EBITDA News — GMK Center

ArcelorMittal increased profit by 28% in the first half of the year

Masha Malonog — Thu, 28 Jul 2022 11:02:57 +0000

ArcelorMittal Corporation, the world’s largest steel producer, increased its net profit by 27.9% in the first half of 2022 compared to the same period in 2021, to $8.05 billion, according to a financial report published by companies site. ArcelorMittal’s revenue in January-June 2022 increased by 23.8% compared to the first half of 2021, to $43.98 […]

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Metinvest’s CAPEX climbed by 79% in 9M

Vadim Kolisnichenko — Tue, 28 Dec 2021 09:01:41 +0000

In January–September 2021, the Metinvest Group’s CAPEX surged by 79% to $822 million y-o-y, according to the financial report published on the Group’s website. In 9M 2021, Metinvest’s consolidated revenues surged by 78% to $13.5 billion y-o-y. In 9M 2021, Metinvest’s EBITDA quadrupled to $6.1 billion y-o-y. Stronger EBITDA performance was driven by the positive effect of operational improvements, $537 million or 10% […]

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Metinvest increased revenues by 1.6% in July

Vadim Kolisnichenko — Wed, 27 Oct 2021 06:01:23 +0000

In July 2021, Metinvest B.V., the holding company of the Metinvest Group, ramped up its revenues by 1.6% to $1.75 billion compared to June, according to the financial results published on the Group’s website. The steel segment’s contribution in Metinvest B.V.’s revenues in July was $1.36 billion, 4.5% up from June. In July, Metinvest earned: a $70 million from the […]

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Interpipe cut revenues by 2% in H1

Vadim Kolisnichenko — Fri, 01 Oct 2021 10:01:33 +0000

In H1 2021, Interpipe decreased revenues by 2% to $460 million y-o-y, according to the consolidated financial statement published on the Company’s website. Interpipe worked in the situation of recovery of all key markets and regions after the coronavirus restrictions, which fostered consumption of main pipe products (OCTG and linepipes) by the oil and gas and construction sectors,” […]

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Interpipe cut profit by 90% in Q1

Vadim Kolisnichenko — Wed, 23 Jun 2021 06:01:55 +0000

In January–March 2021, Interpipe’s profit slumped by 90% to $12,8 million y-o-y, according to Interfax-Ukraine citing the Company’s interim report on operating and financial results for three months. Revenue in Q1 decreased by 19.9% y-o-y to $200.9 million; EBITDA declined by 53% y-o-y- to $40 million. Total Net Debt stood at $53 million with net leverage ratio (net debt […]

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Metinvest increased revenue by 43% in Q1

Vadim Kolisnichenko — Tue, 15 Jun 2021 06:01:01 +0000

Metinvest B.V., the parent company of the Metinvest Group, increased its consolidated revenue by 43% to $3.6 billion in Q1 y-o-y, according to the financial results published on the Group’s website. This was driven primarily by higher selling prices of steel and iron ore products in line with global benchmarks. The Group increased sales volumes of flat […]

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In Q3 Metinvest demonstrates the best results in two years

Vadim Kolisnichenko — Mon, 28 Dec 2020 07:01:38 +0000

In July–September 2020, the Metinvest Group demonstrated the best quarterly results in the last two years. This opinion was suggested by Andrii Tarasenko, GMK Center Chief Analyst. “Following a drastic fall, demand is recovering unexpectedly quickly. Besides, the first violin player is now China which became a net importer in the summer. As a result, following […]

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Interpipe cut revenues by 16% in H1

Aleksandr — Tue, 20 Oct 2020 06:01:52 +0000

In January–June 2020, Interpipe, an international, vertically integrated pipe and wheel company, cut its revenue by 16% to $468 million compared to the same period a year earlier, according to a report posted on the Company’s website. The Company’s EBITDA in six months grew by 19% to 149 million. Capital investment in January–June amounted to $19 million, 23% up from the same period of the previous year. Net debt […]

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Metinvest cut revenue by 15% in H1

Aleksandr — Tue, 06 Oct 2020 06:01:33 +0000

Metinvest B.V., the parent company of the Metinvest Group, cut its revenue in H1 2020 by 15% to $4.97 billion compared to the same period a year earlier, according to the financial results published on the Group’s website. In H1, Metinvest B.V. had a net loss of $240 million. For comparison, in January–June 2019, the Company received $408 million in net profit. The Group’s […]

