UPDATE 1-Russia's Evraz estimates Q1 revenue at $4.32 bln

(Adds details, background)

MOSCOW, May 16 (Reuters) - Russian steel maker Evraz Group's (HK1q.L: Quote, Profile, Research) first-quarter revenue amounted to around $4.32 billion, according to an interim management statement released by the company on Friday.

Earnings before interest, taxation, depreciation and amortisation (EBITDA) reached $1.39 billion while the EBITDA margin was 32 percent, the company said.

Evraz, Russia's largest steel maker by domestic volume, is reporting its quarterly financial results for the first time. It gave no comparative figures.

The company said its total steel sales amounted to 4.6 million tonnes. To see a report on Evraz's first-quarter production, please click on [ID:nWLB9822].

Total debt as of March 31 was around $7.26 billion, Evraz, part-owned by billionaire Roman Abramovich, said.

Evraz will report consolidated financial results for the six months ending June 30 2008 on Aug. 29. (Reporting by Maria Kiselyova; Editing by David Holmes)