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Press Releases / 2009 / Unaudited preliminary results for the year ended 31 December 2008 

Unaudited preliminary results for the year ended 31 December 2008

24/2/2009

Amsterdam, 24 February 2009 – New World Resources N.V. (“NWR” or the
“Company”), Central Europe’s leading hard coal producer, today announces its
preliminary unaudited financial results for the year ended 31 December 2008.

Highlights

  • Revenues up 49% to EUR 2.04 billion
  • EBITDA up 99% to EUR 697 million, significantly improving EBITDA margin
    to 34%
  • Operating cash flow up 103% to EUR 523 million
  • Profit for the period of EUR 352 million, up 79%
  • Adjusted Earnings per A Share of EUR 1.30, up 76%
  • Final dividend of EUR 0.18 per share declared, taking full year dividend (per
    A Share, post IPO) to EUR 0.46 per share
  • Total coal production of 12.7 million tonnes in 2008
  • 100% of 2009 coal volumes committed and priced
  • Thermal coal at an average 2009 price of EUR 79 per tonne
  • Coking coal at an average 2009 price of EUR 91.5 per tonne
  • Approximately 86% of expected production coke volumes contracted, prices
    agreed only for the first quarter of 2009 at an average of EUR 230 per ton
  • Strong balance sheet with unrestricted cash of EUR 679 million

24 Feb 2009 Unaudited preliminary results for the year ended 31 December 2008 (395KB PDF)

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