The company, which is Russia's largest steel and mining group, said revenue grew 57.5%, to $6.023 billion, profits from operations increased by 87.9%, to $1.755 billion, and consolidated adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) were $2.050 billion, up 87% year-on-year.
In 2006 Evraz Group S.A. posted a 51% rise in net profits, to $1.385 billion, from 2005, and its sales grew 27.4% to $8.292 billion. In 2007 the company plans to keep steel output at 2006 levels of 16 million metric tons.
Evraz Group is one of the world's largest steel and mining companies, with operations mainly in Russia. It includes three of Russia's top steel companies, - Nizhny Tagil (NTMK) in the Urals region, West Siberian (ZapSib) and Novokuznetsk (NKMK) in Siberia. Evraz accounts for over 20% of global vanadium output.
