Highlights 2010
As industry fundamentals recovered in 2010, Ferrexpo was well placed to benefit from higher prices as it continued to produce at full capacity.
Production volumes
Up by 14%
record production volumes with the Group producing over 10.0 million tonnes of pellets, operating at full capacity
Sales volumes
Up by 8%
record sales volumes of 9.7 million tonnes of pellets
Revenue
Up by 100%
to US$1.3 billion, driven by significantly higher sales prices and volumes
C1 cash cost of production
US$39.7/t
cost inflation mitigated through full absorption of fixed costs and Business Improvement Programme
EBITDA
Up by 324%
to US$585 million, driven by higher revenue and robust cost control
Diluted earnings per share
Up by 500%
to 72.24 US cents
Total dividend per share
6.6 US cents per share
final dividend of 3.3 US cents per share in line with 2009
Net cash flow from operating activities
Up by 394%
to US$380 million
Year end cash balance
Increased substantially
to US$320 million
Net debt
Down by 60%
to US$104 million