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Ferrexpo cut net profit by 7.6% in H1

Aleksandr — Fri, 28 Aug 2020 06:01:22 +0000

The Ferrexpo Group reduced its net profit by 7.6% to $249.9 million in H1 compared to the same period of the previous year, according to the Group’s 2019 full year results. Ferrexpo’s revenue in H1 decreased by 1.4% to $775.8 million. EBITDA fell by 5.4% to $352 million. Net cash flow from financial operations increased by 1% to $258 million. The Group cut capital investment by 16% to $96 million against H1 2019. Net debt went […]

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Metinvest cut revenue by 11% in Q1

Aleksandr — Wed, 17 Jun 2020 10:01:32 +0000

Metinvest B.V., the parent company of the Metinvest Group, cut its consolidated revenue by 11% to $2.5 billion in Q1 compared to the same period of the previous year, according to the financial results published on the Group’s website. The reason is a decrease in sale prices for metal products, implications of the coronavirus pandemic on […]

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Metinvest increased revenue by 4.8% in February

Aleksandr — Wed, 20 May 2020 10:01:14 +0000

Metinvest B.V. (Netherlands), the parent company of the Metinvest Group, increased its revenue in February 2020 by 4.8% or by $39 million to $860 million against January, according to the financial results published on the Group’s website. EBITDA in February ramped up by 76.7% to $129 million against the previous month. Adjusted EBITDA of steel companies of the Group amounted […]

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Interpipe increased revenue by 4% in 2019

Aleksandr — Wed, 13 May 2020 10:01:45 +0000

In 2019, Ukrainian Interpipe increased revenue by 4% to $1.112 billion against the previous year due to a gain in sales of railway products, according to the press release on the Company’s website. In particular, its railway products revenues boosted by 49% to $425 million over the year. The reason is high demand in the CIS and EU markets. […]

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Ferrexpo’s net profit increased by 20% in 2019

Aleksandr — Tue, 31 Mar 2020 05:01:16 +0000

In 2019, the Ferrexpo Group increased its net profit by 20% to $403 million against the previous year, according to the Group’s 2019 full year results. In 2019, Ferrexpo’s revenue grew by 18% to $1.5 billion, EBITDA increased by 17% to $586 million, net cash flow from financial operations rose by 62% to $473 million. Ferrexpo’s capital investment increased by 83% […]

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Metinvest decreased net profit by 71% in 2019

Aleksandr — Wed, 18 Mar 2020 07:07:52 +0000

In 2019, Metinvest B.V., the holding company of the Metinvest Group, decreased its net profit by 71% to $341 million compared to 2018, according to the financial results published on the Group’s website. The Group’s revenues totaled $10.7 billion, 9% down from the previous year. The Group’s EBITDA fell by 52% to $1.2 billion, and EBITDA margin shrank by […]

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Metinvest cut its EBITDA by 75% in October

Aleksandr — Fri, 24 Jan 2020 06:37:07 +0000

Metinvest B.V., the parent company of the Metinvest Group, cut its EBITDA by 75% to $20 million in October compared to September. This is evidenced by the monthly financial results, published on the Group’s website. Adjusted EBITDA of steel companies of the Group amounted to -$27 million in October against -$22 million in September. Adjusted EBITDA of Metinvest’s mining companies amounted to $41 million in […]

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Metinvest’s EBITDA decreased by 39% over the first 9 months of 2019

Aleksandr — Sat, 04 Jan 2020 07:22:31 +0000

Over the first nine months of 2019, the Metinvest Group’s EBITDA decreased by 39% to $1.2 billion compared to the same period of the previous year, according to the Company’s financial results. The Group’s earnings before interest, taxes and amortization dropped due to the steel segment, with a simultaneous growth in the mining segment, Metinvest reported. According […]

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Metinvest increased the EBITDA in July by 54.3%

Aleksandr — Tue, 05 Nov 2019 09:38:31 +0000

According to Interfax-Ukraine, with reference to the unaudited consolidated monthly financial results of the Metinvest Group, the Group increased its EBITDA by 54.3%, up to $145 million, in July compared to the previous month. In July, Metinvest’s revenue declined by 3.7%, down to $946 million, compared to June. The Company’s arrears in July amounted to $2.7 billion, $22 million […]

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