financial results News — GMK Center https://gmk.center/en/tag/financial-results/ This is an informational-analytical, discussion platform Wed, 03 Jun 2026 15:00:36 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://gmk.center/wp-content/uploads/2018/11/android-chrome-256x256-36x36.png financial results News — GMK Center https://gmk.center/en/tag/financial-results/ 32 32 <![CDATA[Voestalpine forecasts a rise in profits amid new EU protective measures]]> https://gmk.center/en/news/voestalpine-forecasts-a-rise-in-profits-amid-new-eu-protective-measures/ Wed, 03 Jun 2026 15:00:36 +0000 https://gmk.center/?post_type=news&p=124459 Austrian steel producer voestalpine expects profits to rise in the 2026/2027 financial year against the backdrop of new EU protective measures on steel imports. This is stated in the company’s report. Voestalpine forecasts EBITDA for this period of between €1.6 billion and €1.85 billion, compared with €1.49 billion in the 2025/2026 financial year (ending 31 […]

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]]> <![CDATA[Tata Steel doubled profit in Q4 FY2025/2026]]> https://gmk.center/en/news/tata-steel-doubled-profit-in-q4-fy2025-2026/ Mon, 18 May 2026 08:15:59 +0000 https://gmk.center/?post_type=news&p=123758 Tata Steel reported lower-than-expected profits in the fourth quarter of the 2025/2026 fiscal year (January–March 2026) due to rising raw material prices and one-time costs related to the restructuring of its Dutch division, Reuters reports. Consolidated net profit for the period, according to the company’s report, more than doubled to 29.26 billion rupees ($304.9 million), […]

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]]> <![CDATA[JSW Steel is investing $2.5 billion in capacity expansion]]> https://gmk.center/en/news/jsw-steel-is-investing-2-5-billion-in-capacity-expansion/ Fri, 15 May 2026 08:55:01 +0000 https://gmk.center/?post_type=news&p=123708 JSW Steel Ltd., India’s largest steel producer, has announced ambitious expansion plans. In the next fiscal year (FY 2027), the company’s capital expenditures will range from 220 to 240 billion rupees (approximately $2.5 billion). This is nearly 50% more than the previous year’s investments, which totaled 155.85 billion rupees. This was reported by Bloomberg. JSW […]

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]]> <![CDATA[Jindal Steel set new production records in fiscal year 2026]]> https://gmk.center/en/news/jindal-steel-set-new-production-records-in-fiscal-year-2026/ Mon, 04 May 2026 11:56:33 +0000 https://gmk.center/?post_type=news&p=123246 In the fourth quarter of fiscal year 2026, the Indian company Jindal Steel increased its steel production by 6%—to 2.65 million tons—compared to the previous quarter, or by 26% compared to the same period last year. This was reported by BigMint. At the same time, sales of steel products rose to 2.6 million tons, which […]

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]]> <![CDATA[ArcelorMittal tripled its net profit in Q1]]> https://gmk.center/en/news/arcelormittal-tripled-its-net-profit-in-q1/ Fri, 01 May 2026 08:43:09 +0000 https://gmk.center/?post_type=news&p=123193 Global steelmaker ArcelorMittal significantly improved its financial results on a quarterly basis in the first quarter of 2026. Net income rose to $575 million, a 225% increase compared to the fourth quarter of 2025, but remained 28.6% lower year-on-year. The company’s revenue for January–March was $15.46 billion, up 3.2% quarter-on-quarter and 4.5% year-on-year. EBITDA (earnings […]

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]]> <![CDATA[Vale increased net profit by 39% y/y in Q1]]> https://gmk.center/en/news/vale-increased-net-profit-by-39-y-y-in-q1/ Thu, 30 Apr 2026 13:05:56 +0000 https://gmk.center/?post_type=news&p=123169 Brazilian mining company Vale increased its net profit by 39% year-on-year in the first quarter of this year, reaching $1.94 billion, according to the company’s report. Net sales revenue for the period rose 14% year-on-year – to $9.26 billion, while production costs increased 13% compared to the same period in 2025. The company’s operating profit […]

