Print PagePrint PageRSS FeedsRSS FeedsReceive E-mail AlertsReceive E-mail Alerts

Press Releases / 2009 / Results for the nine-months ended 30 September 2009 

Results for the nine-months ended 30 September 2009

18/11/2009

Amsterdam, 18 November 2009 – New World Resources N.V. (“NWR” or the “Company”), Central Europe’s leading hard coal producer, announces its financial results for the nine-month period ended 30 September 2009.

Highlights

• Continued quarter on quarter recovery in sales and earnings in Q3
- Consolidated revenues of EUR 291 million, up 19%
- Coal and coke production up 5% and 14% respectively
- Coal and coke sales up 25% and 6% respectively
- Coal and coke inventory down 35% and 10% respectively
- EBITDA of EUR 35 million, up 79%

• Results for the nine months ended September 2009 reflect significantly lower coal and coke prices and volumes
- Consolidated revenues of EUR 776 million, down 44%
- Coal and coke production of 8,031kt and 591kt respectively
- Total external sales of 6,935kt of coal and 498kt of coke
- EBITDA of EUR 111 million, down 78%

• Main operating costs remain under tight control, down 23% year-on-year with mining cash cost per tonne flat year-on-year at EUR 74 despite lower production volumes

• Adjusted loss per A share of EUR (0.27) for the nine month period

• Unrestricted cash of EUR 433 million as at 30 September 2009, EUR 46 million of operating cash flow generated during Q3

• POP 2010 Phase II proceeding to plan and delivering results as expected

• Continued improvement in safety with LTIFR1 in mining operations down 12%


1 LTIFR represents the number of reportable injuries after three days of absence divided by total number of hours worked expressed in millions of hours

Full text of the Press Release:

NWR 9M09 Results Press Release (168 Kb PDF)

Detailed information is available in Investors Page

« Back to 2009