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

Press Releases / 2010 / Unaudited preliminary results for the year ended 31 December 2009 

Unaudited preliminary results for the year ended 31 December 2009

24/2/2010

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

Highlights

  • Continued recovery in sales and earnings in Q4 compared to Q3
  • Consolidated revenues of EUR 341 million, up 17%
  • Coal and coke production up 18% and 32%, respectively
  • Coal and coke sales volumes up 15% and 2%, respectively
  • Coal inventories down 53%
  • Operating cash flow up 240% to EUR 157 million
  • EBITDA of EUR 68 million, up 97%
  • Net income of EUR 7 million

Full year 2009 results reflect significantly lower coking coal and coke prices and volumes relative to full year 2008

  • Consolidated revenues of EUR 1,117 million, down 38%
  • Coal and coke production of 11,001kt and 843kt, respectively
  • Total external sales of 10,061kt of coal and 705kt of coke
  • EBITDA of EUR 179 million, down 74%

Main operating costs under tight control, down 19% year-on-year

Mining cash cost per tonne held flat year-on-year at EUR 75, despite lower production volumes

Adjusted loss per A share of EUR (0.25) for the full year

Unrestricted cash of EUR 548 million as at 31 December 2009

POP 2010 programme completed, delivering significant improvements in productivity and efficiency

Continued improvement in safety with LTIFR* in mining operations down 8%


*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 in PDF Format:

24 Feb 2010 Unaudited preliminary results for the year ended 31 December 2009 (602KB PDF)

« Back to 2010