31 Mar 2010 10:51

Evraz expects EBITDA of $400 mln in Q1

MOSCOW. March 31 (Interfax) - Evraz Group expects earnings before interest, taxes, depreciation and amortization (EBITDA) in the first quarter of 2010 at about $400 million, up from EBITDA in the fourth quarter of 2009, the steelmaker said in a press release.

The growth in steel prices will be fully reflected in the company's financial statements later this year, Vice President of Corporate Affairs and CFO Giacomo Baizini is cited as saying.

Capital expenditures in 2009 declined 60% to $441 million.