OREANDA-NEWS. April 2, 2008. April 2, 2008– Evraz Group S.A. (LSE: EVR) today announces its preliminary audited results for the year ended 31 December 2007.
2007 Highlights:
Аinancials:

Revenue grew 54.5% to US\\$12,808 million from US\\$8,292 million in 2006 due to acquisitions, improved sales mix and growth in average prices of steel products.
Consolidated adjusted EBITDA was up 61.0% to US\\$4,254 million from US\\$2,642 million in 2006.
Net profit attributable to equity holders of Evraz Group S.A. grew 55.7% to US\\$2,144 million from US\\$1,377 million in 2006.
Record operating cash flow of US\\$2,957 million, a 41.9% increase year-on-year, due to higher profit margins and continuing focus on working capital management.
Earnings per GDR increased by 54.3% to US\\$6.05 from US\\$3.92 in 2006.

Steel:

Crude steel production grew by 1.9% year-on-year to 16.4 million tonnes.
Total steel sales volumes increased by 3.2% to 16.4 million tonnes.

Vanadium:

Vanadium products sales increased 74.0% year-on-year to 22,100 tonnes of pure vanadium equivalent.
Revenues attributable to sales of vanadium products soared by 162.6% to US\\$583 million.

Mining:

Iron ore production grew by 10.6% to 18.9 million tonnes with iron ore self-coverage of 87%.
The acquisition of the remaining 50% of Yuzhkuzbassugol in June gave Evraz 100% ownership of the coal company, making Evraz fully self-sufficient in coal.

Corporate developments and acquisitions:

Simplification of corporate structure resulting from buyout of minority stockholders at Group’s Russian subsidiaries.
Acquisition of Oregon Steel Mills for US\\$2.3 billion completed in January
Acquisition of 93.35% of ZapsibTETs for US\\$231 million in May
Acquisition of control over Highveld Steel and Vanadium Corporation in April
Acquisition of outstanding 50% in Yuzhkuzbassugol for US\\$871 million in June.