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

Press Releases / 2012 / NWR Full Year 2011 Results 

NWR Full Year 2011 Results


New World Resources Plc (‘NWR’ or the ‘Company’) today announced its financial results for the year ended 31 December 2011.

Financial highlights 

  • Consolidated revenues1 of EUR 1,632 million, up 3%
  • EBITDA1 of EUR 454 million, down 2%
  • Underlying net profit of EUR 130 million, up 1%2
  • Basic EPS of EUR 0.47
  • Proposed final dividend of EUR 0.07 per A share, bringing FY dividend to EUR 0.23
  • Net debt of EUR 391 million; no significant short term debt maturities

Operational highlights

  • LTIFR3 improved by 8% to 7.87
  • Coal production of 11.2Mt, and external sales of 10.6Mt
  • Coke production of 770kt, and external sales of 555kt
  • Broke ground at Debiensko Mine in Poland
  • Intention to explore the 1.5bnt hard coal resource at Frenstat Mine
  • Reincorporation in the UK and inclusion in FTSE index series

2012 outlook

  • Q1 coking coal and coke prices agreed at EUR 142/t and EUR 311/t, respectively 
  • Thermal coal average prices for 2012 agreed at EUR 74/t
  • Coal production and sales targets of 10.8–11Mt and 10.25–10.5Mt, respectively
  • Expected external coal sales split of 48% coking coal and 52% thermal coal
  • Coke production and coke sales targets of 700kt and 600kt respectively
  • Mining unit costs expected to be broadly flat, ex-FX fluctuations
  • Expected CAPEX of EUR 250 million of which EUR 40-50 million for Debiensko


1 From continuing operations.
2 Excluding EUR 82 million one-off gain from the sale of NWR Energy and EUR 23 million positive tax refund in FY 2010.
3 Lost Time Injury Frequency Rate represents the number of reportable injuries causing at least three days of absence per million hours worked. Includes contractors.

Please download the file below for more information:

« Back to 2012