Netherlands-based Metinvest B.V., the parent company of the international vertically integrated metals and mining group of companies, today announced preliminary financial results for the nine months ended September 30, 2017.
In 9M 2017, Metinvest's consolidated revenue increased by 36% year-on-year to US $ 6,222 million, mainly driven by higher prices for metal products and iron ore, which followed global benchmarks. In addition, an increase in demand led to an increase in sales of flat products (+433 thousand tonnes), slabs (+121 thousand tonnes), pig iron (+71 thousand tonnes) and coke (+72 thousand tonnes).
In 9M 2017 EBITDA increased by 39% year-on-year to US $ 1,373 million due to an increase in the share generated by the Mining segment by US $ 653 million. corporate overheads and eliminations remained at the level of the same period in 2016.
As of the end of September 2017, the total debt was US $ 2,909 million, which is 2% less than at the beginning of the year. In 9M 2017, Metinvest's capital investments increased by 55% year-on-year to US $ 308 million
For 9 months of 2017, Metinvest's consolidated revenue increased by 36%
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Azovpromstal® 19 December 2017 г. 17:53 |
