EU – Baltic States, Good for Business, Latvia, Markets and Companies, Metals Market

In 2014, the consolidated turnover of Severstal Distribution, including its subsidiaries in Latvia and Poland, reached USD 305 million (EUR 288 million). In 2013, the company's consolidated turnover reached USD 276 million (EUR 260.8 million).

The increase was thanks to the growing sales volume – in 2014, Severstal Distribution supplied 433,000 tons of metal produce to clients in Europe, which is 18% more than in 2013.

Severstal Distribution consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) reached USD 11 million (EUR 10.39 million) in 2014. In 2013, the company's consolidated EBITDA reached USD 12 million (EUR 11.34 million). In the same period, the company's operating cash flow (OCF) significantly improved – in 2013, this indicator was negative – minus USD 18.7 million (EUR 17.67 million), reaching USD 0.6 million (EUR 0.57 million) in 2014.

In 2014, all five Severstal Distribution Group companies from Latvia, Poland, Russia, Belarus, and Ukraine, who supply metal produce in 15 countries, increased EBITDA 1.5 times and tripled OCF.

In 2014, the Group's turnover reached USD 819 million (EUR 773.8 million), whereas EBITDA increased 46%, reaching USD 37 million (EUR 34.96 million). In 2013, EBITDA amounted to USD 26 million (EUR 24.56 million). OCF almost tripled, reaching USD 47 million (EUR 44.4 million). In 2013, OCF amounted to USD 17 million (EUR 16.06 million).