financial results

The company received a net loss of €2 billion at the end of the 2022/2023 financial year

In January-September 2023, the company's revenue decreased by 14.7%

The company is still experiencing difficulties related to the drop in steel prices

In January-June 2023, the company's revenue decreased by 15.6%

Steel sales in April-June increased by 2.3% q/q

The company increased consolidated product shipments by 0.6% y/y in Q2

Production of pipes amounted to 393,000 tons, and railway products – 84,000 tons

The company's EBITDA in 2022 reached €727 million, while net profit reached €411 million

In January-March, steel shipments increased by 14% q/q

Shipments in this period increased by 5.7% y/y

The company notes that costs will decrease due to the drop in energy prices

In January-March 2023, the company's revenue increased by 9.5%