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Evraz Plc FY Pretax Profit Rises; Revenue Down 18.1%

Evraz Plc reported profit before tax of $1.30 billion for the year ended 31 December 2020 compared to $902 million, prior year. Earnings per share was $0.58 compared to $0.22. Consolidated EBITDA was $2.21 billion, down 15.0% from prior year. EBITDA margin rose to 22.7% from 21.8%.

Fiscal 2020 revenue from continuing operations declined to $9.75 billion from $11.90 billion.

EVRAZ CEO, Alexander Frolov, said: "In 2021, EVRAZ will continue to improve its safety culture, customer focus and operational efficiency, using digital tools where appropriate. The Group aims to achieve significant progress in its key investment projects, the foremost of which is to upgrade the rail mills in North America and Nizhny Tagil."

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