roubles (42,2 million dollars).

Olga  Naumova, the general director of "Severstal-metiz" commented: "This improvement and increase between these 2 years has been achievable due to the planned and strcutured actions implemented throughout the business, including changes in sales structure, route to market, as well as a reduction in administrative and commercial activities".
 
Volume shipment in the 1st half 2007 total 540,8 thousand tons, 2,6 % more than same period 2006. Sales revenue for this accounting period was 12 964 million roubles (497 million dollars), 38,4 % ahead of the previous year and period.
 
"Our policy and goal remains to increase our share of higher value added products in the key markets. This will be achieved through ongoing development of sales channels, special attention to service, maximising the companies full potential and available resources. Through achieving this and ongoing targeted improvement,  Severstal-metiz plans to improve financial resulsts going forward", Olga Naumova added.