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]]> <![CDATA[Gerdau increased its net profit by 32% y/y in Q1]]> https://gmk.center/en/news/gerdau-increased-its-net-profit-by-32-y-y-in-q1/ Wed, 29 Apr 2026 11:47:41 +0000 https://gmk.center/?post_type=news&p=123094 Brazilian steelmaker Gerdau reported a 32% year-on-year increase in consolidated net income for the first quarter of 2026 compared to the same period in 2025, reaching $203.5 million, according to Steelorbis. Gerdau’s net revenue for January–March decreased by 3.8% year-on-year – to $3.4 billion. At the same time, production costs fell by 6.5% year-on-year (to […]

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]]> <![CDATA[Nucor increased shipments of steel products by 9% y/y in Q1]]> https://gmk.center/en/news/nucor-increased-shipments-of-steel-products-by-9-y-y-in-q1/ Tue, 28 Apr 2026 13:03:16 +0000 https://gmk.center/?post_type=news&p=123062 In Q1 2026, the American steel company Nucor increased total shipments of steel products from its steel mills to 7.028 million tons, a 9% increase year-on-year. This is stated in the company’s report. Compared to the previous quarter, the figure rose by 19%. The utilization rate of the company’s steel mills for the period rose […]

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]]> <![CDATA[Salzgitter reduced its steel production by 8% y/y in 2025]]> https://gmk.center/en/news/salzgitter-reduced-its-steel-production-by-8-y-y-in-2025/ Tue, 24 Mar 2026 11:39:01 +0000 https://gmk.center/?post_type=news&p=121777 According to its 2025 results, the German conglomerate Salzgitter AG reduced its steel production by 8% year-over-year to 5.9 million tons, as stated in the company’s report. The group’s external sales fell to €9 billion last year from €10 billion in 2024 due to lower average prices for steel products and the deconsolidation of the […]

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]]> <![CDATA[Rio Tinto’s annual profit unchanged amid falling iron ore prices]]> https://gmk.center/en/news/rio-tinto-s-annual-profit-unchanged-amid-falling-iron-ore-prices/ Thu, 19 Feb 2026 10:28:53 +0000 https://gmk.center/?post_type=news&p=120324 Mining company Rio Tinto reported basic annual earnings for 2025 of $10.87 billion, unchanged from the previous year, Reuters reports. The company’s core iron ore business suffered from lower prices for this raw material, which was offset by strong performance in its copper division. Rio Tinto’s iron ore earnings last year fell to about 60% […]

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]]> <![CDATA[Thyssenkrupp recorded restructuring costs for its steel business of €401 million]]> https://gmk.center/en/news/thyssenkrupp-recorded-restructuring-costs-for-its-steel-business-of-e401-million/ Thu, 12 Feb 2026 10:04:42 +0000 https://gmk.center/?post_type=news&p=120020 German industrial group Thyssenkrupp has recorded restructuring costs for its steel business – financing large-scale job cuts – in the amount of €401 million ($477 million). This is stated in the company’s report. As a result of these costs, the group reported a net loss of €334 million for the first quarter of the 2025/2026 […]

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]]> <![CDATA[ArcelorMittal earned $3.1 billion in net profit in 2025]]> https://gmk.center/en/news/arcelormittal-earned-3-1-billion-in-net-profit-in-2025/ Fri, 06 Feb 2026 08:17:03 +0000 https://gmk.center/?post_type=news&p=119706 Global steel company ArcelorMittal increased its net profit by 135.4% compared to 2024, reaching $3.15 billion in 2025. This is stated in the financial report published on the company’s website. The company’s EBITDA (earnings before interest, taxes, depreciation, and amortization) for the 12 months decreased by 7.3% y/y – to $6.54 billion. Operating income was […]

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]]> <![CDATA[Thyssenkrupp expects significant losses in fiscal year 2025/2026]]> https://gmk.center/en/news/thyssenkrupp-expects-significant-losses-in-fiscal-year-2025-2026/ Tue, 09 Dec 2025 11:55:49 +0000 https://gmk.center/?post_type=news&p=117326 German industrial conglomerate Thyssenkrupp expects its net loss to reach €800 million in the 2025/2026 financial year (ending September 30, 2026), Reuters reports. The company’s expectations are based, among other things, on the costs of restructuring its steel division, which it is seeking to sell to India’s Jindal Steel. A final offer may be received […]

