Home / News / Ukraine / "Metinvest " in October reduced revenue by 4.8% compared to September, EBITDA by 1.6% with an increase in the indicator from the joint venture

"Metinvest " in October reduced revenue by 4.8% compared to September, EBITDA by 1.6% with an increase in the indicator from the joint venture

Ukraine / Business and Finance

The company's total debt in October increased by $ 5 million compared to September - to $ 2.932 billion from $ 2.927 billion. At the same time, the amount of cash increased by $ 63 million - to $ 712 million from $ 649 million.

"Metinvest " in October reduced revenue by 4.8% compared to September, EBITDA by 1.6% with an increase in the indicator from the joint venture

Revenue of Metinvest B.V. (Netherlands), the parent company of the Metinvest mining and metallurgical group, in October 2020 decreased by 4.8%, or $ 44 million, compared to the previous month - to $ 868 million from $ 912 million.

According to the published preliminary unaudited consolidated monthly results of the company's financial statements on Tuesday, the total EBITDA in October amounted to $ 240 million, which is $ 4 million less than in September ($ 244 million), while EBITDA from participation in the joint venture was $ 56 million ( in September - $ 37 million).

According to the report, the adjusted EBITDA of the metallurgical division of the group for October 2020 amounted to "plus " $ 140 million (in September "plus " $ 115 million), including $ 9 million from participation in the joint venture ($ 1 million); EBITDA of the mining division - $ 128 million (in September - $ 134 million), including from the joint venture - $ 47 million ($ 36 million). The management company spent $ 7 million ($ 4 million).

Total revenue in October consisted of $ 689 million in the Metallurgical Division ($ 727 million in September), $ 228 million in the Mining Division ($ 235 million), intragroup sales of $ 49 million ($ 50 million).

The company's total debt in October increased by $ 5 million compared to September - to $ 2.932 billion from $ 2.927 billion. At the same time, the amount of cash increased by $ 63 million - to $ 712 million from $ 649 million.

The funds used in investment activities amounted to $ 50 million, in financial activities - $ 5 million.

"Metinvest " due to the resale of square billets (produced by the DMK corporation "ISD " - IF) in October in the amount of 48 thousand tons (in September 115 thousand tons) received $ 21 million ($ 48 million). In addition, $ 111 million was received from the resale of 218 thousand tons of flat products, 58 thousand tons of long products - $ 29 million, 97 thousand tons of pig iron - $ 36 million.

In general, the company in October sold 436 thousand tons of semi-finished products for $ 172 million, 782 thousand tons of finished metal products for $ 431 million, 189 thousand tons of coke for $ 38 million.

In October, the Group sold 1.490 million tons of iron ore for $ 177 million, 51 thousand tons of coal concentrate for $ 5 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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