BRIEF-Nyrstar full-year underlying EBITDA misses analysts' estimates

Thu, 06 Feb - 4:20pm

BRUSSELS, Feb 6 (Reuters) - Nyrstar NYR.BR :

* FY 2013 underlying EBITDA 185 million euros versus Reuters poll consensus of

192 million euros

* Net debt of EUR 670 million (EUR 756 million at the end of H1 2013)

* Zinc metal production of approximately 1,088kt at top end of full year

guidance

* Impairment of EUR 194 million (after tax) related to write-downs at an number

of mining operations

* Delivered significant cost savings through project lean, EUR 43 million by

end of 2013

* On track to deliver cost saving target of EUR 75 million by end of 2014

* Metals processing was up 10% on 2012 at EUR 149 million

* Mining segment EBITDA was down 40% on 2012 at EUR 78 million; adversely

impacted by lower commodity prices

* Lead in concentrate production was marginally down on guidance

* Capital expenditure of EUR 200 million, 19 percent down on

2012, and at the low end of full year guidance

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URN: 
urn:newsml:reuters.com:20140206:nWEB00HS6:13
Topics: 
EZC RES AU MET EUROP MINE ASIA LEN RTRS BACT MIN BE DIV WEU RESF BMAT EUROPE MTAL MEMI

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