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]]> <![CDATA[ArcelorMittal earned $2.97 billion in net profit in January-September]]> https://gmk.center/en/news/arcelormittal-earned-2-97-billion-in-net-profit-in-january-september/ Fri, 07 Nov 2025 12:30:02 +0000 https://gmk.center/?post_type=news&p=115637 Global steelmaker ArcelorMittal increased its net profit by 72.1% in January-September 2025 compared to the same period in 2024, to $2.97 billion, according to a financial report published on the company’s website. The company’s EBITDA (earnings before interest, taxes, depreciation, and amortization) for the nine months decreased by 8.4% year-on-year to $4.95 billion. Operating income […]

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]]> <![CDATA[Thyssenkrupp cuts investment plans for the 2024/2025 financial year]]> https://gmk.center/en/news/thyssenkrupp-cuts-investment-plans-for-the-2024-2025-financial-year/ Thu, 14 Aug 2025 09:13:00 +0000 https://gmk.center/?post_type=news&p=112598 The German industrial giant Thyssenkrupp AG has revised its investment plans and lowered its profit and revenue forecast for the 2024/2025 financial year (ending September 30) following the publication of results for the third quarter (April–June). As stated, in response to a challenging situation the conglomerate is adopting a more restrictive approach to investment planning. […]

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]]> <![CDATA[Salzgitter reduced steel production by 12% year-on-year in the first half of the year]]> https://gmk.center/en/news/salzgitter-reduced-steel-production-by-12-year-on-year-in-the-first-half-of-the-year/ Mon, 11 Aug 2025 13:13:14 +0000 https://gmk.center/?post_type=news&p=112535 The German conglomerate Salzgitter AG reduced steel production by 12.1% in January–June 2025 compared to the same period in 2024, down to 2.93 million t. This is according to the company’s report for the first half of the year. Total external sales in the first half of the year decreased by 11% year-on-year, reaching €4.66 […]

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]]> <![CDATA[ArcelorMittal reported $2.6 billion in net profit in 1H2025]]> https://gmk.center/en/news/arcelormittal-reported-2-6-billion-in-net-profit-in-1h2025/ Mon, 04 Aug 2025 08:36:14 +0000 https://gmk.center/?post_type=news&p=112182 Global steelmaker ArcelorMittal increased its net profit by 80.2% in January-June 2025 compared to the same period in 2024, to $2.598 billion, according to a financial report published on the company’s website. The company’s EBITDA (earnings before interest, taxes, depreciation, and amortization) for the six months decreased by 9.9% year-on-year to $3.440 billion. Operating income […]

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]]> <![CDATA[Voestalpine ends fiscal year 2024/25 with EBITDA of €1.3 billion]]> https://gmk.center/en/news/voestalpine-ends-fiscal-year-2024-25-with-ebitda-of-e1-3-billion/ Thu, 05 Jun 2025 06:58:14 +0000 https://gmk.center/?post_type=news&p=109872 Despite the challenging global economic environment, the voestalpine Group ended the 2024/25 financial year (ended March 31, 2025) with a solid financial performance. Consolidated revenues amounted to €15.7 billion (-5.6% y/y), EBITDA was €1.3 billion, and net profit after tax reached €179 million. This is stated in the company’s financial report. Against the backdrop of […]

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]]> <![CDATA[Ukrainian Railways received UAH 20.4 billion in profit from freight transportation in 2024]]> https://gmk.center/en/news/ukrainian-railways-received-uah-20-4-billion-in-profit-from-freight-transportation-in-2024/ Thu, 22 May 2025 09:45:20 +0000 https://gmk.center/?post_type=news&p=109351 In 2024, Ukrainian Railways JSC (UZ) received UAH 20.39 billion in operating profit from freight transportation, which is 2.3% less than a year earlier, while the operating loss from passenger transportation increased by 15.4% y/y – to UAH 18.1 billion. This is stated in the company’s annual report, Interfax-Ukraine reports. Overall, revenue from freight transportation […]

