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"Metinvest " in May increased revenue by 13.6% versus April, debt increased by $ 25 million

Ukraine

Metinvest's total revenue in May consisted of $ 631 million in the Metinvest division, $ 291 million in the mining division and $ 79 million in intra-group sales

"Metinvest " in May increased revenue by 13.6% versus April, debt increased by $ 25 million

Revenue of Metinvest B.V. (Netherlands), the parent company of the Metinvest mining and metallurgical group, in May 2020 increased by 13.6%, or $ 101 million compared to the previous month - to $ 843 million from $ 742 million.

According to the published preliminary unaudited consolidated monthly results of the company's financial statements on Tuesday, the total EBITDA in May was $ 162 million, which is $ 36 million more than in April ($ 126 million), while EBITDA from participation in the joint venture was $ 16 million ( in April - $ 15 million).

According to the report, the adjusted EBITDA of the metallurgical division of the group for May 2020 amounted to $ 39 million (in April - $ 64 million), including "minus " $ 6 million - from participation in the joint venture ("minus " $ 1 million) ; EBITDA of the mining division - $ 112 million (in April - $ 94 million), including from the joint venture - $ 22 million ($ 16 million). The management company spent $ 7 million ($ 6 million).

Total revenue in May consisted of $ 631 million ($ 580 million in April), mining division $ 291 million ($ 240 million), intra-group sales of $ 79 million ($ 78 million).

The total debt of the company in May increased by $ 25 million compared to April - to $ 3.098 billion from $ 3.073 billion. At the same time, the volume of funds decreased by $ 10 million - to $ 260 million from $ 270 million.

The funds used in investment activities amounted to $ 95 million, in financial activities - $ 27 million.

"Metinvest " due to the resale of square billets (produced by the DMK corporation "ISD " - IF ) in May in the amount of 180 thousand tons received $ 67 million. In addition, from the resale of 224 thousand tons of flat products received $ 98 million, 53 thousand tons of long products - $ 23 million, 106 thousand tons of pig iron - $ 31 million.

In general, the company in May sold 563 thousand tons of semi-finished products for $ 194 million, 700 thousand tons of finished metal products for $ 355 million, 197 thousand tons of coke for $ 44 million.

In May the Group sold 2.105 million tons of iron ore for $ 202 million, 75 thousand tons of coal concentrate for $ 8 million.

The main shareholders of Metinvest are SCM Group (71.24%) and Smart Holding (23.76%), jointly managing the company.

LLC "Metinvest Holding " - the management company of the "Metinvest " group.

МЕТАЛЛУРГПРОМ
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