.gif?width=220&height=200&mediaprotectionhash=b13da841472e6e7ed500ee35df2a350aaf53d75246118b33ea2095cc7e9a3fc4&ext=.gif)
Evraz Recognized for Financial Disclosure Procedures in Europe
05/04/2012 - Evraz plc has been named the best European company in the Best Financial Disclosure Procedures category in the 2012 IR Global Rankings survey. This is its second top award for Best Financial Disclosure.
Evraz plc has been named the best European company in the Best Financial Disclosure Procedures category in the 2012 IR Global Rankings (IRGR) survey during the award ceremony in New York.
This is the second time the top award in the Best Financial Disclosure has been presented to Evraz; its first award was presented in 2011 during the IRGR Ceremony held in London where Evraz received awards for the Best Financial Disclosure and Best Progress.
The analysis conducted by IRGR is based on the quality of the information provided on each participant’s latest financial material, mainly financial reports, earnings releases and interim reports, within the following categories: Operating Information, Income Statement, Balance Sheet, Cash Flow, Guidance, Conference Calls & Presentations, and Exemplary Disclosure. Once the technical evaluation has been completed, an independent technical committee oversees and reviews IRGR’s findings and final rankings to ensure the independence of such analysis.
“We are very pleased with the recognition of our efforts to increase transparency, and we remain committed to continuous improvement of our financial disclosure and investor relations standards,” said Giacomo Baizini, Vice President Corporate Affairs and CFO of Evraz. “We are proud that we have been recognized the best among European companies, well known for best practices in financial disclosure and investor relations.”
Evraz plc is a vertically integrated steel, mining, and vanadium business with operations in the Russian Federation, Ukraine, Europe, U.S., Canada, and South Africa and employs approximately 110,000 people. The company is ranked the 15th largest steel producer in the world based on crude steel production of 16.3 million tonnes in 2010. In 2011, Evraz produced 16.8 million tonnes of crude steel.