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]]> <![CDATA[Tata Steel increased steel production in India by 4% y/y in FY2024/2025]]> https://gmk.center/en/news/tata-steel-increased-steel-production-in-india-by-4-y-y-in-fy2024-2025/ Tue, 13 May 2025 11:44:50 +0000 https://gmk.center/?post_type=news&p=109020 Indian steelmaker Tata Steel increased steel production in India by 4.3% y/y – to 21.7 million tons in FY2024/2025 (ended March 31, 2025). The figure is the highest in the company’s history. This is stated in the company’s financial report. Consolidated steel production in the period increased by 3.3% y/y – to 30.9 million tons. […]

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]]> <![CDATA[US Steel reduced steel shipments by 1.1% y/y in Q1]]> https://gmk.center/en/news/us-steel-reduced-steel-shipments-by-1-1-y-y-in-q1/ Mon, 05 May 2025 11:08:09 +0000 https://gmk.center/?post_type=news&p=108697 US Steel Corporation, one of the largest steel producers in the United States, reduced steel shipments by 1.1% year-on-year – to 3.76 million short tons in the first quarter of 2025. This is stated in the company’s report. In January-March, the European segment reduced shipments by 20.1% y/y – to 856 thousand short tons. Steel […]

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]]> <![CDATA[ArcelorMittal earned $805 million in net profit in Q1]]> https://gmk.center/en/news/arcelormittal-earned-805-million-in-net-profit-in-q1/ Thu, 01 May 2025 10:51:47 +0000 https://gmk.center/?post_type=news&p=108580 In January-March 2025, the global steel company ArcelorMittal increased its net profit by 6.3% compared to the same period in 2024 to $805 million. Compared to the previous quarter, the figure almost doubled. This is stated in the financial report published on the company’s website. The company’s EBITDA (earnings before interest, taxes, depreciation, and amortization) […]

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]]> <![CDATA[China’s Ansteel suffered a loss of almost $1 billion in 2024]]> https://gmk.center/en/news/chinas-ansteel-suffered-a-loss-of-almost-1-billion-in-2024/ Mon, 31 Mar 2025 09:42:55 +0000 https://gmk.center/?post_type=news&p=107121 Angang Steel (Ansteel), a listed unit of Anshan Iron and Steel Group, the second largest steel producer in China, suffered a loss of almost $1 billion in 2024. Bloomberg reports with reference to the company’s stock exchange report. The company’s annual net loss more than doubled last year to 7.1 billion yuan ($981 million) from […]

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]]> <![CDATA[Salzgitter notes the weakness of the German economy and uncertainty about exports]]> https://gmk.center/en/news/salzgitter-notes-the-weakness-of-the-german-economy-and-uncertainty-about-exports/ Mon, 24 Mar 2025 11:03:12 +0000 https://gmk.center/?post_type=news&p=106757 The German Salzgitter Group notes the weakness of the German economy and growing uncertainty about exports due to tensions between the United States and its trading partners. This is stated in the company’s report for the financial year 2024. As noted, the steel sector was affected by high energy prices and high imports. The company’s […]

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]]> <![CDATA[Voestalpine cuts profit forecast due to weak economic environment in Europe]]> https://gmk.center/en/news/voestalpine-cuts-profit-forecast-due-to-weak-economic-environment-in-europe/ Thu, 13 Feb 2025 08:19:24 +0000 https://gmk.center/?post_type=news&p=105296 Austrian steelmaker Voestalpine has lowered its profit forecast for the 2024/2025 financial year (ending March 31) due to the weak economic environment in Europe and uncertainty over future US tariffs. This is stated in the company’s message. Voestalpine expects EBITDA for the period to be about €1.3 billion, compared to the previous forecast of €1.4 […]

