Metinvest's revenue increased in January

In January 2021, the revenue of Metinvest B.V. (Netherlands), the parent company of the Metinvest mining and metallurgical group, increased by 1.5%, or $ 15 million, compared to December 2020 - to $ 1.031 billion from $ 1.016 billion.
According to the presented report, the adjusted EBITDA of the metallurgical division of the group for January-2021 amounted to "plus" $ 171 million (in December - "plus" $ 113 million), including $ 13 million from participation in the joint venture ($ 19 million); EBITDA of the mining division - $ 234 million ($ 210 million), including from the joint venture - $ 67 million ($ 46 million).

The management company spent $ 7 million ($ 8 million). Total revenue in January consisted of $ 789 million ($ 788 million in December) for the division, $ 329 million ($ 350 million) for the mining division, and intra-group sales of $ 87 million ($ 122 million). The company's total debt in January increased by $ 13 million compared to December - to $ 2.950 billion from $ 2.937 billion, while the volume of cash increased by $ 293 million - to $ 1.119 billion from $ 826 million.

Funds used in investment activities amounted to $ 54 million, in financial activities - $ 55 million.

In January, the company sold 456 thousand tons of semi-finished products for $ 219 million, 764 thousand tons of finished metal products for $ 476 million, 186 thousand tons of coke for $ 39 million. concentrate for $ 7 million.