RM-SYSTÉM»Události»New World Resources - Unaudited Q1 2013 results and business optimisation steps
New World Resources - Unaudited Q1 2013 results and business optimisation steps
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16.05.2013 08:22
New World Resources Plc ('NWR' or the 'Company') today announces its unaudited
financial results for the first quarter of 2013 and steps to optimise its business.
Q1 2013 Financial summary
- Revenues of EUR 240 million, down 31%.
- Cash mining unit costs of EUR 86/t, up 2%1.
- EBITDA of EUR (22) million.
- Basic loss per A share of EUR (0.31).
- Net debt of EUR 643 million; Debt maturity profile pushed out.
- Waivers agreed for financial covenants in NWR's bank facilities.
- Cash of EUR 193 million with further EUR 100 million available under RCF.
Q1 2013 Operational summary
- LTIFR2 of 5.71, improvement of 21%.
- Regrettably, two miners died in fatal accidents this year.
- Coal production of 2.1Mt, and external sales of 2.0Mt.
- External sales mix of 49% coking coal and 51% thermal coal.
- Coke production of 168kt and external sales of 149kt.
Business optimisation steps
- EUR 100 million short-term measures at current operations to enhance NWR's financial position.
- Business portfolio optimisation to ensure the existing business is cash neutral in current pricing environment, including divestment of OKK.
- 2013 targets reflecting the continuation of difficult trading conditions and price pressures.
- Strategic target to become Europe's leading miner and marketer of coking coal by 2017 reiterated.
Přiložený dokument ke stažení
Press release (ENG)
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