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]]> <![CDATA[Salzgitter’s EBITDA for FY2024 exceeds expectations]]> https://gmk.center/en/news/salzgitters-ebitda-for-fy2024-exceeds-expectations/ Wed, 12 Feb 2025 11:04:38 +0000 https://gmk.center/?post_type=news&p=105268 German steel company Salzgitter AG exceeded market expectations in terms of EBITDA in 2024, reaching €445 million. Despite a decline in total turnover to €10.0 billion (versus €10.8 billion in 2023) and a significant pre-tax loss of €296 million, the company’s profitability by this key indicator was higher than expected. An important role in the […]

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]]> <![CDATA[ArcelorMittal received $2.33 billion in net profit in 2024]]> https://gmk.center/en/news/arcelormittal-received-2-33-billion-in-net-profit-in-2024/ Fri, 07 Feb 2025 11:02:43 +0000 https://gmk.center/?post_type=news&p=105091 The global steel company ArcelorMittal reduced its net profit by 52.2% in 2024 compared to 2023 to $2.33 billion. This is stated in the financial report published on the company’s website. The company’s EBITDA (earnings before interest, taxes, depreciation, and amortization) decreased by 19.3% y/y – to $7.05 billion for the year. Operating income amounted […]

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]]> <![CDATA[POSCO reduced steel production by 1.1% y/y in 2024]]> https://gmk.center/en/news/posco-reduced-steel-production-by-1-1-y-y-in-2024/ Thu, 06 Feb 2025 12:20:30 +0000 https://gmk.center/?post_type=news&p=105050 South Korean steel company POSCO reduced steel production by 1.1% yoy to 33.17 million tons in 2024. This is reported by SteelOrbis. Sales of rolled products in the period decreased by 1% yoy to 32.8 million tons. The decline in production and sales was due to the reconstruction of blast furnaces. However, sales of high […]

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]]> <![CDATA[Tata Steel reported a profit in Q3 fiscal year 2024/2025]]> https://gmk.center/en/news/tata-steel-reported-a-profit-in-q3-fiscal-year-2024-2025/ Tue, 28 Jan 2025 09:01:52 +0000 https://gmk.center/?post_type=news&p=104690 Indian steel company Tata Steel unexpectedly reported a profit in the third quarter of fiscal year 2024/2025 (October-December 2024) despite weak performance in Europe and falling domestic prices amid rising steel production in India. This is reported by Bloomberg. The company’s net profit in the period decreased by 38% year-on-year – to Rs 3.2 billion […]

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]]> <![CDATA[Tata Steel’s losses in the UK reached £1.1 billion due to the closure of the Port Talbot blast furnace]]> https://gmk.center/en/news/tata-steels-losses-in-the-uk-reached-1-1-billion-due-to-the-closure-of-the-port-talbot-blast-furnace/ Thu, 05 Dec 2024 10:15:04 +0000 https://gmk.center/?post_type=news&p=103158 Tata Steel’s UK business recorded an almost fourfold increase in pre-tax losses in the financial year 2023/2024 (to March 2024) due to restructuring costs associated with the closure of blast furnaces and coke oven batteries in Port Talbot. This was reported by the Financial Times with reference to the company’s financial statements. The amount of […]

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]]> <![CDATA[Thyssenkrupp has reduced the assets of its steel division by €1 billion]]> https://gmk.center/en/news/thyssenkrupp-has-reduced-the-assets-of-its-steel-division-by-e1-billion/ Tue, 19 Nov 2024 11:50:40 +0000 https://gmk.center/?post_type=news&p=102557 The German concern Thyssenkrupp announced a €1 billion impairment loss on the non-current assets of its steel division in the 2023/2024 financial year. The company cited a deteriorating outlook for the sector as weak demand and Asian competition hurt German industry. This was reported by Reuters. The latest depreciation of metallurgical assets comes as the […]

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]]> <![CDATA[Low steel prices affect Tata Steel’s performance in the UK and the Netherlands]]> https://gmk.center/en/news/low-steel-prices-affect-tata-steels-performance-in-the-uk-and-the-netherlands/ Thu, 07 Nov 2024 14:37:08 +0000 https://gmk.center/?post_type=news&p=102192 The reduction in steel spreads in the first half of 2024/2025 (April-September) affected Tata Steel’s financial performance in the UK and the Netherlands. This is stated in the company’s financial report. In addition, Tata Steel notes that the British division was burdened by the temporary nature of operations, as blast furnaces were safely decommissioned at […]

