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Severstallat posts LVL 2.7 mln in profit in 2010, turnover was one-and-a-half times more
Nina Kolyako, BC, Riga, 05.05.2011.
Print version
Print versionConsolidated turnover of metalworking company Severstallat reached LVL 118.6 million in 2010, which is one-and-a-half times more than in 2009 when it amounted to LVL 75.7 million, as Severstallat’s representative, Olga Nesterova, informed the business information portal Nozare.lv.
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Severstallat’s net profit amounted to LVL 2.7 million in 2010.
In 2009, Severstallat operated with LVL 19.9 million in consolidated losses, informs LETA.
The company's EBITDA reached 4.7% in 2010, exceeding the projected figure by more than two times, writes LETA.
In 2010, Severstallat sold 285,000 tons of products, a 32% increase on 2009.
Severstallat was established in 1992. Currently, the company focuses on production of welded pipes, industrial metalworking and distribution of rolled metal products.
Austrian company Severstal Trade GmbH is Severstallat’s main shareholder with 84% of shares. The remaining 16% belong to Holding company Felix.
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