Interpipe in January-September 2022 increased its revenues by 5.7 times y/y

Revenue from sales of the company's products for January-September decreased by 9.2% year-on-year

In January-September 2022, the company Interpipe increased its net sales by 5.7 times, and compared to the same period in 2021 – up to $185,95 million. This is stated by consolidated report, published on the company’s website.

Revenue from sales of the company’s products in January-September 2022 decreased by 9.2% y/y – to $686.634 million. Interpipe’s EBITDA for this period decreased by 18.5% – to $123.02 million.

Interpipe’s capital investments for the first nine months of 2022 amounted to $15.03 million, which is 66.8% lower than in 2021. The company’s net debt decreased by 94.8% y/y for this period – to $893,000.

As GMK Center reported earlier, in 2021, Interpipe reduced its net profit by 53.2% compared to 2020 – to $91.32 million. Capital investments reached $62.7 million (+42.3% y/y), and net debt increased by 96.8% y/y – up to $23.63 million.

In 2021, Interpipe increased steel production by 28.1% compared to 2020, to 971 thousand tons. The output of railway products for the year decreased by 9.7% – to 172.1 thousand tons, and pipes – by 32.5%, to 614.8 thousand tons.

Sales of railway products in 2021 decreased by 9.6% compared to 2020 – to 174 thousand tons. Sales of pipe products increased by 28.1% – to 602.2 thousand tons.

Interpipe is an international vertically integrated pipe and wheel company, one of the top 10 manufacturers of seamless pipes in the world and one of the top 3 manufacturers of all-rolled railway wheels.