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]]> <![CDATA[British Steel increased losses eightfold in 2022]]> https://gmk.center/en/news/british-steel-increased-losses-eightfold-in-2022/ Thu, 19 Sep 2024 10:01:48 +0000 https://gmk.center/?post_type=news&p=100497 British Steel, a steel company owned by China’s Jingye, has announced an eightfold increase in pre-tax losses in 2022, up to £408.4 million on a turnover of £1.7 billion. This is reported by the Financial Times. In 2021, the company’s losses amounted to £49.5 million with a turnover of £1.5 billion. British Steel’s latest financial […]

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]]> <![CDATA[Interpipe increased its profit by 5.1% y/y in H1 2024]]> https://gmk.center/en/news/interpipe-increased-its-profit-by-5-1-y-y-in-h1-2024/ Wed, 18 Sep 2024 12:42:19 +0000 https://gmk.center/?post_type=news&p=100468 In January-June 2024, Ukrainian industrial company Interpipe increased its net profit by 5.1% compared to the same period in 2023 to $128.74 million. This is evidenced by the consolidated financial statements published on the company’s website. Revenue from sales of the company’s products in January-June 2024 increased by 3.3% y/y – to $535.77 million. Interpipe’s […]

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]]> <![CDATA[ArcelorMittal received $1.44 billion in net profit in H1]]> https://gmk.center/en/news/arcelormittal-received-1-44-billion-in-net-profit-in-h1/ Fri, 02 Aug 2024 08:30:46 +0000 https://gmk.center/?post_type=news&p=99341 According to the results of the first half of 2024, the global metallurgical company ArcelorMittal reduced its net profit by 51.2% compared to the same period in 2023 – to $1.44 billion. This is stated in the financial report published on the company’s website. The company’s EBITDA (earnings before interest, taxes and depreciation) for January-June […]

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]]> <![CDATA[Tata Steel in April-June increased its net profit by 51% y/y]]> https://gmk.center/en/news/tata-steel-in-april-june-increased-its-net-profit-by-51-y-y/ Thu, 01 Aug 2024 09:43:29 +0000 https://gmk.center/?post_type=news&p=99304 Indian steel producer Tata Steel in the first quarter of the 2024/2025 fiscal year (April-June) increased its consolidated net profit by 51% y/y – up to 9.6 billion rupiah ($115 million), Bloomberg reports. Revenue in the specified period decreased by 7.9% – to 547.7 billion rupiah. Total spending in April-June fell 11% year-on-year – to […]

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]]> <![CDATA[Ferrexpo in the first half of the year increased its net profit by 2 times y/y]]> https://gmk.center/en/news/ferrexpo-in-the-first-half-of-the-year-increased-its-net-profit-by-2-times-y-y/ Wed, 31 Jul 2024 08:32:40 +0000 https://gmk.center/?post_type=news&p=99271 Ferrexpo, an iron ore company with assets in Ukraine, listed on the London Stock Exchange, has doubled its net profit in January-June 2024 year-on-year – to $55 million, according to the company’s report. “Ferrexpo continues to demonstrate resilience, preserving jobs in a time of war with production and export growth. From a corporate perspective, we […]

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]]> <![CDATA[Thyssenkrupp downgrades expectations for fiscal year 2023/2024 results]]> https://gmk.center/en/news/thyssenkrupp-downgrades-expectations-for-fiscal-year-2023-2024-results/ Fri, 26 Jul 2024 13:09:52 +0000 https://gmk.center/?post_type=news&p=99142 The German conglomerate Thyssenkrupp has lowered its forecasts for the 2023/2024 fiscal year (ending in September), Finanzen.ch reports. The company argues that the market environment remains weak, which, among other things, leads to lower sales. Although the efficiency measures implemented last year (APEX) counteract the negative market trends, they cannot fully compensate for them. The […]

