Analyst Views: Why was the market so pleased with Evraz’s full-year results?

 
Suzie Neuwirth

DINNUR GALIKHANOV | ATON
Nobody cares about the losses, everyone’s used to them and they’re reflective of the general condition of the industry. They’re paper losses anyway, they’re not affecting the cash generation of the business.

IRYNA TRYGUB-KAINZ | RAIFFEISEN CENTROBANK
The dividend announcement was a real surprise and pushed the share price up today, although they won’t be issuing one this year as it’s conditional on earnings. They made improvements to production cost savings too.

ANDREY TRETELNIKOV | RYE, MAN & GOR SECURITIES
The firm has cut its spending and committed to lower capital expenditure next year. This means they will be able to generate more free cash flow and repay debt, which is the main concern for investors.