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Severstal (CHMF) investor relations material
Severstal Q4 2021 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for 2021 reached $11,638 million, up 69% year-over-year; Q4 2021 revenue was $3,267 million, up 2% quarter-over-quarter.
EBITDA for 2021 was $5,978 million, a 147% increase from 2020; Q4 2021 EBITDA was $1,446 million, down 16% qoq.
Net profit for 2021 was $4,075 million, up from $1,016 million in 2020; Q4 2021 net profit was $978 million.
Free cash flow in 2021 was $3,539 million, up 322% yoy; Q4 2021 FCF increased 12% qoq to $1,114 million.
Net debt/EBITDA ratio improved to 0.23 at year-end 2021, down from 0.29 in Q3 2021 and 0.8 in 2020.
Financial highlights
EBITDA margin for 2021 was 51%, up 16 p.p. yoy; Q4 2021 EBITDA margin was 44%, down 10 p.p. qoq.
Operating margin for 2021 was 46%; Q4 2021 operating margin was 39%.
Cash and cash equivalents at year-end were $418 million, up 49% qoq; total debt stood at $1,816 million, flat qoq.
Gross profit for 2021 was $6,718 million, up from $2,918 million in 2020.
Basic earnings per share for 2021 were $4.88, compared to $1.23 in 2020.
Outlook and guidance
Steel price environment stabilized after a downward trend in 2H 2021, rebounding in early 2022 due to seasonal demand.
Raw material prices showed mixed trends; supply shortages reversed the downside by end-Q4.
CAPEX guidance for 2022 increased, mainly for new development projects and reallocation from 2021.
Management monitors economic and geopolitical risks, including sanctions and regulatory changes.
No significant COVID-19 impact identified for 2021; ongoing monitoring continues.
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- DNLM
Sales and digital growth, margin expansion, and strategic investments drive strong FY25 results. - DNLM
Sales up 3.8% to £1,771m, profit before tax £211m, digital sales 40%, market share 7.9%. - 9412
Profits and equity improved, with upward revisions to full-year forecasts and new subsidiaries added. - NVDA
AI is transforming enterprises by enabling intent-driven innovation and technology-first strategies. - DNLM
H1 sales up 3.6% to £926m; digital mix 41%; PBT to hit lower end of consensus. - CRW
Double-digit growth, strong cash flow, and new leadership drive confidence for FY25. - 7011
Strong revenue and profit growth in FY2025, with raised guidance and key divestiture impact. - 8053
Profit attributable to owners dipped 1.9% despite higher revenues and strong FX gains. - 323410
Strong growth in customers, profits, and deposits, with stable asset quality and global milestones. - 3407
Net income rose 22.7% year-over-year, with improved financials and a revised upward forecast.
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