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]]> <![CDATA[Interpipe increased its profit by 28.4% y/y in Q1]]> https://gmk.center/en/news/interpipe-increased-its-profit-by-28-4-y-y-in-q1/ Fri, 28 Jun 2024 13:55:36 +0000 https://gmk.center/?post_type=news&p=98218 In January-March 2024, Ukrainian industrial company Interpipe increased its net profit by 28.4% compared to the same period in 2023 to $73.39 million. This is evidenced by the consolidated financial statements published on the company’s website. Revenue from sales of the company’s products in January-March 2024 increased by 11.3% y/y – to $255.14 million. Interpipe’s […]

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]]> <![CDATA[Salzgitter has lowered its sales forecast for 2024]]> https://gmk.center/en/news/salzgitter-has-lowered-its-sales-forecast-for-2024/ Wed, 15 May 2024 11:32:04 +0000 https://gmk.center/?post_type=news&p=96734 German steelmaker Salzgitter has lowered its 2024 forecast for the steel market as signs of recovery are weaker than previously expected. This is stated in the company’s report for the first quarter of this year. Salzgitter currently expects sales this year to be around €10.5 billion, compared to its previous forecast of €10.5-11 billion. According […]

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]]> <![CDATA[ArcelorMittal earned $938 million in net profit in Q1]]> https://gmk.center/en/news/arcelormittal-earned-938-million-in-net-profit-in-q1/ Fri, 10 May 2024 07:10:37 +0000 https://gmk.center/?post_type=news&p=96545 In the first quarter of 2024, global steelmaker ArcelorMittal reduced its net profit by 14.4% compared to the same period in 2023 – to $938 million. The figure decreased by 4.5% compared to the fourth quarter of 2023. This is stated in the financial report published on the company’s website. The company’s EBITDA (earnings before […]

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]]> <![CDATA[Metinvest ended 2023 with a loss of $194 million]]> https://gmk.center/en/news/metinvest-ended-2023-with-a-loss-of-194-million/ Mon, 18 Mar 2024 14:15:21 +0000 https://gmk.center/?post_type=news&p=94810 Metinvest Group ended 2023 with a consolidated net loss of $194 million, while in 2022 this figure was $2.193 billion (-10.3 times y/y). This is stated in the financial report published on the company’s website. The company’s revenue for the past year decreased by 11% compared to 2022 – to $7.397 billion. EBITDA decreased by […]

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]]> <![CDATA[Thyssenkrupp lowers sales and profit forecast for fiscal year 2023/2024]]> https://gmk.center/en/news/thyssenkrupp-lowers-sales-and-profit-forecast-for-fiscal-year-2023-2024/ Thu, 15 Feb 2024 12:28:39 +0000 https://gmk.center/?post_type=news&p=93719 German industrial conglomerate Thyssenkrupp has lowered its sales and net profit forecasts for the 2023/2024 financial year, in particular due to a drop in sales in the steel and commodities businesses. The company said in a statement. One of the reasons for the decline in the planned profit figure is losses from impairment of fixed […]

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]]> <![CDATA[ArcelorMittal received $4.87 billion in net profit in 2023]]> https://gmk.center/en/news/arcelormittal-received-4-87-billion-in-net-profit-in-2023/ Thu, 08 Feb 2024 14:43:34 +0000 https://gmk.center/?post_type=news&p=93466 The global steel company ArcelorMittal cut its net profit by 54.1% in 2023 compared to 2022 – to $4.87 billion. This is stated in the financial report published on the company’s website. The company’s EBITDA (earnings before interest, taxes, depreciation, and amortization) decreased by 46.6% y/y – to $7.56 billion last year. Operating income for […]

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]]> <![CDATA[Interpipe increased its profit by 1.7% y/y in January-September]]> https://gmk.center/en/news/interpipe-in-january-september-increased-its-profit-by-1-7-y-y/ Thu, 28 Dec 2023 11:34:38 +0000 https://gmk.center/?post_type=news&p=92152 Ukrainian industrial company Interpipe, a producer of steel pipes and railway products, increased its net profit by 1.7% – to $189.13 million in January-September 2023 compared to the same period in 2022. This is evidenced by the consolidated financial statements published on the company’s website. Revenue from sales of the company’s products in January-September 2023 […]

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