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.