Results in 2016

Last year’s cost-cutting initiatives delivered the EBITDA effect of US$316 million. Combined with a US$169 million gain from customer-focus efforts, EVRAZ’ total EBITDA effect from initiatives was US$485 million in 2016.

EVRAZ’ EBITDA reached US$1,542 million in 2016, up by 7.2% from US$1,438 million in 2015.

Free cash flow was US$659 million in 2016, down by 18% from US$799 million in 2015. The decrease can be explained by the reduction in net working capital release.

EBITDA Please see Additional Information for details , US$ million
Free cash flow Please see Additional Information for details , US$ million